Throughout this year, South Africans have been deeply affected by the pandemic and the decisions made by the government and employers in the country. The Covid-19 pandemic forced countries all around the world to take important measures regarding their economies in an attempt to diminish the impact of the crisis.
Due to the national lockdown, which was a popular measure among many counties’ administrations, the rate of unemployment rose enormously. Many different economic sectors were affected like the manufacturing industry, the construction business, tourism and trade, among many others. In the same guise, a great numbers of business had to close their doors, hard lockdown had let them into bankruptcy.
It is worth mentioning that the economic crisis has not been the only one citizens have had to face. Social, emotional educational and health crises are also part of the hardships that people have had to endure. This has made it harder to make important decisions as regards personal household’s budgets. Many South Africans are in need of financial help to be able to make ends meet and to continue providing for their families.
Despite the measures taken by the South African government, more people are burdened with debt than before, if we compare this same period in 2020 and 2019.
In April, banks offered citizens payment holidays, which were supposed to bring relief to the population. People all over the country were trying to find a way to encounter economic relief until all the commercial and industrial activities were back to work. The payments became very popular. However, the well-known payment holidays only led to more debts and more uncertainty, increasing the money people owed.
Moreover, the Covid-19 pandemic proved effective in further showing the social and economic differences in every country, South Africa has not been an exception. Middle class workers have been deeply affected, and among them mostly women and young people who were just entering the labor force. The poorest workers were affected even worse.
It is most surprising is that, now, recent reports and analyses on the effects of hard lockdowns have shown that this method is not as effective as leaders had thought it to be, as the main measure to be taken to slow down the number of infected people.
In this picture, at some point, applying for a loan had become the name of the game in the country. Even though many women and young people, which were the majority of the people affected by the crisis, had not had access to credits there are new possibilities now to get a credit while the crisis continues to spread. This gives a breathing space, which is very much needed, to the most affected sectors of the economy.
Nowadays, in a pursuit of finding solutions once again, there are chances to get debt reductions for those who had run up (mostly huge) debts, and new opportunities for those who couldn’t get a loan which would help them before.
According to the South African National Credit Act of the year 2005, South African citizens are protected by a law which seeks a “fair and non-discriminatory marketplace for access to consumer credit and for that purpose to provide for the general regulation of consumer credit and improved standards of consumer information”.
This leaves us thinking that relief will come, that the populations will improve their economic positions and that there is protection to be able to get out of the unceasing crippling debts.
71 Comments
Riley would love this!
December 12, 2019 at 6:45 amMy Son, would absolutely love this. He loves cars, I prefer buying him Hot Wheels as they are built to last. My Brother still has his Hot Wheels from when he was a kid.
December 12, 2019 at 6:46 amThis is amazing!
December 12, 2019 at 6:47 amMy 10 year old Aaron still loves playing with his hot wheels cars – this would be a winner for his birthday early Jan
December 12, 2019 at 6:48 amAwesome. I would love to win this
December 12, 2019 at 6:49 amMy little boy would love this. Thank you for the amazing reviews. Ayesha Cassim
December 12, 2019 at 6:49 amThis would be awesome for Austin
December 12, 2019 at 6:49 amMy son would love this!
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December 12, 2019 at 6:52 amAWESOME
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December 12, 2019 at 6:54 amI would love to win this for my son then he would have a Christmas gift from me.
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December 12, 2019 at 6:54 amI’d love to win this for my children!
December 12, 2019 at 6:54 amMy son is a Hot Wheels 🔥fanatic. He collects all kinds of Hot Wheels cars. He will absolutely love it, if I won this for him.
December 12, 2019 at 7:03 amMy cousin would love to win this amazing giveaway 😍😍
December 12, 2019 at 6:55 amI can see my sons smile already if he gets this.
December 12, 2019 at 6:57 amAwesome would love to win this for my nephew 🤞
December 12, 2019 at 6:57 amMy son would love this
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December 12, 2019 at 6:58 amMy son will be over the moon winning this prize …Hot Wheels for Holidays
December 12, 2019 at 6:59 amMy boys will love this.
December 12, 2019 at 7:01 amWould love to win this for my granddaughter. She does not play with dolls and fluffy toys only but also cars.
December 12, 2019 at 7:02 amMy son is a Hot 🔥 Wheels fanatic. He collects all his favourite cars. He would absolutely love it, if I could win this for him.
