SA's economic trouble | Empowering those in financial distress

JOHANNESBURG - The cost of living remains unacceptably high, leaving poor and low-income families on a financial precipice.

This forces many South Africans to rely on loans, even opting for unregulated lenders.

Educating people about financial literacy has become critical.  

Financial services provider, EasyPay Everywhere, has come up with solutions to assist those who are struggling.

EasyPay Everywhere Executive Head of Sales and Distribution, Simphiwe Phakathi, spoke to eNCA to discuss this further.