Johannesburg, South Africa – In a compelling appearance on Heart FM’s Afternoon Drive Show, Damon Sivitilli, CEO of Vantage Debt Management, shared critical findings from the company’s latest report on the growing debt crisis among young South Africans. The conversation shed light on the alarming rise in debt levels among the youth and the long-term financial risks they face.
Damon Sivitilli discussed key insights from Vantage Debt Management’s comprehensive report, which highlighted the factors driving the debt surge, including rising living costs, easy access to credit, and insufficient financial literacy among younger generations. He emphasised that while the debt issue is growing, it is not insurmountable, and immediate action is necessary to address the crisis before it escalates further.
"The situation is critical," Damon explained. “Half of the South African youth are sinking into debt without fully understanding the consequences. We need to take action now, both through better financial education and more accessible debt management solutions."
During the interview, Damon Sivitilli also emphasised the role of companies like Vantage Debt Management in helping individuals navigate their financial challenges, offering expert advice, and developing customised debt repayment strategies to improve financial stability.
The replay of Damon’s thought-provoking discussion is now available for those who missed the live show. Watch the full interview to learn more about the debt crisis and how we can work together to provide young people with the knowledge and tools they need to build a debt-free future.
WATCH NOW: https://www.facebook.com/share/v/16TQLfmzV8/
Join the Conversation:
What are your thoughts on the rising debt crisis among young people in South Africa? How can we better equip the next generation to manage their finances? Share your insights and join the discussion below.

Also, visit their website to understand more about their services. https://www.vantagedebtmanagement.co.za/




About Vantage Debt Management
Vantage Debt Management is a leading provider of debt counselling services in South Africa, dedicated to helping individuals navigate their way out of debt and towards financial freedom. Operating under the regulations of the National Credit Act, the company ensures that its clients receive fair treatment, expert guidance, and personalised debt repayment plans. With years of experience, Vantage Debt Management offers tailored solutions that empower individuals to regain control of their finances and build a more secure future.
Contact: Vantage Debt Management
Tel: 087 238 2749
Email: [email protected]
Website: www.vantagedebtmanagement.co.za