In The Press


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

Pick n Pay has approved over R1 billion in credit to some 56,000 account holders since the launch of its store account in September last year. The retailer worked with RCS to design the account to be “the most affordable form of credit” – a monthly account where no interest is charged if the balance… Continued

NEWSWATCH: The month of July will reportedly see a significant drop in fuel prices with independent economist Dawie Roodt expecting the price of petrol to decline by between 60 and 64 cents a litre, and diesel by about 60 cents a litre. According to a report on IOL, this is due to the international oil… Continued

The year 2016 holds a dire outlook for consumers, debt experts warned. Referring to building cost pressures on severely strained consumers, DebtSafe MD Wikus Olivier told Fin24 their only means of survival will be to adopt and cultivate a simpler lifestyle. Over and above the usual factors that impact consumers’ pockets, such as the fuel… Continued

The year 2016 holds a dire outlook for consumers, debt experts warn. Referring to building cost pressures on severely strained consumers, DebtSafe MD Wikus Olivier told Fin24 their only means of survival will be to adopt and cultivate a simpler lifestyle. Over and above the usual factors that impact consumers’ pockets, such as the fuel… Continued

The credit amnesty, granted to deeply indebted consumers with adverse credit records in April 2014, appears to have failed, as rapidly escalating numbers of adverse listings pile up. Kirsten Halcrow, the CEO of EMPS, the oldest background screening company in South Africa said there had been a substantial increase in the number of negative listings… Continued

Deeply indebted consumers must prepare for yet more pain after the Reserve Bank decided to increase the repo rate by 25 basis points, pegging the rate at 6%… Neil Roets, CEO of one of the largest debt-counselling companies in South Africa, Debt Rescue, said the increase comes at a time when electricity tariffs and the… Continued

Amendments to the National Credit Act (NCA), gazetted on Friday 13 March 2015, will make it impossible for unscrupulous debt collectors to collect debt that has prescribed (expired). The changes to the act means that if a consumer had not acknowledged a debt for more than three consecutive years, either verbally or in writing, the… Continued

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