The price to pay for love

Cape Town - Valentine’s Day may be about chocolates, flowers and love, but one has to wonder how many couples can afford the costs associated with love, cautions Wendy Monkley, head of marketing at DebtBusters.

The Consumer Bureau Monitor Report (CBM), released by the National Credit Regulator (NCR), indicates that 54% of credit active consumers in South Africa are struggling to meet their debt repayments.

“So far 2016 is already proving to be a testing time for the average consumer. Food prices have begun to rise as a result of the drought, electricity increases are eminent and debt repayments have increased as a knock on effect of the repo rate hike in January," said Monkley.