Shiburi: South Africans over-indebted 

I use to work in a bank and in debt collection... Banks needs to be more stingy with their loans, or atleast stop loaning such high amounts. How can someone who is struggling save money going to pay u back a loan...? I don't even want to start on how debt review is also adding to this problem. People need to take accountable responsibility their reckless spending.

Sometimes we need to be honest with ourselves. Our behaviour needs to change guys

The anchor must research a bit. One child policy was abolished officially 3 years back in China. Secondly, it's Japan that was the highest savers due to zero to negative interest rates but that economic experiment is not doing well now! In the South African context there are many factors that contribute, e.g. rigid inflation targeting policy, stagnant economic growth leading to limited opportunities and yes poor financial planning by individuals especially high income earners.

They love to impress people who don't give a fk. Some of my colleagues drive expensive German cars but live in a one bedroom shack. And they always begging for money.

These people are living in lalaland of people with decent salaries. Most Southies struggle with basics. The rent. Electricity. Water. Food. School. Tax is high as hell and standard of living is higher.

It is difficult to work around sixty rands or six hundred-million rands in one taxable year as opposed to six hundred or thousand rands because one needs five rands which are scare or heavy.