In The Press

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

‘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

Tomorrow marks exactly a year since President Cyril Ramaphosa the Covid-Igenforced national lockdown: and since then a trail of economic devastation and jobs bloodbath continue to haunt many South Africans. When Ramaphosa announced the initial 21—day Lockdown, SA’s Covid-19 infections had spiked from 61 to 402 in a space of eight days and a drastic… Continued

Financial experts have seen an uptick in debt-related queries over the past few months as the effects of the country’s lockdown are still being felt, with the middle-class particularly hard hit. The number of people in debt who are relying on their credit to stay alive has sky-rocketed, leaving the South African economy teetering on… Continued

South African households are likely to start to feeling the pinch from surging petrol and paraffin prices, marked increases in excise duties on alcoholic beverages and tobacco products, and below-inflation increases in the monetary values of social grants. Commenting on the latest FNB/BER consumer confidence index (CCI), chief economist at FNB Mamello Matikinca-Ngwenya said that… 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

South African motorists and businesses are going to be hit with petrol price increases in March – while fuel tax hikes in April, the rising cost of electricity courtesy of Eskom, and low business confidence will going to keep the pressure on the country’s already battered economy. Small and medium-sized businesses (SMEs) face a particularly… Continued

Over-indebted consumers are set to face a tough 2021. With over 2 million jobs lost in 2020, the highest number of Covid-19 cases on the continent and the after-effect of strict lockdown restrictions still affecting businesses, the future looks uncertain for many South Africans, particularly financially. According to Trading Economics, household debt in relation to… Continued

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