Lewis Referred to Consumer Tribunal Again On Tuesday, Lewis Group announced that its subsidiary, Lewis Stores would face the National Consumer Tribunal (NCT) for suspected contraventions of the National Credit Act (NCA). Lewis may be fined...
Category - NDA Blog
Consumer Confidence Remains Depressed
Consumer Confidence Remains Depressed Low Consumer Confidence The latest FNB/BER Consumer Confidence Index (CCI) for the first quarter of 2016 stands at -9 index points. Considering it plummeted to -14 in the fourth quarter of 2015, from -5...
Save on Fuel: Tips for Moneywise Motorists
Save on Fuel: Tips for Moneywise Motorists Save on Fuel Last night, fuel prices were hiked considerably, hitting motorists hard. However, there are ways you can save on fuel. Regularly servicing your car and tweaking your driving habits will...
Prepare for a Spate of Price Increases in April
Prepare for a Spate of Price Increases in April Fuel Price Increases April is set to be a grim month for consumers, who can anticipate a spate of price increases. This month, electricity tariff, repo rate and fuel price increases will take...
Should Sarb Suspend Inflation Targeting?
Should Sarb Suspend Inflation Targeting? Suspend Inflation Targeting The South African Reserve Bank’s (Sarb) monetary policy committee (MPC) should acknowledge that exogenous (external) forces, particularly drought, are driving inflation....
Debt Forgiveness: ANC’s Suggestion for the Poor
Debt Forgiveness: ANC’s Suggestion for the Poor Debt Forgiveness for the Over-indebted A ‘debt forgiveness programme’ for low-income groups was suggested by Adrian Williams of the ANC. “This shouldn’t be for the rich who have just been...
SA Consumer Debt – Don’t Get Trapped
SA Consumer Debt – Don’t Get Trapped Consumer Debt in South Africa Consumer debt is a major problem in our country. For this reason, we should all be at our most vigilant, when it comes to over-committing ourselves to consumer debt. South...
Top SA Municipalities Owed Debt
Top SA Municipalities Owed Debt Municipalities Owed the Most Consumers owe over R117 billion in services and rates debt to municipalities across South Africa, according to a report released by the National Treasury. Of all the provinces,...
SIM-swap Scam Loses Victims Hundreds of Thousands
SIM-swap Scam Loses Victims Hundreds of Thousands FNB, MTN SIM-swap Scam The First National Bank (FNB) and MTN SIM-swap scam, whereby consumers were robbed of hundreds of thousands of rands was allegedly an inside job, according to a private...
Electricity to Cost More for Consumers
Electricity to Cost More for Consumers Electricity Tariff Hike Approved A 9.4% electricity tariff hike was approved by the National Energy Regulator (Nersa) for 2016/17. This after Eskom applied to recoup R22.8 billion in 2015, which it...
Collectors Continue to Demand Payment of Prescribed Debt
Collectors Continue to Demand Payment of Prescribed Debt The Prescribed Debt Amendment When the National Credit Act was amended in March 2015 to prohibit the collection of prescribed debt, we all breathed a sigh of relief. The amendment was...
Price of Petrol to Drop on Wednesday!
Price of Petrol to Drop on Wednesday! The price of petrol (95 and 93 octane) is anticipated to drop by 69c on Wednesday, 2 March 2016, according to the Department of Energy. Whereas, the wholesale price of diesel (0.05% and 0.005% sulphur)...