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Tag: Banks

Consumers beware: Some banks are still collecting on prescribed debts

The law forbidding creditors from collecting on prescribed debts which falls under the National Credit Act 34 of 2005 (NCA) is well-known, established and adhered to – or so everyone would...

What does credit actually cost?

If used correctly credit can add positive value to your overall financial well-being.  But you need to ensure that you understand what the total amount is that you will re-pay and...

Bank’s switch to recyclable payment cards will reduce CO2 and tons of plastic

HSBC is introducing sustainable payment cards which by the end of 2026 it will eliminate single-use PVC plastic, in favour of recycled PVC plastic (rPVC). The programme - which includes HSBC’s debit, credit...

Tax on booze, fuel & cigarettes hiked while income tax stays put

The 2021 annual budget speech by the finance minister took place in Cape Town on February 24 2021. All eyes were on Tito Mboweni as South Africans were looking forward to...

UIF Fraud: 28 bank accounts frozen as investigation into missing R5.7m continues

The Democratic Alliance said in a statement issued on 21 June that the R5.7 million UIF TERS fund fraud is "probably only the tip of the iceberg". According to the Democratic Alliance...

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The energy morass

CBN Editor Robin Hayes asks if foreign funded vested interests are at play. IT beggars belief that we have endured loadshedding for more than 14...

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