10/06/2026
Rising interest rates, higher fuel prices, increasing electricity costs, and growing household expenses are placing South Africans under immense financial pressure.
National Debt Counselling Association (NDCA) chairperson, René Moonsamy, says these pressures are increasing the financial vulnerability of many consumers, particularly those with home loans, vehicle finance, and personal loans.
Yet despite the challenges, many South Africans still avoid debt counselling because of common myths and misconceptions about the process.
Could debt counselling be the financial lifeline many households need?
Discover the truth behind the biggest debt counselling myths and why experts say seeking help is a responsible step towards financial recovery: https://imalimatters.co.za/financial-squeeze-makes-it-time-to-bust-debt-counselling-myths/