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Seriousness Of Debt In South Africa – BusinessDay TV

Seriousness of Debt in South Africa – BusinessDay TV

Seriousness of Debt in South Africa

In this BusinessDay TV 3-part video series Hein du Plessis, managing director at DebtSafe, and Wikus Olivier, debt management expert at DebtSafe, discusses the seriousness of debt in South Africa.

45% of credit active South Africans (that’s around 10 million people) are falling behind on their payments. Therefore the seriousness of debt in South Africa becomes a matter of national importance. In this 3-part video series Hein and Wikus discusses how, and why, debt counselling is a proven solution to over-indebtedness.

Hein and Wikus has a detailed discussion about the following:

  • How South Africans become over-indebted.
  • What are your rights as an over-indebted consumer.
  • What debt counselling is, how it helps people overcome debt, and what the process entails.
  • How debt counselling is regulated by the NCR to protect the consumer.
Click here to view BussinessDay TV: Seriousness of Debt in South Africa - Part 1.