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Debt Counselling: An Important Part of Managing Assets in South Africa

Debt counselling - Debtline

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 […]

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South Africa’s 25 Basis Point Rate Cut: What It Means for Your Debt

Debtline - Interest Rate Cut

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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Planning to go under Debt Review? Here’s what Debt Counsellors can do for you…

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 […]

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How to successfully exit debt review – Removal guidelines

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 […]

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