Workers’ Debt and Microlending

Workers On Wednesday  28 November
broadcast on SAfm 104-107 and online, Wednesdays at 10 a.m.

Call in number 089 110 420
Whatsapp voice note number 061 410 4107

 

The cost of living is ever increasing for the majority of people in South Africa while their income at the same time has been in steady decline. Many struggle to cope with paying for food, housing, travel, school-fees and other living expenses. In our reality of widespread poverty, many people turn to borrowing money. Little wonder then that South Africans are ranked as being among the most indebted in the world. They mainly borrow from family and friends, but for many, private informal money-lenders are the easiest and quickest way of obtaining extra cash.

However, this leads many workers into a permanent debt trap, often ending up with nothing at the end of the week or month. What is being done about chronic debt and is there a solution?

GUESTS

  • Dr Dale McKinley - Right2Know

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