Why debt is a black hole
Sino Booi, Product Development Lead at Momentum Savings, looks at the science. A black hole is a region of space where gravity is so extreme
Sino Booi, Product Development Lead at Momentum Savings, looks at the science. A black hole is a region of space where gravity is so extreme
The world can be threatening and uncertain for people with high levels of debt, as they feel trapped and the future is unsure. The resulting
South Africa recorded 1,534 closures in 2025 – down 1.1% from the 1,551 closures in 2024. One in four liquidations are due to unpaid debt; 80%
South Africans have faced a challenging year dealing with sluggish economic growth, limited consumer spending power, and unprecedented hikes in fuel prices that disrupt daily
Debt consolidation allows consumers to consolidate their debt held with various credit providers into one manageable debt that they can pay off. Debt consolidation can
Managing personal finances can often be overwhelming, especially when faced with mounting debts and financial obligations. In such situations, seeking the right solution to alleviate