Study: SA consumers under deep financial pressure

The cost of living crisis in South Africa continues to see consumers make tough financial decisions. According to a Wonga survey, this includes a cut back on food and groceries as medical aid, insurance and home security take priority. It has also emerged that credit card and loan repayments are spiraling while savings or retirement planning suffers. Wonga marketing head James Williams has more.
Tune into Newzroom Afrika DStv channel 405 for more.