Do you have prescribed debt? Prescribed debt can be explained as old debt that has not been acknowledged over a period of three years. More specifically, a debt is prescribed if: You have not acknowledged the debt in the past three consecutive years, either in writing or verbally You have not made a payment promised […]
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DebtBusters, South Africa’s largest debt counsellor, notes with disappointment the announcement made by Rob Davies, Minister of Trade and Industry, that the affordability assessment regulations of the National Credit Regulations will be suspended for six months (from March 2015 – September 2015).
According to experts, tax revenue growth has been tracking marginally below expectations over the past year. Whilst there are various revenue options available, it is vital that the National Treasury choose one that is not only efficient and least detrimental to the fragile South African economy, but equitable. According to CEO of DebtBusters, Ian Wason, “Wealthy individuals are in for a shock as we anticipate major tax changes targeting these consumers this year.”
DebtBusters reviewed the statistics on the Consumer Price Index (CPI), released on the 21st of August 2013, by The South African Reserve Bank (SARB). It was evident that the Consumer Price Index (CPI) for July 2013 amounted to 6.3%, which drastically increased from 5.5% in June 2013. Following on from this, Ian Wason, DebtBusters CEO, spoke to eNCA News about […]
Ian Wason, CEO of DebtBusters says, “The pleasant sounds of Jingle Bells playing in our favourite store is now an alarm bell for credit active consumers that get caught up in this year’s festive season shopping frenzy. Those that continue to fund their lifestyles on credit are on a slippery slope towards financial disaster!”