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Gauteng couple in financial distress blames Absa for reckless lending on R3. 2 million home loan
A couple is on the brink of financial disaster after accepting a second home loan while the husband was unemployed, resulting in an overwhelming debt of more than R5. 1 million.
Financial distress: Couple accuses Absa of reckless lending after accepting R3. 2 million second home loan
A couple is on the brink of financial disaster after accepting a second home loan while the husband was unemployed, resulting in an overwhelming debt of more than R5. 1 million.
South Africa's debt trap
According to the Banking Association of South Africa Annual Review, loans can serve legitimate purposes.
Loan sharks exploit vulnerable communities amid rising living costs
Community leaders are calling for a clampdown of loan sharks and more awareness around people getting trapped in a cycle of debt due to the high interest rates.
How loan sharks target vulnerable communities
The elderly are handing their SASSA cards, pin-codes and identity documents to loan sharks as a security for their loans from these illegal lenders.
Record numbers of South Africans rely on personal loans to make ends meet
Personal loans is a lifeline because people’s income has not kept pace with the rising cost of living, including steep electricity and petrol price hikes
Concerns arise as eThekwini Municipality seeks R1. 5 billion loan
eThekwini Municipality's plan to borrow R1. 5 billion for capital expenditure has sparked concerns among stakeholders about the city's financial strategy and outstanding loan payments.
Gauteng woman claims reckless lending by BMW Financial Services after R787,000 debt
A Gauteng woman fought back against BMW Financial Services, claiming reckless lending practices as she faced a staggering R787,000 car loan debt.
Is Nedbank guilty of reckless lending? A man's fight over a R484,000 car loan
In a contentious legal dispute, a man challenges Nedbank over alleged reckless lending practices after securing a car loan while employed on a 10-month contract.
Auction shock: Single mother’s home sold for R5,000 after bond arrears
Patricia Mzamo, a single mother of four, grapples with the devastating reality of eviction after her home was auctioned for a mere R5 000, despite her desperate attempts to negotiate with SA Home Loans. This article delves into her heartbreaking journey and the implications of the sale.
Eviction crisis: Single mother loses home for just R5 000 at auction
Patricia Mzamo, a single mother of four, grapples with the devastating reality of eviction after her home was auctioned for a mere R5 000, despite her desperate attempts to negotiate with SA Home Loans. This article delves into her heartbreaking journey and the implications of the sale.
Which funding options are best for your small business?
Navigating the maze of funding options? Discover the best choices for your small business and learn how to secure the capital you need to thrive.
Exploring the connection between year-end bonuses and homeownership trends in SA
Existing homeowners, especially those with variable-interest rate bonds, could find it harder to keep up with bond payments, increasing the risk of foreclosures.
New NSFAS board vows to deal with those implicated in corruption
The board has it has been instructed to clean the system.
KZN Scopa considers summoning Johan Kruger over Ithala management allegations
The KwaZulu-Natal Standing Committee on Public Accounts is considering summoning Johan Kruger to address serious allegations regarding his management of Ithala SOC Limited, as the bank faces operational challenges.
GNU slammed over cancellation of budget speech
The postponement followed a disagreement between parties in the GNU.
MKP launches campaign to save Ithala Bank from liquidation
MKP’s Des van Rooyen calls on Parliament to rectify policies hindering Ithala Bank’s banking licence as the institution faces imminent liquidation.
Eskom faces R2. 2 billion municipal debt and ongoing challenges in KwaZulu-Natal
Eskom officials in KwaZulu-Natal discuss the R2. 2 billion municipal debt, illegal connections, and community interference affecting electricity supply, while outlining plans to address these challenges.
eThekwini Municipality allocates R1. 5 million for office renovations
eThekwini Municipality has approved a R1. 5 million budget for essential renovations to enhance the professional image of municipal offices and improve service delivery.
Surviving Minimum Wage | South Africans are living in debt, being overworked and exploited on minimum wage
The harsh reality of minimum wage in South Africa: Families are overworked and living in debt.
How eThekwini’s golf investment boosts tourism and the local economy
eThekwini Municipality has approved a R5 million sponsorship for the 114th Investec SA Open Golf Championship, aiming to boost tourism and the local economy, despite political objections.
Ithala Bank liquidation: employees await court’s decision on salary payment
Ithala Bank’s employees face uncertainty as the court postpones a critical decision on their salary payments amid the bank’s liquidation troubles.
Gold Circle acquisition by Hollywood Racing: decision pending from KZNERA
KZNERA’s decision on Hollywood Racing Enterprises’ acquisition of Gold Circle could reshape South Africa’s horse racing landscape.
Scores of shareholders demand their money from a Durban investment company
Investors allege that Amaanat Investment Holdings (AIH), which was created to ensure financial security for members of the Muslim community, refused to buy back their shares after they wanted to severe ties.
eThekwini Municipality postpones SMME support plans due to Ithala Bank’s legal troubles
eThekwini Municipality’s partnership with Ithala Bank to support SMMEs faces delays due to ongoing legal issues, impacting vital development plans.