Man-House-Money-Air
|

South African Homeowners Face New Financial Pressures

The country’s homeowners are struggling to make ends meet, with many unable to afford their monthly mortgage repayments. The culprit? A perfect storm of rising interest rates, financial Pressures and a soaring cost of living. Since November 2021, interest rates have risen by 475 basis points to a 15-year high, making it increasingly difficult for…