Borrowing money isn’t always a bad thing – debt can be a sensible way to build wealth

In South Africa, a person earning R20,000 a month commits on average 63% of their salary to repaying unsecured debt – such as credit cards, personal loans, overdrafts or “buy now, pay later” facilities

Bomikazi Zeka- Assistant Professor in Finance and Financial Planning , University of Canberra·over 1 year ago