In a climate marked by economic uncertainty, the South African Reserve Bank (SARB) recently announced its decision to maintain the interest rates unchanged at 8.25%, with the prime lending rate remaining at 11.75%. This decision marks the Monetary Policy Committee’s (MPC) seventh consecutive meeting, where rates have been held steady, […]
Navigating the tax season in South Africa can be daunting, especially with the ever-changing regulations and deadlines. Understanding the process is essential to avoid additional debt and penalties. This comprehensive guide aims to demystify the tax season, providing valuable insights on filing returns, managing taxes, and dealing with debt. Read: […]
South Africans have welcomed the news of fuel price decreases, but the sharp rise in electricity costs somewhat tempers this relief. On the one hand, there’s some welcome relief at the petrol pumps, while on the other, electricity costs are on the rise. Navigating these financial fluctuations is crucial, especially […]
On June 1, 2024, President Cyril Ramaphosa signed the Revenue Laws Amendment Bill of 2023 into law, introducing a revolutionary two-pot system. This progressive legislation, set to take effect on September 1, 2024, is designed to cater to the dual needs of long-term financial security and immediate access to funds […]
Removal from debt review could be complicated and require you to adhere to strict guidelines. We’ve broken down the process to help you to exit successfully. If you find yourself under debt review, but you’ve had a change of heart or your financial circumstances have changed, you may be considering […]
Debt is a common financial challenge for many South Africans, impacting many individuals and households. Understanding the different types of debt and the options available to manage and eliminate it is crucial for maintaining financial health. This guide provides an overview of the different debt types in South Africa, including […]
Are you at a point in your financial journey where you are looking to save money or cut down on debt? Changing banks might be a smart move. With so many options available, knowing which South African bank will truly help you save money is essential, especially in the long […]
If you have no experience with how debt review works, you probably want to know what the car repossession rules may be. For example, will your car be safe? Does being under debt review mean giving your vehicle back to your creditors? We know it can be intimidating when all […]
There are numerous debt review and financial rescue misconceptions that individuals accept over time. Having inaccurate or inadequate information can undermine your capacity to choose the correct debt solution for your money related situation. Below, we take a look at a few misconceptions that have plagued the debt relief industry […]
Are there consequences, and what exactly happens when you skip a payment while under debt review? In this article, we answer all these questions and provide best practice principles for when you are under debt review. The National Credit Act of 2005 is in place to ensure that those who […]
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