Consumers urged to budget for more tough times

South Africans are urged to tighten their belts or face a tough ride ahead, as the country grapples with the effects of a technical recession. Economist Dawie Roodt said he was certain that most employers will not be increasing salaries, as they will be taking strain themselves. “In fact, some will be forced to retrench […]

Expenses struggling South Africans cut out

The debt counselling industry continues to see a growth in applications, and the current economic situation is a huge factor contributing to the financial distress consumers find themselves in. This is according to Debt Rescue CEO Neil Roets, who said that one of the biggest factors this year so far has been the impact of […]

Expect the biggest fuel price hike in South Africa’s history next month: AA

Mid-month unaudited data from the Central Energy Fund (CEF) is predicting the biggest fuel price hike in South Africa’s history by some margin, says the Automobile Association (AA). “A spike in international oil prices and a huge swing in the Rand/US dollar exchange rate have combined to predict a knockout blow at the pumps at […]

3 Things South Africans are cutting

Data released by the National Credit Regulator (NCR) reveals that more than half of all credit active consumers are at least three months or more in arrears, with South Africans owing over R1,3 trillion in outstanding debt. Adding to this, consumers have also been hit with an economy that is technical recession, a Vat increase […]

Kredietwet sal armes na woekeraars lei

Die ANC se Kredietwysigingswet – wat banke dwing om die skuld van sommige armes of te skryf – gaan uiteindelik miljoene behoeftiges in die arms van gewetenlose township-milupuideners dryf. Kenners bereken dat char sowat 9,5 miljoen mense in die land is wat minder as R7 500 per maand verdien en ongesekureerde skuld van minder as R50 […]