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Sebastian Shehadi

Sebastian Shehadi
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Old Mutual Savings & Investment Monitor: South Africans digging deeper into debt to cover living costs

The 2023 report presents a sobering picture of falling consumer confidence in the economy, and South Africans having to resort to polyjobbing to supplement their incomes.

A third of homeowners can t keep up with payments

People are switching to cheaper TV options, shopping at cheaper supermarkets, and cutting down on domestic help – which will put a dent in our employment numbers: John Manyike, Old Mutual.

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