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In The Press


The industry’s top experts offer their best advice, research, how-to’s, and insights

“The measures are too stringent and could bleed the economy to death.” Although some economic activities were resumed under level 4 of the lockdown, this was not enough to save jobs and put food on the table. This was the view of Debt Rescue CEO Neil Roets. Level 4 has seen some businesses such as… Continued

A new poll from McKinsey & Company shows how South Africans have struggled financially during the country’s stringent lockdown period. South Africa moved to Level 4 of the national lockdown on 1 May, with all agriculture, hunting, forestry, fishing and related services – including the export of agricultural products – permitted to operate. This allowed… Continued

Despite a lot of negativity, including Moody’s downgrade last week, homeowners can still make a substantial difference to their bottom line. For instance, you can start making better lifestyle choices to lower your debt, says Adrian Goslett, chief executive of Re/Max of Southern Africa. “Do whatever it takes now because access to finance will become… Continued

Good financial health may be hard to achieve, but it is not impossible, especially if people are taught how to manage their money from a young age. With this in mind, the Consumer Financial Education Foundation (Confef) and Ithala SOC Limited have started teaching schoolchildren how to better manage their finances through a newly-launched financial… Continued

ANC allies: Moody’s ‘heartless, insensitive’ during Covid-19 crisis Opposition parties blame ruling party’s track record of corruption.    The ANC’s allies had some harsh words for sovereign rating agency Moody’s decision to downgrade South Africa’s investment rating to junk status, with the SA Communist Party describing the move as “heartless, insensitive and inconsiderate” in the… Continued

Almost half of 25.1 million credit consumers in SA are behind on payments Impairments by consumers and businesses at the country’s four big commercial banks have increased dramatically – in some categories by more than 70% – compared with the previous reporting period. This is evident from the latest financial results seasons for banks and… Continued

Debt Rescue Urges South Africans to make responsible financial decisions  NATIONAL NEWS – Debt Rescue SA has urged South Africans to make responsible financial decisions even with uncertainty around the COVID-19 global pandemic. Photos and videos have gone viral of South Africans panic buying at grocery shops this week. Thousands cleared shop shelves on Monday… Continued

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