In The Press

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

The price of petrol has increased by 28 paise per litre while the price of diesel has gone down 6 paise per litre in Delhi effective from midnight. Petrol will now cost Rs 64.58 a litre in the national capital, with the same amount of diesel costing Rs 52.51. The department said the rand had… Continued

There used to be a time when an employer could offer a skilled employee a monthly remuneration package totalling, for example, R1 2 000 that could consist of only R2 000 in salary, from which PAYE was deducted, and a R10 000 car allowance with which he or she could do what they liked, like… Continued

Debt Rescue say people are indebted for failing to have a proper budget and live within their means. South Africans are showing an improvement in way they handle their finances, says Stats SA. According to statistics released recently, less South Africans were battling to pay their debt. Statistician General Pali Lehohla said the number of… Continued

THE guilty verdict against Lewis Stores for infringing the National Credit Act by the National Credit Regulator (NCR) was just the tip of the iceberg and many more listed and privately-held entities extending loans were guilty of these practices. Neil Roets, CEO of one of the lar­gest credit management corporates in South Africa, said the… Continued

Cape Town – The tough ruling against Lewis Stores is a clear warning that illegal practices in the credit industry will not be tolerated, according to Debt Rescue CEO Neil Roets.  The National Credit Regulator (NCR) found Lewis Stores guilty of infringing the National Credit Act (NCA), relating to credit insurance and disability cover sold… Continued

‘More than 8 million people are battling with debt repayments’ CONSUMER experts have welcomed Tuesday’s constitutional court decision on emoluments attachment orders say­ing it will benefit millions. The court ruled the emolument attachment orders also known as gar­nishee orders should only be issued by magistrates and not clerks of courts as was the case previously.… Continued

Judgment to benefit the poor Siseko Njobeni THE CONSTITUTIONAL Court judgment on garnishee orders was likely to reduce the risk appetite of lenders and could see “risky” individuals struggle to obtain finance, Fincheck chief executive, Mi­chael Bowren said yesterday On Tuesday the court ruled that aspects of the enforcement of garnishee orders were un­constitutional. Various… Continued

Cape Town – It is a pity most debtors are not aware of laws which determine that a debt prescribes – therefore, becomes null and void – if a creditor has not attemped to collect it for three years, Debt Rescue CEO Neil Roets said on Monday. He explained that a joint survey conducted by… Continued

HARD pressed consumers are set to benefit from a petrol price drop expected next week. The price is expected to drop by about 60 cents a litre, while diesel is expected to go down by 90 cents. “This drop in fuel prices will bring some relief to consumers because it will affect the prices of… Continued

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