Founder and CEO of DEW Movement Nolubabalo Salem Nyati with over 15 years financial services experience.

• DebtBusters’s most recent quarterly Debt Index found that people applying for debt counselling with take-home pay of over R20,000 per month spend 60% of their monthly net income servicing debt.
• Their total debt-to-income ratio is over 130%.
• While in other countries the total debt-to-income ratio is similar, most of the debt in other countries is low-interest bond debt.
• in South Africa, most of the debt is high-interest unsecured debt.
• As of July, consumers are paying:
• Between 13.48% and 14.59% for electricity. This follows Eskom’s 15% tariff hike that happened in April.
• 4.3% more for refuse services, 2% more for property rates and 6.8% more for water and sanitation in Johannesburg.
• A water demand management levy of R28.32 has also been added per calendar month per residence that has its own meter.
• 4.5% average increase in rates, 5% increase for water and sanitation and 3.5% for refuse removal in Cape Town; and
• 4.9% for property rates, 4.9% for refuse and 8.5% for water and sanitation in Durban.