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

Debt laden consumers owe R1.73 trillion ALTHOUGH the drop in fuel prices from today will bring some relief to deeply indebted consumers, it will be short-lived, as the value-added tax (VAT) rate is set to see a price hike next month. The Department of Energy announced last week that as from today the price of… Continued

Increase in cryptocurrency investors applying for counselling THE LATEST investment craze is driving thousands to consult debt counselors as they have found themselves in debt in attempts to find riches. Cryptocurrencies like Bitcoin have seen a rapidly growing number of deeply indebted consumers getting themselves into financial trouble. Financial expert and Debt Rescue chief executive,… Continued

MORE than 10 million people in Mzansi struggle with debt, more so our women. Debt Rescue’s internal statistics show that more than 51% of indebted people are women and most of the debt was caused by personal loans (94%), credit cards (84%) and store cards (76%). In the spirit of Women’s Month, SunMoney wants to share advice… Continued

South Africans are drowning in debt despite a slight drop in the number of people being summoned to court for owing money. According to Statistics South Africa, in June this year, Gauteng had the highest number of cases (17 603) followed by KwaZulu-Natal (8 800). However, these are also the provinces with the biggest populations.… Continued

THE fuel price is expected to increase by 83 cents a litre for petrol and 95 cents for diesel in April. The Automobile Association (AA) made the prediction yes­terday, citing the rising oil price and an increase in the fuel levy of 30 cents. “Although the rand/US dol­lar exchange rate has firmed in the rand’s… Continued

Council sticks to Eskom increase The eThekwini Municipality has assured consumers it will limit the electricity tariff hike to the 9.4% increase granted to Eskom. City Treasurer, Krish Kumar has confirmed that, unlike other municipal­ities, eThekwini would not add further increases to the hike approved by the National Energy Regulator of South Africa (Nersa). “We… Continued

“Biggest borrowers in world” ECONOMISTS have urged South Africans to tighten their belts land brace themselves for a rocky year ahead with higher food and fuel prices set to hit pockets hard as the rand continues to wobble. And, rubbing salt in the wound, South Africans have also been warned to ready themselves for an… Continued

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