Middle-class South Africans face a crisis of soaring living costs for essentials such as groceries, fuel, medicine, education, transport and electricity.
The SARB’s monetary policy committee (MPC) unanimously voted to leave the repurchase rate (repo rate) unchanged changes at the 14-year-high of 8. 25%.
These were some of the findings from DebtBusters’ Q3 2023 Debt Index, a quarterly review of data drawn from debt-counselling applications.
Many drivers are unaware of the link between their credit score and their car insurance, while some people don’t know if there is a link to start with.
Rich people have always used their equity portfolios to tap into cheap loans and avoid large tax bills.
As inflation and the cost of living continue to rise, a growing number of households in South Africa are struggling to meet their financial obligations. In many ...
According to the National Credit Regulator’s (NCR) Credit Bureau Monitor for March 2023, South Africa currently has 27. 07 million credit active consumers with 90. ...
South Africans are struggling to keep up with their monthly expenses in the wake of a string of interest rate hikes that have seen steady and steep increases in ...
Money lessons that South Africans were forced to learn during the Covid-19 pandemic are quickly being forgotten as high interest rates and inflation take their toll ...
The Reserve Bank’s Quarterly Bulletin for the fourth quarter of 2022 states that consumers spend 62. 3% of their net disposable household income to service debt. ...
Parliament’s portfolio committee on trade, industry and competition met recently to engage with the Department of Trade, Industry and Competition (Dtic), the National ...
While the National Credit Act (NCA) defines an Alternative Dispute Resolution (ADR) agent as “a person providing services to assist in the resolution of consumer ...
Minister Enoch Godongwana appointed Leanne Jackson as the chief ombud of the council, for five years, late last year.
South Africans opened more credit accounts to help them navigate the pressured economic climate, while lenders offered smaller loans and imposed limits on revolving ...
Many of the enquiries are from consumers who took on debt to buy assets such a motor vehicles when interest rates were at historical lows last year.
It’s worth comparing the interest that’s being charged on your bond versus the potential returns you could make in other products.
The credit market has stabilised in the aftermath of the pandemic and there has been growth in credit card spending. However, consumers have left themselves vulnerable ...
In the event of a person’s death, their assets and liabilities are transferred to a deceased estate.
It’s the thing that can literally unlock doors or be the invisible obstacle to your life goals if you’re not serious about building it and keeping it in pristine ...
Debt is likely to be a major problem in your life if you have let it spiral out of control. Martin Hesse looks at the different ways you can climb out of the hole, ...