With Eskom more that R420-million in debt and municipalities owing a further R27-billion to the effectively bankrupt state-owned enterprise, deeply indebted consumers in South Africa are going to feel the pain as an increasingly distressed fiscus is trying to stop the wheels coming off. Efficient Group chief economist Dawie Roodt warned that there was a… Continued
Here’re the challenges faced by deeply indebted consumers With Eskom more than R420-million in debt and municipalities owing a further R27-billion to the effectively bankrupt state-owned enterprise, deeply indebted consumers in South Africa are going to feel the pain as an increasingly distressed fiscus is trying to stop the wheels from coming off. Efficient Group… Continued
Prescribed debt Debt expert Neil Roets answers question about prescribed debt posted on Fin24. Read the question and answer below. Question “Who do I contact to remove prescribed debt? The credit bureaus, a lawyer or the creditor themselves? Expert answer Afternoon, Thank you for affording me the opportunity to assist with your question. You’re faced… Continued
Hanlie Stadler – Selfs al daal die petrolprys vandag met ’n stewige R1,23 per liter (en diesel met R1,55), gaan 2019 allermins ’n maklike jaar vir verbruikers wees. Stygende kospryse en algemene inflasie, stygende werkloosheid en bes moontlik ook ’n styging in die rentekoers sal die druk op verbruikers volhou. Heelparty uitgawes word ook in… Continued
Suid-Afrika het meer as 25 miljoen krediet-aktiewe verbruikers en die totale aantal uitstaande skuld van verbruikers is ongeveer R1,8 miljard. Dit is volgens statistiek van die skuldberadingsmaatskappy Debt Rescue. Neil Roets, Debt Rescue se bestuurshoof, sê die groei in krediet is kommerwekkend omdat al hoe meer Suid-Afrikaners in ʼn skuldstrik vasgevang word. Hy wys daarop dat… Continued
Another fuel price drop may only be a temporary reprieve. The country may start the new year positively with a fuel price decrease scheduled for tomorrow, but a tough year is awaiting South Africans, with a series of price hikes that may send the economy into a tailspin. Investors will not jump to invest after… Continued
Consumers can buy basic school uniform for under R100. This includes a shirt, shorts/skirt, a pair of socks and a pair of shoes at selected stores. Photo: Motshwari Mofokeng/African News Agency (ANA). JOHANNESBURG – One of South Africa’s leading retailers, Shoprite, is easing the burden of rising education costs by offering its customers a basic… Continued
Over-indebted consumers struggling to make ends meet Overspending over Black Friday, Cyber Monday and the Christmas holidays will have “severely negative consequences” for over-indebted consumers, a debt counselling expert has said. Acknowledging the brief relief brought from the decrease in fuel prices in December and now January, CEO of Debt Rescue Neil Roets also pointed… Continued
Dawie Roodt, chief economist at the Efficient Group, believes that there is little reason to be optimistic now that South Africa is no longer in a technical recession. Statistics South Africa revealed on Tuesday (4 November) that the country’s economy expanded by 2.2% in the third quarter – effectively ending the country’s negative growth trajectory.… Continued
Consumers warned to spend wisely in wake of fuel price drop Stats SA on Tuesday announced a 2.2% increase in the third quarter Gross Domestic Product. JOHANNESBURG- As South Africans welcome the news of a growing economy and a lower petrol price, consumers are being warned against using money they don’t have. Stats SA on Tuesday… Continued
Oprah Winfrey: 3 Personality Traits That Can Help You
We all work hard for our monthly salaries, and in light of recent interest hikes and looming fuel an...
Valentine’s Day – 5 Ways to Stop Cupid’s Arrow fr...
Valentine’s Day puts a lot of pressure on us. From pricey dinners, a dozen roses to expensive gifts...
Financial Self-Sabotage: Is Money Influencing Your Heal...
Stress… the biggest health risk of our times. And for many of us South Africans, that stress is...
How long is SARS going to make me wait?
If you have not submitted your tax return yet, you need to do so soon. 16 October 2017 is the last d...
Good Old South African Milk Tart Recipe
Did you know, today is National Milk Tart Day in South Africa?
We look forward to the opportunity to get you debt-free!
