In case you missed it: R50k earners need 103% for debt | March halts amid AfriForum talks | September fuel hike warning
Catch up on the biggest stories this Tuesday, 18 August 2026, in our simple daily news update.
A report by DebtBusters reveals that South Africans earning R50,000 and above each month need to pay more than their entire salary to cover debt repayments. The Debt Index, released this Tuesday, indicates that individuals who applied for debt counseling needed 64% of their earnings to service their debts, showing only slight improvement from previous quarters.
DebtBusters, a debt management and counseling company, describes the situation as "extremely elevated." Meanwhile, leader Jacinta Ngobese-Zuma of the March and March movement announced that the organization's activities have been suspended while negotiations are ongoing with other groups, including AfriForum.
Written by urgent.news from The Citizen's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
