Latest News & Developments
The City of Tshwane intensifies its revenue collection efforts, cutting power to businesses with outstanding debt, including Shoprite's landlord, as it seeks to recover R30 billion.
The City of Tshwane's proposed R10 billion debt write-off has sparked mixed reaction, with concerns over its impact on responsible payers and the criteria for eligibility.
How the Debt Management Forum for Africa aims to transform public debt into a powerful tool for sustainable growth and citizen engagement.
Power utility Eskom has withdrawn its threat to cut power supply to City Power, after Minister of Electricity Kgosientsho Ramokgopa has stepped in to intervene to resolve dispute of City Power’s billion rand debt.
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.
In today's economic landscape, understanding or trying at best to balance one's Debt-To-Income (DTI) Ratio is crucial.
The writer cautions against the opportunity cost of tapping into retirement savings to pay off debt.
Different types of credit are available to alleviate the financial pressures. Picture: Independent Newspapers.
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.
Last year, 2023, may have been the worst year financially for South African consumers at least since the 2008 global financial crisis.
These were some of the findings from DebtBusters’ Q3 2023 Debt Index, a quarterly review of data drawn from debt-counselling applications.
Financial management tips from motus. cars to help you get the best value for your money.
Businesses are more likely to go under in a high-interest-rate environment than they are in a low-interest-rate environment due to the higher cost of borrowing money.
This comes as Eskom will continue implementing various stages of loadshedding for the foreseeable future until the situation has been normalised after the full return to work of all striking employees.
In the Education Department's largest group cancellation of federal student loans, the Biden administration will forgive $5. 8 billion in debt held by 560,000 former students of the defunct for-profit chain Corinthian Colleges.
Consumers contemplating debt counselling should first understand the terms and conditions.