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SAFTU concerned over increasing debt stress among South African credit holders [SOUND]

# The South African Federation of Trade Unions expresses alarm over the rising debt stress among credit holders in South Africa, particularly impacting middle-class workers. A report by Eighty20 for the fourth quarter reveals that interest rate hikes since November 2021 have exacerbated debt levels. Instalment payments consume 47-percent of income of credit holders, leading to increased default rates across various demographics:

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