Debt isn’t exactly a fun topic to chat about. It’s often misunderstood, and the stigma surrounding it can make you feel isolated – especially when over-indebted. But here’s the truth: debt is more than just a financial responsibility – it can quickly spiral from a manageable tool to a full-blown […]
The festive season is a time of joy, family connection, and celebration – but let’s face it, it can also bring financial stress. If you’re worried about overspending this year, don’t fret! With a little planning and some savvy strategies, you can celebrate without breaking the bank. Here are some […]
They say money makes the world go round, but it can just as easily send you spiralling into stress and frustration! Many South Africans are weighed down by heavy debt and no clear plan to break free from it. If you’re stuck in the exhausting debt cycle and considering debt […]
Finance Minister Enoch Godongwana’s recent budget revealed a deepening deficit of 4.9%, indicating that times are tough. The South African government has racked up an additional R356 billion in debt, and the cost of living is straining economic growth. In an ideal world, we’d all have six months’ worth of […]
As the year slowly draws to a close, it is a sensible time for South African workers to reflect on their financial well-being and explore tips to enhance their financial security. Whether just starting your career journey or nearing retirement, implementing sound financial practices is essential for long-term prosperity. In […]
For many South Africans, the two-pot retirement system has become a go-to solution for paying off short-term debt and covering expenses like homes and cars. But while fewer people than expected have dipped into their retirement savings, it’s still a cause for concern. Read: Three Ways To Tackle Credit Card […]
One thing that is undeniable is that an increasing number of South Africans are really feeling the pressures of credit and falling into a debt trap. These financial pressures are making it extremely difficult for many South Africans to get ahead of all their debts. South Africans have a debt […]
The numbers don’t lie – there’s over R2.5 trillion in personal debt in South Africa right now. Even more staggering is that R70 billion to R100 billion of that belongs to consumers already undergoing debt counselling. According to Benay Sager, Chairperson of the NDCA, South Africa has a world-class debt […]
As the year wraps up, the festive season comes alive, filled with excitement, family gatherings, and of course, shopping! With Christmas just around the corner, many South Africans are counting down the days to Black Friday – a perfect time to get those holiday gifts sorted without emptying the bank […]
In September 2024, the South African Reserve Bank (SARB) finally delivered some financial relief, cutting its repo rate by 25 basis points (bps) from 8.25% to 8.00%. The rate cut indeed kicked-started a gradual interest rate easing cycle after more than four years without cuts. Although an apparently small adjustment, […]
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