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 […]
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 […]
Did you know that the fear of losing assets while under debt review is a genuine concern for people and prevents many from seeking debt counselling. However, the fear is unfounded as debt review protects your assets. Read: Car repossession rules while under debt review One of the numerous benefits […]
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, […]
The first rule of thumb with the Debt Review journey is that you need to entrust your finances with reliable debt counsellors. While an array of debt review specialists are available online, selecting the first Google search result isn’t always the best idea. It would be advisable to find an NCR-registered debt […]
We’ve seen an increase in debt among South Africans over the past few years, especially during Covid. And with the massive interest hikes on debt, things have gone south for many residents in the past couple of years. There’s some good news and growing relief on the way for struggling […]
In a world where every cent counts, discovering affordable grocery stores or supermarket options is cardinal for your overall spending and monthly budget. On the upside, South Africa is home to several fantastic supermarket chain stores renowned for their wallet-friendly prices and enticing deals. In this article, we explore the […]
Money plays a big role in impacting our lives. It not only impacts our financial well-being but also our happiness and sense of security. That being said, there are a lot of South Africans that struggle to reach financial freedom. Instead, they are locked in a constant battle with a […]
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