Seems like South Africans are indeed tightening the belts!

Cash-strapped SA partying less
Jul 1 2008 11:41AM
Johannesburg - South Africans are cutting down on having fun in order to save money, according to research released on Tuesday.

Almost 40% of visitors to the website www.justmoney.co.za who took part in a poll sacrificed nights on the town in an attempt to save money, said managing director of the website Paul Beadle. The website also found that one in 10 people were making bigger sacrifices such as selling major items like cars to make ends meet.

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"South Africans must realise that the only way they can get straight financially is to stop taking out credit every time they want something, but do not have the money to pay for it outright in cash."

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"They usually have to make some hard choices to stave off bankruptcy, and this often means selling items like TVs or audio equipment, sometimes their cars, or at worse their homes."

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