Tag: debt
Increased money stress severely impacting SA’s home, work life and health
Three out of four South Africans feel money-stress, more than last year, with particularly women admitting to the effects of financial stress at home and work and on their health. Lower-income...
Rating agency affirms SA debt outlook as stable
Government has noted Fitch’s decision to affirm South Africa’s long-term foreign and local currency debt ratings at ‘BB-’ and maintain a stable outlook.
According to Fitch, South Africa’s credit rating is constrained...
Don’t let financial stress get the better of you
Battling to make ends meet, families are forced to stretch every cent amid constant interest rate hikes and skyrocketing food prices, while many consumers are deep in debt.
Financial stress has become...
Beyond the purchase price: financial advisers shed light on the hidden costs of homeownership...
Purchasing a home is one of the most significant financial decisions most people make in their lifetime. This requires careful consideration and planning, especially in today's economic climate, where interest rates...
A look at debt in South Africa three years post Covid-19
The 26th of March will mark the three-year anniversary of the lockdown, as well as the impact that this devastating event had on the local economy. To add to this, South Africa...
Can I go to jail for unpaid debts
We hear many stories of debt collectors harassing and threatening clients for payment, mainly due to people not knowing their rights and the extent to which debt collectors may act to...
Twin scourges of interest rates and inflation take their toll
While debt counselling proves effective in helping financially stretched consumers:
With no meaningful increase in real income, the combination of rising interest rates and inflation is choking South African consumers who are...
Treasury, Gauteng to enter into agreement over e-tolls debt repayment
National Treasury and the National Revenue Fund will enter into an agreement with the Gauteng provincial government on the province’s commitment to settle its portion of the South African National Roads Agency...
Finding financial success when you have too much debt to save
Debt management firm, DebtBusters, recently released its Debt Index for the first quarter of 2022, which shows that middle-class South Africans are falling further into debt. Indeed, the data reveals that consumers...
Cost of living rises as fuel prices climb by over 20% since January. Dramatic...
The fuel price has a considerable knock-on effect on the cost of living as so much depends on fuel, not least the transportation of goods which is immediately felt on consumers’...
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Two SAB plants get R5.8 billion upgrades
The R5.8 billion investment commitment made by South African Breweries (SAB) has been utilised to increase capacity at two of its plants.
The company said...
