#PODCAST New FinMark Trust report shows that over 40% of SA households are using credit for necessities like groceries & food #sabcnews

By Newsbreak Producer Hoosen Ebrahim - Independent non-profit financial organization - FinMark Trust - have concluded a study dubbed the 'Consumer South Africa report'. It shows that over 40% of South African households are using credit or borrowing money for necessities like groceries and food. It also alarmingly concludes two out of five individuals have gone without electricity for the past 12 months. The situation amongst citizens is becoming worse as the world recovers from restrictions imposed during the Covid-19 era. Senior Data and Analytics Specialist at FinMark Trust, Jabulani Khumalo explains what this study means in terms of poverty levels moving into the future...