“The kids of today” is often said with a sigh – but perhaps it’s time to rethink that. According to Sanlam’s 2025 Credit Confidence Index, Gen Z’s appetite for early credit education puts it ahead of Millennials and Gen X, and they may be the generation to help rewrite South Africa’s credit story.
Right now, that story reads more like a financial horror. DebtBusters’ Q1 2025 Debt Index shows a record number of South Africans relying on personal and payday loans to get by. The debt management and counselling company’s executive head, Benay Sager, says personal loans have become a lifeline as incomes fail to keep pace with soaring living costs – particularly electricity and fuel.
Despite inflation easing, the…