by William Horne Is wegholinflasie ons voorland? Ondanks verligting by die petrolpomp vandeesweek, is stygende lewenskoste besig om miljoene tot armoede te dryf. Neil Roets, uitvoerende hoof van Debt Rescue, sê in ‘n verklaring ‘n ramp is op pad en verbruikers moenie op hul louere rus oor die klein daling in die petrolprys dié week […]
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 Automobile Association (AA) says the outlook for petrol prices in South Africa is positive, with the potential for another price drop in September – if current conditions persist. Petrol prices will be coming down by R1.32 per litre on Wednesday (3 August), with diesel prices dropping slightly less by between 88 and 91 cents […]
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 […]
A good rule of thumb is never to talk to a debt collector on the phone; communicate only in writing.One would think the banks would know what debts they are legally entitled to claim, and those they are not. But apparently many of them are still collecting on debts they are not legally entitled to […]
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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