Recommendations by the Department of Trade and Industry (DTI) that the National Credit Act be amended to allow the minister to prescribe debt relief measures (debt forgiveness) to over-indebted households poses a major threat to the finance sector.
In a discussion document presented …Read More
HUMOUR, hard work and toughness are the traits of South Africans in hard times. They helped us through 2016. Water restrictions. President Jacob Zuma’s ill-advised pandering to the Gupta family, racist online posts, the FeesMustFall campaigns and the attempts by business, labour …Read More
Durban – Retailers are ratcheting up their marketing campaigns while shoppers prepare to shop like there’s no tomorrow – on Black Friday.
But consumers have been warned not to fall casualty to the discount war and, in the hysteria, get stuck with goods …Read More
Cape Town – From midnight, consumers will pay more for fuel and should brace themselves for further increases including meat prices by the end of the year, say experts.
The price of petrol will increase by 44 cents a litre and diesel by …Read More
Durban – The increase in the price of crude oil and the knock the rand took after the spat involving Finance Minister Pravin Gordhan is responsible for the petrol price increase next week.
According to Neil Roets, head of Debt Rescue, one of …Read More
Judgment to benefit the poor
THE CONSTITUTIONAL Court judgment on garnishee orders was likely to reduce the risk appetite of lenders and could see “risky” individuals struggle to obtain finance, Fincheck chief executive, Michael Bowren said yesterday
On Tuesday the court ruled that …Read More
Cape Town – There are thousands of debt collectors and attorneys demanding and collecting money from people even though the amount owed is prescribed.
Debt Counsellors Association of SA (DCASA) president Paul Slot said yesterday in terms of the Credit Act, creditors cannot …Read More
DESPITE the practice being outlawed, reckless lending continues unabated – so much so that the National Consumer Tribunal (NCT) has received double the number of complaints.
The tribunal dealt with 9 589 cases in 2014/15 and in the 2015/16 financial year this figure …Read More
South Africans should prepare themselves for the biggest price hike in the cost of red meat later this year as inflation and the drought take their toll, warn experts.
Although red meat prices are stable at the moment, consumers should prepare for double-digit …Read More
SOUTH AFRICANS are R1.64 trillion in debt and finding it very hard to get out of the trap.
People aged between 31 and 45 collectively owe 53 percent of all outstanding debt. Most of the debt is for personal loans, less than a …Read More