UASA Media Release: 11 February 2026
Statement by Abigail Moyo, spokesperson of the trade union UASA:
The Debt Busters Q4 2025 Debt Index reveals a concerning rise in household debt among South Africans. Although recent interest rate cuts and moderate inflation have provided some relief, workers across all income groups face increasing financial pressure due to unsecured lending, vehicle finance, home loans and easy access to credit from multiple lenders.
Consumers seeking debt counselling now spend more than two-thirds of their income on debt repayments, leaving limited funds for essentials such as food, transport, electricity and education. Unsecured debt – including personal loans, credit cards, store accounts and payday loans – remains a major contributor, with interest rates averaging above 20% per year.
The report notes an increase in borrowing from multiple institutions. While commercial banks provide most consumer credit, unsecured lenders often charge unaffordable interest rates, especially for workers facing cash-flow issues. This borrowing pattern makes it difficult for consumers to track expenses and increases the risk of default, blacklisting and severe financial hardship.
According to, Debt Rescue CEO Neil Roberts, “2025 was one of toughest years yet for South Africans from all walks of life and the escalating cost of living has locked millions of citizens into a debt cycle they have no escape from.”
While in a recent Debt Rescue survey, it was found that 87% of consumers polled currently feel worried, extremely stressed and anxious or completely overwhelmed by their financial situation going into 2026.
Debt stress affects not only personal finances but also workplace performance, mental health and family stability. UASA encourages members to educate themselves about debt and take proactive steps to address financial challenges.
Ignoring debt problems or relying on additional credit often worsens the situation. Structured support can make a significant difference. Through UASA Financial Services (UFS), members can access Debt Rescue for debt review, repayment restructuring and interest rate negotiations. These services can help members achieve greater financial stability.
You are not alone. Debt pressure is a national challenge but with the right information and support, it can be managed. UASA remains committed to providing members with tools, education and professional assistance to protect their financial future.
For assistance with debt review and assistance from Debt Rescue, contact: 0861 123 644 or info@debtrescue.co.za.
For further enquiries or to set up a personal interview, contact Abigail Moyo at 065 170 0162.