IOL Properties

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

Here’re the challenges faced by deeply indebted consumers With Eskom more than R420-million in debt and municipalities owing a further R27-billion to the effectively bankrupt state-owned enterprise, deeply indebted consumers in South Africa are going to feel the pain as an increasingly distressed fiscus is trying to stop the wheels from coming off. Efficient Group… Continued

Cape Town – Retailers across the country are bracing themselves for a frenzied rush to their stores on Friday for the so-called Black Friday discount bonanza. Most are unpacking additional stock, hiring extra staff and security in anticipation of a buying mob descending from the early hours. Retailers like Pick ‘n Pay, Shoprite, Checkers, Makro and… Continued

South Africans are urged to tighten their belts or face a tough ride ahead, as the country grapples with the effects of a technical recession. Economist Dawie Roodt said he was certain that most employers will not be increasing salaries, as they will be taking strain themselves. “In fact, some will be forced to retrench… Continued

Durban – Experts predict that whatever relief consumers got from government keeping down the September fuel price increase is going to be wiped out with a whopping R1.20 – to R1.30 per litre increase in October… and yet further increases are expected in November and December. With fuel prices currently at R15.86 a litre, such… Continued

Cape Town – The rise in the cost of living is fast outstripping consumers’ incomes. According to Statistics SA (StatsSA), fuel and the price of meat has increased by 9% compared to last year. Primary and secondary education has increased by 7.7% while books and stationery have gone up by 7.2%. Water and other services… Continued

MORE stiflingly steep petrol prices could be in store for motorists – hit by record-breaking fuel prices today – next month. This was the view of experts, who yesterday predicted more pain for road users in August. Efficient Group economist Dawie Roodt predicted a 25c increase for August, adding that the increase could be greater… Continued

There was mixed reaction to the Western Cape High Court judgment in March scrapping a subsection of the National Credit Act (NCA) that required lenders to obtain documentary proof of income, such as payslips and three months’ bank statements, as part of their affordability assessments. The upshot of the ruling is that credit providers can… Continued

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