Moody’s rating next month is widely expected to be a downgrade to junk. Consumers must avoid falling into a debt trap “like the plague” as the possible downgrade of South Africa’s credit rating by Moody’s next month could undermine the December petrol decrease and the recent Reserve Bank repo rate reduction, experts said. Efficient Group’s… Continued
The highly controversial debt relief hill has pushed hope into the arms of over-indebted low-income earners and the unemployed. Nevertheless, consumers shouldn’t celebrate too soon. The bill may cause severe consequences for the working class… South African’s have been struggling for a while to keep their heads above water. With rising unemployment rates, the continuous… Continued
Help your employees get out of debt There are currently 25 85 million credit-active South Africans and approximately 40% of them are stinging with debt. And this likely includes your staff Employee financial wellness is a vital part of a company’s success. It helps retain top talent and job performance. With so many consumers struggling… Continued
“Skuld moet dringend verminder.” Dit is Neil Roets, uitvoerende hoof van Debt Rescue, se ernstige waarskuwing aan Suid-Afrikaners nadat die kredietgraderingsagentskap Moody’s Investors Service Vrydag (01/11) besluit het om Suid-Afrika nog een heel laaste kans to gee as ‘n land op beleggingsgraad. Roets se verbruikers met skuld kan dalk saam met die land oor die… Continued
Volgens Debt Rescue moet verbruikers die volgende wenke wat werk gebruik om slaggate vermy: Nie beplan vir die toekoms nie. Een van die grootste foute wat verbruikers maak, is om nie te beplan nie. Jy moet ’n begrotingsplan opstel. Dit sal jou help om ’n prentjie te skets oor waar jy moet sny en hoeveel… Continued
Fiscal deficit: Mboweni may increase taxes Danger of consumers using fuel price decrease as an excuse to start spending. he recent fuel price drop that was favoured by the good performance against the US dollar could be undermined by a tax increase, come from Finance Minister Tito Mboweni’s mid-term budget, and the possibility that ratings… Continued
Privatisation of Eskom vital to restoring the SA economy If the utility struggles to produce power for basic needs, it will leave SA unable to compete in the Fourth Industrial Revolution and the economy in tatters. Eskom’s failure to produce adequate electricity supply could leave South Africa at the bottom of the food chain when… Continued
Cash-strapped consumers will have to fork out even more money as the price of petrol is set to rise by 18 cents a litre this week. The Department of Mineral Resources and Energy announced the price changes on Sunday, stating that the price of 95 (ULP and LRP) will rise by 18 cents a litre… Continued
Hope for the hopeless A new law could see millions of people’s debt in South Africa wiped out – but it’s controversial She rises before the crack of dawn. Travelling long distances from her home in the suburb of Kraaifontein to her jobs in central Cape Town and other parts of the Mother City. Noloyiso… Continued
New debt relief laws to write-off debt South Africa’s new debt relief laws will harm its international standing and may ultimately lead to a further credit downgrade. This is according to Dawie Roodt, chief economist at the Efficient Group, who said that the new legislation will also add to the country’s growing national debt. “We’re… Continued
We look forward to the opportunity to get you debt-free!
