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About 25 million adults in South Africa have incurred some form of debt, a situation that has continued to grow in recent years. Millions of South Africans are now under severe financial strain, with the cost-of-living crisis, unemployment rates climbing, and economic growth sluggish. With debt becoming a universal issue, you should explore ways to take control of your finances.

South Africans have been accused of having a debt addiction. Far too many of us have tiny incomes compared to our massive expenditures and the only way that happens is through the use of credit facilities. But there are two sides to credit, it can help us or hurt us depending on how we use it.

We discuss the importance of budgeting, saving and managing your debt.

South Africa's new Two-Pot Retirement System introduces flexible savings options along with significant tax implications, learn practical tips to protect your retirement fund