Consumers will be digging deep into their pockets for petrol and electricity as prices soar to their highest in spite of household income being impacted by the Covid-19 pandemic. The petrol price breaches the R17 mark today for the first time since late 2018, following hikes of 95 cents and R1 per litre for 93… Continued
‘WHILE Experian South Africa found that the rate of first-time consumercredit defaults improved in quarter four (Q4) of last year, consumer debthas increased to R1.81 trillion. Experians Consumer Default Index (CDI) for the last quarter showed animprovement, down from 4.68 in September 2020 to 4.07 in December2020. The index tracks the marginal default rate as… Continued
The merry-go-round of money is something every South African understands. Whether you’re a high-end earner living in Joburg’s Northern Suburbs or a middle-class South African making do on an average salary for a respectable job, money always matters. And if you’re a woman, this is especially true. Expected to take care of the children, as… Continued
The second wave of Covid-19 is likely to undermine the inroads South African consumers have made into reducing their debt. This positive trend was bolstered by the broad uptake of DebiCheck, the secure debit-order payment system introduced by the Payments Association of South Africa in November 2019, which ensures consumers can’t wriggle out of their… Continued
The second wave of Covid-19 is likely to undermine inroads South African consumers have made into reducing their debt. This positive trend was bolstered by the broad uptake of DebiCheck, the secure debit-order payment system introduced by the Payments Association of South Africa in November 2019, which ensures consumers can’t wriggle out of their debit-order… Continued
Cape Town – South Africa’s already cash-strapped consumers will have to dig deeper into their pockets as petrol, diesel and illuminating paraffin are set to increase in price and experts have warned that the hikes foreshadow further shocks to the economy in the months to come. On Monday, Mineral Resources and Energy Minister Gwede Mantashe… Continued
CASH-Strapped consumers will have to dig deeper into their packets with the rise in petrol, diesel, and illuminating paraffin prices, and experts have warned that the hikes foreshadow further shocks to the economy
At least 85 percent of all South Africans need help either financially, emotionally or both as a result of the Covid-19 pandemic, according to a recent survey by Debt Rescue. The study found that a further 55 percent required financial assistance but had no access to credit and an additional 96 percent were stressed about… Continued
Payment holidays offered during the April-to-June period 2020 are set to cost South Africans an extra R20.7 billion in debt for the estimated 1.6 million consumers who participated. When the country went into a national lockdown in March, no one fully comprehended the deep, complex and devastatingly profound consequences it would hold for individuals and… Continued
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