3 REDIT cards and store cards have their conveniences. They enable you to buy items upfront that you can pay for all in one go at the end of the month. If this is how you are using such cards, a pat on the back for your financial discipline. The trouble sets in when you… Continued
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President Cyril Ramaphosa signed the National Credit Amendment posted on August 26, 2019
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THE AMERICAN satirist PJ O’Rourke once suggested that a state of inebriation was proper for the festive season. “This drunkenness,” he said, “culminates on NewYear’s Eve, when you get so drunk you kiss the person you’re married to. ” O’Rourke was widely regarded as an expert in these matters. But that was in another age,… Continued
STAFF REPORTER A RAPIDLY growing number of South Africans are getting into financial trouble by “investing” in cryptocurrencies such as Bitcoin and Ripple. Neil Roets, the chief executive of debt counselling company Debt Rescue, says he was amazed when people driven to the brink of bankruptcy because they had bought into get-rich-quick schemes involving cryptocurrencies… Continued
Optimism for better trading Despite tight household budgets and muted economic growth prospects, retailers and traders are optimistic for an improved trading outlook this year, according to Consumer Goods Council of South Africa (CGCSA) chief executive Gwarega Mangozhe. Mango zhe said consumers are still grappling with high debts which have affected disposable incomes available for… Continued
THOUSANDS of shoppers queued this week at the opening of one of the largest malls in South Africa, set in middle-class suburbia between Johannesburg and Pretoria. The Mall of Africa will house more than 300 shops, including global brands such as Inditex’s Zara, Hennes & Mauritz (H&M), Cotton On and Starbucks. They want to attract… Continued
THE price of petrol will drop by 45c/litre next week, the Energy department said yester¬day. From Wednesday, the whole¬sale price of diesel of 0.05 per¬cent sulphur will decrease 61c//, while diesel 0.005 percent sulphur would decrease by 60c//, the department said. The retail price of 95 and 93 petrol would decrease by 45c//. A major… Continued
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