The New Age

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

They’re unscrupulous, dishing out loans to blacklisted consumers with no affordability checks and exorbitant interest THE National Credit Regulator (NCR) will beef up the fight against unscru­pulous loan sharks who are dishing out loans to blacklisted consumers without doing any affordability checks and charging exorbitant interest rates. These illegal loans inevitably drive desperate consumers deeper… Continued

South Africans seek to manage finances MORE South Africans are seeking debt counselling to turn around their finances, according to experts. Paul Slot, president of the Debt Coun­sellors Association of South Africa said they had noted an increase in debt counselling applications. It is estimated 260 000 people are under debt review. “We have seen… Continued

Legal action against Finance Minister Pravin Gordhan may lead to disastrous consequences for South Africa, said Debt Rescue CEO Neil Roets. Legal action against Finance Minister Pravin Gordhan may lead to disastrous consequences for South Africa, said Debt Rescue CEO Neil Roets. Downgrades by all three ratings agencies before the end of 2016 and a… Continued

The decision to drag Finance Minister Pravin Gordhan to court will have directly impact on the poorest of the poor and on the millions of deeply indebted South Africans consumers‚ according to Neil Roets‚ CEO of debt management company Debt Rescue. He said the fact that the government had decided to go ahead with legal… Continued

From today, 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 22 cents. Gwarega Mangozhe, chief executive at the Consumer Goods Council of SA, says the… Continued

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