Latest News & Developments
This fund, a joint effort by government departments, provides financial support to spaza shops and convenience stores essential to local communities.
Discover essential strategies to improve your credit score this New Year and unlock better financial opportunities.
The woman said she forced by an unknown man to take loans at various banks including R13,000 from African Bank.
The report found that new originations in credit cards, personal loans, and retail revolving lines have increased exponentially.
Despite the Western Cape High Court's lifting of a preservation order on Banxso's accounts, the FSCA steadfastly refuses to authorise the release of these funds.
A new report has lifted the lid on how loan sharks are essentially holding Sassa beneficiaries hostage and there is nothing that can be done about it, legally.
A surprise power supply disconnection by City Power, aiming to recover R36. 2 million, has left 11 businesses and one residential complex in the dark, and sparked outrage from some business owners claiming that they have paid their electricity bills.
Minister of Water and Sanitation, Pemmy Majodina, presented a comprehensive R134 billion budget plan in July 2024 aimed at safeguarding South Africa’s water security.
The provincial government will be paying R12 billion on the actual debt, R4 billion on the interest incurred, and R4 billion on maintenance, totalling R20 billion in debt.
The Democratic Alliance (DA) has addressed Parliament regarding Eskom's proposed 40% electricity tariff hike set to take effect next year.
“The severe mismanagement in the Vaal is a direct result of the ANC's patronage and clientelism, with the Gauteng provincial government’s inability to implement effective interventions because it is their ANC comrades and friends who are responsible for the mess in Emfuleni,” Dunga said.
Sixty-year-old alleged that his neighbour’s water supply was connected to his, because when he turned off his own supply, his neighbour’s water also stopped.
Pieter Groenewald, South Africa’s new Correctional Services Minister, has recently announced a comprehensive review of the country’s parole system.
Dr Nobuhle Nkabane, formerly the deputy minister of Mineral Resources and Energy, has been appointed as the new minister of Higher Education.
Originations, which are a measure of new accounts opened, saw the strongest quarter year-over-year growth in personal loans, up by 20%.
According to the organisation which represents some of the debt counsellors operating in South Africa, around R70-R100 billion of this outstanding debt belonged to consumers who were in debt counselling, with an estimated R15 billion currently being paid back annually.
Sector could potentially add R25 billion to the economy.
This is a key finding of the Discovery Bank/Visa SpendTrend24 report, released last month, which analysed credit card data from 14 cities around the world.
In today's economic landscape, understanding or trying at best to balance one's Debt-To-Income (DTI) Ratio is crucial.
Different types of credit are available to alleviate the financial pressures. Picture: Independent Newspapers.
In South Africa, the prevalence of over-indebtedness has reached alarming levels.
As the Easter holiday approaches, we encourages consumers to prioritise financial responsibility and avoid falling into debt traps.
The Experian Consumer Default Index has revealed that middle-class and rich consumers are having a hard time paying off their debts.
Load shedding is negatively impacting the operations of the debt counselling industry.
Many more South Africans are applying for debt counselling, which may be a bad thing or a good thing, depending on how you look at it.