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Get ahead of holiday debt with a financial detox

With just over a month to go before year-end holidays, many South Africans are feeling the pressure to plan their festive finances. After all, the holidays can bring joy, but they can also bring debt. According to Wonga’s Annual Summer Spending Survey, holiday spending in South Africa was set to reach a staggering R224 billion […]

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Options to consider if you’re feeling financial pressure

Despite some positive signs, particularly a prolonged period without loadshedding, many South Africans still feel the cumulative effects of high interest rates, inflation and an underperforming economy. The repo rate has been steady for over a year ,but increased from 3.5% in 2021 to 8.25%, where it remains for the moment. The repo rate is

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Financial literacy leads to healthier, happier households

Over the past few decades, the role of women has evolved significantly. More women are entering the workforce and often becoming the primary breadwinners. In addition to managing family and caregiving duties, many women also shoulder the financial responsibilities necessary to support themselves, their families and their households. In a world where financial independence equates

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Essential tips to safeguard yourself from financial scams

Many cash-strapped South Africans are turning to credit to make ends meet. Unfortunately, fraudsters are also looking to cash in on the increasing demand for credit, and there is little they won’t do to take advantage of vulnerable victims. The solution is to take both proactive and reactive measures to outsmart swindlers and protect your

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5 misleading debt review myths set straight

In a world where misinformation spreads like wildfire, it’s essential to separate fact from fiction, especially when it comes to financial solutions. Debt review, or debt counselling, is a lifeline for many South Africans struggling with debt. However, numerous myths surround this process, creating confusion and discouraging people from seeking the help they need. Here

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Debt review: ‘Rather pass’, or ‘perfect fit’?

“There are conflicting opinions surrounding debt review, also known as debt counselling,” says Wikus Olivier, managing director at CreditSmart Financial Services. “And I want to make it clear: Debt review isn’t for everyone. But, while some may give debt review the immediate thumbs-down due to not fully understanding the ins and outs of the process,

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