MONEY TALK

South Africa's best financial advice, research, how-to's, and insights

South Africans may be breathing a collective sigh of relief at the news of some respite at the petrol pumps from Wednesday onwards, but the reality is that this is simply a drop in the ocean of soaring living costs that have pushed consumers to the brink of despair. While the announcement by the Minister […]

The latest Momentum-Unisa Consumer Financial Vulnerability Index (CFVI) showed that the state of consumer finances in South Africa deteriorated in the second quarter of 2022, dipping back into a very exposed state. According to Johan Van Tonder, economist for financial wellness at Momentum, this prominent decline can be attributed to steep rises in the prices […]

Written by: Yogashen Pillay, Experts have urged consumers to prioritise paying off their debt and avoid spending on luxuries as living costs continue to rise. This comes after the latest interest rate hike of 75 basis points by the South African Reserve Bank’s Monetary Policy Committee (MPC) last Thursday. The interest rate hike is the […]

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