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 […]
Options to consider if you’re feeling financial pressure Read More »
Middle-class South Africans face a crisis of soaring living costs for essentials such as groceries, fuel, medicine, education, transport and electricity, while the unrelenting high interest rates mean home and vehicle loans are drastically more expensive to service. Since November 2021, homeowners with a R2-million bond have been slammed with increases of more than R6
Take control of your debt and protect your credit record Read More »
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
Financial literacy leads to healthier, happier households Read More »
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
5 misleading debt review myths set straight Read More »
Money is often a major source of stress – and for many men, financial worries can be particularly burdensome. According to Experian, men hold 20% more personal loan debt than women, alongside 16.3% more auto loan debt and 9.7% more mortgage debt. Rynhardt de Lange, director and head of Legal at MiLaw Legal, emphasises that
Men’s mental health, financial wellness and the burdens of debt and stress Read More »
“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,
Debt review: ‘Rather pass’, or ‘perfect fit’? Read More »
Stubbornly high interest and inflation rates and a stuttering economy are making it harder for South Africans to make ends meet – and money trouble is a significant cause of stress. The 2023 DebtBusters Money Stress Tracker survey found that three out of four South Africans feel money stress, with particularly women admitting to the effects of
How to find a reputable debt counselling company Read More »