Debt Rescue COO, Annaline van der Poel, shares her thoughts on the recent 25 basis point interest rate cut, questioning whether it will truly make a difference for struggling South African consumers.
Severe Financial Challenges
While the reduction brings some relief, van der Poel points out that many households are still facing severe financial challenges, especially when it comes to basic necessities like food. According to her, the cut is welcome, but it’s far from the solution that debt-laden consumers need right now.
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