Cape Town - The year 2016 holds a dire outlook for consumers, debt experts warned on Monday.

Referring to building cost pressures on severely strained consumers, DebtSafe MD Wikus Olivier told Fin24 their only means of survival will be to adopt and cultivate a simpler lifestyle.

Over and above the usual factors that impact consumers’ pockets, such as the fuel and electricity price hikes, South Africa is experiencing a severe drought which is adding to food price pressures, said Debt Rescue CE...


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