South Africa is sliding into a household debt trap – and banks must act now

South African households are under growing financial pressure, with many working people relying on debt just to cover everyday essentials like food, electricity and existing loans. As concerns grow over whether the country's banking system is helping people build wealth or trapping them in a cycle of debt, we unpack the issue with the author of this thought-provoking opinion piece. GUEST: Prof Conrad Beyers - Head of the Department of Actuarial Science at the University of Pretoria.