AGBIZ: FUEL PRICE HIKE TO OFFSET FOOD PRICE DECREASES
The Agricultural Business Chamber (Agbiz) says the overall food inflation rate will still be lower this year compared to 2016.
CAPE TOWN – The Agricultural Business Chamber says next month’s expected fuel hike will offset some of the decreases in food prices over …Read More
DEBT RESCUE BLAMES ZUMA FOR CREDIT RATING DOWNGRADE
Debt Rescue says Jacob Zuma disregarded about 10 million South Africans who are over indebted.
CAPE TOWN – Debt Rescue says President Jacob Zuma failed to keep in mind those who are struggling financially when he made his Cabinet reshuffle.
The organisation has blamed …Read More
‘GOVT SHOULD HELP CONSUMERS LEARN HOW TO SPEND WISELY’
Debt Rescue says the government should help consumers learn how to spend their money wisely.
JOHANNESBURG – Debt Rescue has said that the government should step in, in helping consumers learn how to spend their money wisely.
This comes after reports from Focus Economics …Read More
DEBT RESCUE WARNS OF EVEN TOUGHER 2017
CEO Neil Roets says 2016 has been a hard year for most consumers, but 2017 will more than likely see even more people going into debt.
JOHANNESBURG – Debt Rescue has warned South Africans are in for more troubled economic times in 2017.
It …Read More
South Africans warned to stop trying to ‘Keep up with Joneses’
Experts have raised concern about consumer credit spending in South Africa.
JOHANNESBURG – A debt recovery agency has raised concerns about consumer spending habits, following research by Absa’s card analytics team that suggests South Africans are borrowing more money instead of cutting back …Read More
Consumers warned of major food & fuel price hikes
JOHANNESBURG – South African consumers have been urged to budget strictly and prepare for a major hike in food prices and another petrol price increase with the country still in the grips of a crippling drought.
Economists are predicting at least a 50 …Read More
Mall of Africa opens as SA economic outlook sours
JOHANNESBURG – Thousands of shoppers queued on Thursday at the opening of one of the largest malls in South Africa, set in middle-class suburbia between Johannesburg and Pretoria.
The Mall of Africa will house over 300 shops, including global brands such as Inditex’s …Read More
South Africans urged to stay out of debt
NATIONAL NEWS – South Africans have been urged to start budgeting, with Debt Rescue saying about 50 percent of consumers are already about three months behind in their repayments of at least one account.
Interest rates have increased, food prices are going up …Read More
‘Up to 500k matriculants could join dreaded unemployment pool’
CAPE TOWN – Some economists have warned matriculants who fail to get into higher education institutions may struggle to find jobs.
The country’s difficult economic climate won’t make it easy for school-leavers to find employment.
The national matric pass rate for 2015 will be …Read More
Consumers warned to tighten belts ahead of stormy economic climate
Economists say many people started the New Year in debt and must save as much money as possible.
With economists predicting a tough economic climate for 2016, South Africans have been urged to tighten their belts, even further and try to save as …Read More