Finance Feature: Why car ownership is pushing more South Africans into debt

Kgomotso Modise, standing in for Relebogile Mabotja, speaks to Wynand van Vuuren, Client Experience Partner at King Price Insurance, about the rising cost of car ownership in South Africa. For many South Africans, owning a car is no longer just about convenience it has become one of the biggest financial commitments households face. With vehicle prices increasing, interest rates remaining high, and fuel and insurance costs continuing to climb, the total cost of owning a car is escalating rapidly. They unpack what’s driving these costs and what it means for motorists.

See omnystudio.com/listener for privacy information.