When paychecks come in, we’ve been taught to split the funds into categories of monthly expenses, essentials, luxuries, and savings. In normal circumstances, it would be easy to split funds across these different categories without a worry. However, the current financial climate is making it impossible for South Africans, forcing […]
South Africans across the income spectrum are struggling to pay their debts, with many under debt review. Many are being ably assisted by experienced professionals to shed the yoke of outstanding debt. There are a myriad of reasons for this – the high cost of living, salaries not keeping pace […]
South Africa’s middle class is drowning in debt, and stresses are mounting, with ordinary folk dealing with serious financial difficulties. Over 60% of the middle class is said to have unsustainable debt levels, with many hoping that rate cuts are on the cards. In an environment of rising interest rates, […]
Just as the South African Rand changes its design occasionally, so do tax laws get revised and revamped. The time of the year has fallen upon us for the National Treasury to publish the annual draft of tax law amendments, and this year, it is bringing non-compliant taxpayers into the […]
With the interest rates continuously rising, more and more South Africans are struggling to keep up with their debt. Recent stats have revealed that many South Africans spend 65% of their net income on servicing debts. The snowball continues to grow, leaving more South Africans struggling to make ends meet. […]
Times have changed, and rent-to-own is now a possibility for almost any item in your home. For those who need a new vehicle, there’s even the option of rent-to-own cars. But is this a good idea? Let’s take a closer look at what this means and if it really can […]
As the Rand has weakened, the past couple of years have been a wild time riding the rise of inflation and repo rates. The constant increase in expenses has been hard on South Africans, particularly for those in debt. The Rand is slowly but surely strengthening in value, which comes […]
With the cost of living increasing, more and more South Africans need help to make ends meet. This has led to an increase in debt as credit cards are being used more frequently. It is a cause for concern as the number of SA residents struggling to make ends meet […]
It’s been a rough few years for South Africans, and consumers are having to find new ways to cut expenses to make it every month. With prices of everything continuously increasing since late 2021, more SA residents are struggling to keep their heads above water. The latest data by Old […]
So, you took the first step and decided to be under debt review, but you may wonder, “What happens after debt review?” Or perhaps you’re considering tackling your debt head-on, but you wonder what the future holds. Once you’ve paid off all of your debt, a few things will take […]
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