Destiny Man

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

Stats SA has revealed that the country’s economy contracted by 0,7% in the first quarter of the year It represents the second conservative contraction quarter-on-quarter and places the South African economy in a technical recession. It follows a GDP decline of 0,3% in the fourth quarter of 2016 and overall economic growth of just 0,3%… Continued

Levels of household debt in Gauteng have escalated over the past two years, the latest Gauteng City-Region Observatory (GCRO) Quality of Life Survey reveals Gauteng residents are finding it harder to save and household consumer debt has risen 10% since 2013, with 40% of survey respondents indicating that they hold some form of debt. “Households… Continued

Eskom could earn nearly R40bn if a 25,3% tariff increase it has requested is approved, according to the supplier’s spokesperson. According to Fin24 the National Energy Regulator of South Africa will meet today to discuss whether to grant Eskom’s request for an electricity price hike from July. Neil Roets, CEO of Debt Rescue, said the… Continued

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