Fast Moving

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

Cape Town – The tough ruling against Lewis Stores is a clear warning that illegal practices in the credit industry will not be tolerated, according to Debt Rescue CEO Neil Roets.  The National Credit Regulator (NCR) found Lewis Stores guilty of infringing the National Credit Act (NCA), relating to credit insurance and disability cover sold […]

Rather than helping consumers, the debt forgiveness programme being mooted by government will plunge consumers deeper into debt in the long term, according to a leading economist. The National Credit Regulator (NCR) briefed Parliament’s Standing Committee on Trade and Industry on Tuesday morning about the state of South Africa’s credit market and its financial performance, […]

The rand broke through a psychological level of R16 versus the dollar in morning trade on Wednesday (16 March) amid concerns that Pravin Gordhan’s job may be in jeopardy. At 10h10, the rand traded at R16.11 – down 1.25%, having lost 3% on Tuesday against the dollar. It traded at R22.68 versus the pound (down […]

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