Neil Roets explains how consumers are coming out seeking the financial help they need after the implications the lockdown had on many households. He goes on to explain how South Africa’s legislation caters to the over-indebted with debt relief options such as Debt Counselling being available. Debt Rescue · Consumers are seeking the financial help… Continued
SAfm hosts panel of debt experts to answer debt-related questions including: Is it advisable to take out a loan as a business owner to pay employees during COVID-19 lockdown? Can I make arrangements with the bank for my bond repayments? How will the lower interest rate affect my monthly repayments?
Moody’s rating next month is widely expected to be a downgrade to junk. Consumers must avoid falling into a debt trap “like the plague” as the possible downgrade of South Africa’s credit rating by Moody’s next month could undermine the December petrol decrease and the recent Reserve Bank repo rate reduction, experts said. Efficient Group’s… Continued