Consumers urged to curb unnecessary spending as economy reopens - DebtBusters
DebtBusters is warning South African consumers not to fall into unnecessary spending habits as the economy slowly reopens.
The organisation's chief operating officer Benay Sager tells Bongani Bingwa that even though consumers can spend money now, no one knows what the future holds thus people need to limit their spending.
We see that people have had no increase in their salaries over the last several years therefore we believe that is going to be the case for the rest of this year. As a result we are warning consumers not to get themselves into further trouble as they are going to need the cash that they have now in a few months time.Benay Sager, COO - DebtBusters
He says as there is a lot of uncertainty in job security, he is cautioning consumers not to get into further debt.
Listen below to the full conversation:
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