Finance · South Africa
Cape Town homeowners face rate hikes as SA debt crisis deepens
Moneyweb · 2026/01/29
Summary
Nearly one million homeowners in Cape Town are facing higher property rates as the window to object to these increases has now opened. This could mean bigger monthly expenses for many families and landlords in the city. Meanwhile, South Africa continues to grapple with a growing debt crisis, which affects the entire economy and may lead to more financial pressure on both individuals and businesses. On the business front, providing on-site medical services is becoming an advantage, helping employers attract and keep workers in a competitive market. These stories highlight how financial challenges and new strategies are shaping the economic landscape in South Africa right now.
OnABudget takeaway: Higher rates mean homeowners must plan for increased monthly costs, while businesses should consider on-site health services to stay competitive. Understanding and managing debt remains crucial for everyone.