Reserve Bank Governor Lesetja Kganyago has given the last repo rate announcement of the year and the rate has remained unchanged. The year ends on a very interesting note given the abundance of local and international shock and scandal, from Zuma and his allies being exposed in the State Capture report and the infamous business mogul Donald Trump winning the US presidency.
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Reserve Bank Governor Lesetja Kganyago today announced that the repo rate will remain unchanged at 7% bringing some good news for 2016, a year that so far has experienced many ups and downs in South Africa’s economic landscape.
The 3rd annual Debt Review Awards Gala was held on Saturday evening, in recognition of outstanding achievements in the Debt Counselling industry for 2015.
It came as no surprise as once again, DebtBusters and Consumer Debt Help, both subsidiaries of Intelligent Debt Management (IDM Group) scooped the most anticipated awards of the evening, with Consumer Debt Help winning best ‘Large Debt Counselling Company’ and DebtBusters bringing home the best ‘National Debt Counselling Company’ award.
Mother’s Day is the one day in the year that we celebrate mothers and get to thank them for everything they have done and sacrificed for us. Commercial hype leading up to mother’s day is massive and specifically designed to lure last minute shoppers. Debt traps are everywhere, from overpriced flowers to pretty, nicely packaged, ready-made gift packs. The truth is, there is no price tag too high for your mom!
Despite a strengthening Rand/US Dollar exchange rate, the Automobile Association of South Africa (AA) is anticipating a fuel price hike in May. This follows the release of the unaudited month-end fuel price data released by the Central Energy Fund (CEF).
The first ever Debt Review Awards was held on 19 July 2014 in Cape Town, to celebrate business excellence in debt review and to make heroes out of those who are responsible for leading the industry. Credit providers, debt counsellors and payment distribution agencies from South Africa were nominated in order to ensure that all parties in the industry were acknowledged for their efforts.
Always looking for new ways to help assist South African consumers facing financial difficulty and tor educe the levels of over-indebtedness in South Africa, Ian Wason later founded DebtBusters in 2008.
Debt repayments too high? We Want To Help You!
According to the Consumer Credit Market Report released by the NCR in September 2013, in South Africa there are currently 20.21 million credit active consumers of which 9.69 million have impaired credit records and 37.69% of unsecured credit accounts are out of date and in arrears. Debt is becoming a major problem in South Africa, […]
Guest writer Walter van der Merwe, CEO of FedGroup Life, talks about the importance of critical illness insurance and what the policy could cover you for. You never imagine yourself to be caught on the wrong side of the statistic. The critical illness statistic that is. And if you do find yourself part of the […]
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