Index shows SA is one of world’s most indebted countries.
With major price increases for food and other essential commodities on the cards as well as a continued sluggish growth rate predicted for the new year, South Africans are in for a rough …Read More
– Deeply indebted consumers should think long and hard before plunging themselv es even deeper into debt by splurging on luxury goodson Black Friday.
Often deals offered by major retailers seem so good that consumers throw caution to the wind and blow their …Read More
Roets also urged consumers to rather save their Christmas bonus and use it to pay school fees and other accounts.
The drop in fuel price that comes into effect at midnight on Tuesday and recent decisions by the three main sovereign rating agencies …Read More
The drop in fuel price that comes into effect at midnight tonight and recent decisions by the three main sovereign rating agencies not to downgrade South Africa to junk status is all Christmas cheer, but an economist warns consumers against opening their …Read More
TOUGH: RECKLESS LOANS COULD BE WRITTEN OFF
Many retailers are breaking law on massive scale, says Credit Rescue.
Reckless lenders could find themselves on the wrong side of the law when new legislation comes into effect.
Credit providers, including micro-lenders, retailers and even banks, who …Read More
The price of fuel is expected to drop next month, holding out the promise of relief for consumers.
The petrol price will likely drop by up to 83 cents a litre, the diesel price is estimated to drop by 45 cents a litre …Read More
Debt managers say there was nothing in President Jacob Zuma’s State of the Nation Address (Sona) that offered any hope the government understood how dire the financial situation is for South Africans. CEO of Debt Rescue, one of the largest debt management …Read More
Zuma referred several times to responsibilities falling to Finance Minister Pravin Gordhan following Sona.
Political parties and experts in the finance sector agree that President Jacob Zuma’s State of the Nation Address (Sona) on Thursday fell short of bringing South Africans any solace …Read More
Reserve Bank expects inflation to average 6.8% in 2016 and 7% in 2017.
Hanna Ziady and Alex Mitchley
The South African Reserve Bank’s decision to hike the benchmark repurchase (repo) rate by 50 basis points – off the back of a worsening inflation outlook …Read More
Food prices remain significant risk to inflation outlook.
South African Reserve Bank Governor Lesetja Kganyago on Thursday announced a 50 basis point hike in the repo rate – lifting it to 6.75% – off the back of mounting concerns over runaway inflation.
“The rand …Read More