The Rise and Fall of Defencex What is Defencex? Almost 200 000 members joined the Defencex scheme from 2012 to 2013. The scheme promised its investors high returns of 2% a day. 60 000 of these members invested in the scheme. But, on...
Category - NDA Blog
How to Avoid Ponzi Schemes
How to Avoid Ponzi Schemes The unscrupulous masterminds of Pyramid and Ponzi schemes lose investors hundreds of thousands, by promising too good to be true returns on investments. You can spot a Ponzi scheme by looking at the returns earned...
What is Reckless Lending?
What is Reckless Lending? 1. What is it? Many consumers are unaware that there are numerous reckless lending cases in South Africa. This is why it is important to know your rights as a consumer, and understand the rules set out by the...
Suspected Pyramid Scheme Kipi Investments Hacked
Suspected Pyramid Scheme Kipi Investments Hacked The Kipi Investments website was hacked earlier this year, sending shockwaves through the community, comprised of thousands of investors across South Africa. The suspected pyramid scheme or...
Shocking Unemployment Rate Spells Double Trouble
Shocking Unemployment Rate Spells Double Trouble The country’s alarmingly high unemployment rate could mean double trouble for South Africa. Statistics South Africa's Quarterly Labour Force Survey shows that unemployment figures are at a...
Is Debt Review Good or Bad?
Is Debt Review Good or Bad? Ever since it was introduced by the National Credit Act in 2007, people have been asking the question: is debt review good or bad? The answer is undoubtedly that debt review is a very good thing for over-indebted...
Loans for People under Debt Review South Africa
Loans for People under Debt Review South Africa People are experiencing tough economic times in South Africa, with soaring food prices, electricity tariff hikes, petrol price increases, interest rate hikes and more. This may be why people...
Can I Settle My Debt while under Debt Review
Can I Settle My Debt while under Debt Review If you’re looking for a debt solution that will provide you with lasting financial relief, you may have wondered: can I settle my debt while under debt review? Many people still don’t know what to...
Can a Person Under Debt Review Get a Loan
Can a Person Under Debt Review Get a Loan Wondering if you can still get a loan while under debt review? The National Credit Act (NCA) governs debt review, while the National Credit Regulator (NCR) enforces the process. The NCA specifies...
What Happens After Debt Review
What Happens After Debt Review Before you can understand what happens after debt review, it’s essential to understand what occurs during the process. There is a good reason why you cannot take out credit while undergoing debt counselling....
Top 5 Ways to Celebrate Mother’s Day on a Budget
Top 5 Ways to Celebrate Mother’s Day on a Budget Mother's Day is a big deal - your mother means the world to you. She made you who you are, made your home a home, tucked you in at night, cooked your favourite meals and dried your tears, and...
Blesser Finder #MoralsMustFall?
Blesser Finder #MoralsMustFall? ‘Don't let the world judge your hustle, if you know you are beautiful, why must you struggle?’ This is the @Blesserfind Twitter handle description. If you haven’t heard the buzz around the Blesser Finder...