The impact of poor economic conditions Poor economic conditions are causing consumers to default on payments, such as bond and loan repayments. The middle class are not only struggling to sell their homes, but they are also struggling to get their asking price. There’s been a growth in the sale of homes below R400 000.… Continued
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Price hikes are affecting South Africans If you’re feeling the weight of the price hikes in the country, you’re not alone. While South Africans are in for a rough ride after the recent electricity and fuel hikes, already struggling consumers may have to tighten their belts even more. eNCA speaks to Debt Rescue’s Annaline van… Continued
PRETORIA – Debt counsellors have slammed Pick ‘n Pay’s new initiative offering food on credit. The retailer has joined Woolworths and Massmart in offering credit facilities through in-store cards. But debt specialists have questioned the timing of the launch so close to Christmas, saying already indebted consumers will pay the cost in the end. If you quality… Continued
JOHANNESBURG – South Africans will need to start tightening up their pockets in the next few months with food and fuel prices expected to go up. The drought and the volatility of the rand have been blamed for their negative impact on imports. “The prolonged drought is the major factor but there are also other… Continued
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