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
Do not overspend on panic-buying Debt Rescue CEO Neil Roets has warned consumers not to overspend on panic-buying items amid the outbreak of coronavirus in South Africa. President Cyril Ramaphosa announced a state of national disaster amid the growth in Covid-19 cases over the past two weeks. South Africa had 61 confirmed cases of coronavirus… Continued
Cancellations to hit pockets in showbiz As more and more events get cancelled and postponed, the public is starting to feel the effects of the coronavirus. After President Cyril Ramaphosa’s official declaration of a national disaster, the organisers of a number of major events have announced their cancellations. In light of the banning of large… Continued
Die Covid-19-pandemie is dalk net die spyker in die doodskis van die Suid-Afrikaanse ekonomie wat dit in ’n diep en langdurige resessie kan dompel. Vir skuldbelaaide Suid-Afrikaners hou die beperkende maatreëls wat ingestel is vir die bekamping van Covid-19 niks goeds in nie, waarsku Neil Roets, uitvoerende hoof van die skuldberadingsfirma Debt Rescue. Die ekonoom… Continued
“The average South African is worse off now than five years ago.” Durban – Unemployment is expected to worsen and already cash-strapped consumers will have to dig deeper into their pockets as South Africa’s economy went into a recession for the second time in two years. According to Statistics SA, load shedding was the number… Continued
LISTEN: Petrol and diesel price decreases bring relief to farmers, but for how long? CAPE TOWN – The latest drop in the fuel and diesel prices of 19c and 55c a litre, respectively, as a result of lower oil prices will provide relief for consumers, according to FNB Cash Investments chief executive Himal Parbhoo. Parbhoo… Continued
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