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 […]
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 […]
Having your name removed from debt review could be a complicated process and require you to adhere to strict guidelines. We’ve broken down the process to help you to exit successfully. If you previously found yourself under debt review, but have had a change of heart or your financial circumstances have improved, you […]
The road to financial independence can seem dark and dangerous, but it’s easy enough to light the way with these simple tips for managing your money and destroying your debt. 1. Track Your Spending Right now, given the state of the economy it is more important than ever to keep […]
Prescribed debt is an interesting scenario that people who utilise credit across South Africa should know more about. It’s not common, but if caught off guard, you could be responsible for a debt you don’t need to pay. Read: 10 Warning signs that you have a debt problem What is prescribed […]
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 […]
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