Know how to budget to manage debt

Interest rate hike another blow for SA

THE Reserve Bank’s announcement of a 50 basis point increase in the ­repo interest rate is another blow to the economy and consumers. Reserve Bank governor Lesetja Kganyago on Thursday cited concerns about rising inflation and the devaluation of the rand as reasons why the repo interest rate was raised to 6,75% from 6,25%. The […]

Consequences of shaming poor South Africans

THE recent antipoor statement by Herman Mashaba, the Democratic Alliance’s (DA’s) Johannesburg mayoral candidate, during an interview on SABC, should not shock us at all. “It is interesting that you can expect poor people to be leaders. That is looking for trouble, in any given situation… The budget of the city of Johannesburg is R40bn […]