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DUDUZILE RAMELA: Many of us have heard phrases such as ‘in this economy’ when contemplating a purchase, or ‘mampara week’ – that week just before payday, when noodles or eggs are a staple.
This lived reality boils down to the fact that more than 60% of South Africans run out of money before month end, many within the first week. Payday for millions is no longer about getting ahead. It’s about catching up. That’s according to National Debt Advisors.
Dehan Scherman is senior operations manager at National Debt Advisors and joins us now to look at the payday poverty cycle. Thank you very much, Dehan, for your time this morning.
Maybe let’s start with the first…