CAPE TOWN – This is the season to be jolly but it’s also the season to fall into a debt trap. Festive season spending fever will go into overdrive with Black Friday this week. While some will be hunting for bargains, many will be plunging themselves into debt by needlessly splurging. One of South Africa’s… Continued
It is highly likely that the latest round of petrol price increases being implemented at midnight will be followed by similar increases in November and December. This is according to independent economist Dawie Roodt who was speaking ahead of petrol going up by R1 a litre, diesel by R1.24 a litre and LPG gas by… 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
The debt counselling industry continues to see a growth in applications, and the current economic situation is a huge factor contributing to the financial distress consumers find themselves in. This is according to Debt Rescue CEO Neil Roets, who said that one of the biggest factors this year so far has been the impact of… Continued
Mid-month unaudited data from the Central Energy Fund (CEF) is predicting the biggest fuel price hike in South Africa’s history by some margin, says the Automobile Association (AA). “A spike in international oil prices and a huge swing in the Rand/US dollar exchange rate have combined to predict a knockout blow at the pumps at… Continued
Data released by the National Credit Regulator (NCR) reveals that more than half of all credit active consumers are at least three months or more in arrears, with South Africans owing over R1,3 trillion in outstanding debt. Adding to this, consumers have also been hit with an economy that is technical recession, a Vat increase… Continued
Die ANC se Kredietwysigingswet – wat banke dwing om die skuld van sommige armes of te skryf – gaan uiteindelik miljoene behoeftiges in die arms van gewetenlose township-milupuideners dryf. Kenners bereken dat char sowat 9,5 miljoen mense in die land is wat minder as R7 500 per maand verdien en ongesekureerde skuld van minder as R50… Continued
As South Africans adjust to living in a country in the midst of a technical recession, the National Credit Regulator (NCR) has urged the public to make use of debt counselling services. In a statement released on Tuesday (11 September), the regulator called on more South Africans to make use of its registered debt counsellors.… 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
Mid-month unaudited data from the Central Energy Fund (CEF) is predicting the biggest fuel price hike in South Africa’s history by some margin, says the Automobile Association (AA). “A spike in international oil prices and a huge swing in the Rand/US dollar exchange rate have combined to predict a knockout blow at the pumps at… Continued
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