December 12, 2019 at 7:06 amThis would be so cool for my son Leano
December 12, 2019 at 7:10 amOmg my son is the BIGGEST hotwheels fan – he would LOVE this:)
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December 12, 2019 at 7:13 amSo cooooool! Hours and hours of fun right there.
December 12, 2019 at 7:20 ammy son would love this
December 12, 2019 at 7:34 amI have been collecting Hot wheels for my son since he was born. He is now 11 and has so many cars. This would be a great addition to his collection 🚙
December 12, 2019 at 7:40 amWow my toddler is obsessed with hot wheels!!!
December 12, 2019 at 7:41 amWhat a super prize. Would love to win this for my nephew. ..he loves cars …just like his aunty who’s entering this competition.
December 12, 2019 at 7:43 amMy son is all about hot wheels. this would just make his festive season
December 12, 2019 at 7:44 amAnother great giveaway! My boy would love this
December 12, 2019 at 8:21 amMy son would enjoy playing with this truck
December 12, 2019 at 8:22 amLove Hotwheels
December 12, 2019 at 8:34 amHotwheels are the best
December 12, 2019 at 8:37 amMy grandson’s favourite toys.. hotwheels
December 12, 2019 at 8:59 amMy 6 year old boy would love this! Fingers crossed 😊
December 12, 2019 at 9:08 amThis would make for the most perfect Christmas present for boys
December 12, 2019 at 9:19 amOooh…my little man would lurrrrrve one of these!
December 12, 2019 at 9:46 amMy little boy loves Hot Wheels 🚘 he definitely will love this Rodger Dodger 🤞
December 12, 2019 at 10:08 amMy little man loves cars, and this would make such an awesome gift.. he would be sooo stoked.
December 12, 2019 at 10:20 amI have 3 boys so this would be a dream come true..
December 12, 2019 at 10:25 amHot wheels are cool.
December 12, 2019 at 10:41 amAmazing prize and just in time for christmas!!!
December 12, 2019 at 11:41 amLovely prize
December 12, 2019 at 11:43 amMy 6 year old is a Remote Control car fanatic and I know he will love this Hot Wheels Remote Control car.
December 12, 2019 at 12:06 pmIf mama had the moola I would buy him 2 for Christmas. So fingers crossed we win this one
This would be an amazing win for my 4 year old nephew that will be visiting over Christmas.
December 12, 2019 at 2:39 pmMy grandson would love, love this hotwheels. Fingers crossed tightly for him.
December 12, 2019 at 6:14 pmPerfect Gift for my nephew’s first Christmas <3
December 12, 2019 at 6:20 pmWow my 6 year old would love this!
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December 12, 2019 at 7:29 pmMy son would love love love this
December 12, 2019 at 7:40 pmWow would love winning this for my son birthday 31 December 🙂 he would be so happy … Fingers crossed
December 12, 2019 at 9:39 pmWow what an awesome prize, would love to win this for my son
December 13, 2019 at 5:56 amMy son is the biggest hot wheels fan. He’d love this
December 13, 2019 at 6:43 amMy boys would a absolutely love this !!!!
December 13, 2019 at 7:06 amAw My son Phoenix would love this. He is obsessed with hotwheels!
December 13, 2019 at 8:20 amJackson would kill for this!
December 13, 2019 at 10:10 amWould love this for my child! This is a awesome gift.
December 13, 2019 at 10:23 amWow would love to win !
December 13, 2019 at 4:03 pmI have 4 grandsons who would love this
December 14, 2019 at 6:17 amHot wheels are such an amazing brand. My son, Liam, spends hours everyday building tracks and racing. Definitely good idea for gifts for little boys 🚙
December 14, 2019 at 7:36 amwould love to win for my niece!
December 14, 2019 at 9:44 amthis will be a great surprise for my granddaughter!
December 14, 2019 at 9:45 amThanks for this great prize!
December 14, 2019 at 9:46 amWould love to win the Hot Wheels Remote Control Rodger Dodger for my son
December 17, 2019 at 7:31 amLooks like fun, my youngest grandson would love this. Good luck everyone.
December 17, 2019 at 10:58 amGREAT
December 18, 2019 at 3:07 pmAwesome, Awesome prize!
December 30, 2019 at 11:19 am