Concern over Capitec amid debt spiral Cape Town – The move by Capitec Bank Holdings [JSE:CPI] to grant large unsecured loans over longer periods does not bode well with consumers feeling financially vulnerable as prices skyrocket, experts said. As debt is spiralling, most banks are tightening the purse strings, but Capitec seems to be moving in […]
Comments are closed.
More related posts
In the run up to Halloween you are probably thinking more about what costume to wear to that fancy dress party you’ve been invited to and focusing less on your money troubles. However, between now and the end of the festive season you should be more vigilant about what you do with your money than […]
InsuranceBusters, DebtBusters sister company, work together on a continuous basis to serve South African consumers struggling with debt. After receiving exceptional service from DebtBusters and InsuranceBusters, Antoinette, a valued customer wrote into DebtBusters to tell us her success story: I’m 35 divorced mom with 2 daughters. My ex-fiancé left me with a lot of debts […]
It’s a new year and already we’ve been hit with petrol price increases several times. On the 1 January 2014, petrol increased by 39 cents and diesel by 32 cents a litre. Both petrol and diesel increased again at the beginning of February, March and April 2014 leaving petrol at almost R15 a litre.
The New Year for many represents an opportunity for new beginnings and of course New Year resolutions. Many people make a list of lofty goals they would like to achieve in the New Year. For some it is buying a house, starting a business, living a healthier lifestyle or even getting out of debt. Getting […]