Interested in Group Savings? Watch Out for Stokvel Scams! Don't Be Fooled By Stokvel Scams If you’ve been approached to join a stokvel or are considering joining one, you should be cautious of stokvel scams, especially the current high-risk...
Category - NDA Blog
What is the Consumer Financial Vulnerability Index?
What is the Consumer Financial Vulnerability Index? The CFVI is a measure of our perception of our cash flow, buying power and general financial position as consumers, and this perception is continually affected by our changing economic...
Ready Your Finances for Devastating Tariff Hikes
Ready Your Finances for Devastating Tariff Hikes Consumers and businesses across South Africa are holding their breath in fearful anticipation of June 29, 2015, when the National Energy Regulator (Nersa) will announce whether or not it...
Are You a Victim of Securitisation Fraud?
Are You a Victim of Securitisation Fraud? The Commercial Crimes Unit (CCU) of the South African Police Services (SAPS) will be conducting in-depth investigations into the activities of the Big Four South African banks - Absa, Nedbank,...
What is the Repo Rate and How Does It Affect Me?
What is the Repo Rate and How Does It Affect Me? What is the Repo Rate? The South African Reserve Bank (SARB) regulates our economy by lending money to the commercial banks at a set interest rate. This interest rate is known as the repo...
Save to Secure a Brighter Future
Save to Secure a Brighter Future Sav ings Accounts: Your Saving Grace As South Africa is currently in a state of fiscal consolidation, mainly due to a high budget deficit, low growth and the energy crisis, South Africans should get on board...
Reckless Lending – What Does It Mean to You?
Reckless Lending – What Does It Mean to You? Reckless Lending - what is it? Do you find yourself giving in to credit providers, who are always emailing, phoning and advertising their services all over the web? Sometimes credit providers are...
Get Thee to a Debt Counsellor Today!
Get Thee to a Debt Counsellor Today! If you're stuck in a debt spiral like South Africa’s 11+ million indebted consumers, maybe it’s time to join the rapidly growing 14,000+ in-the-know individuals applying for debt review with a...
Consumer Terms for Clued-up Credit Users
Consumer Terms for Clued-up Credit Users Educating yourself on all of the consumer terms used in the credit industry and consumer law is a smart measure to take, in order to protect yourself against predatory lenders, reckless credit...
Snippets of Debt Wisdom
Snippets of Debt Wisdom As the eminent quote by Sun Tzu goes in his influential book, The Art of War , “If you know yourself but not the enemy, for every victory gained you will also suffer a defeat.” And, I'm certain that any debtor in the...
The Side Effects of Debt
The Side Effects of Debt Inside the Debtor’s Mind The counsellors at the South African Depression and Anxiety Group (SADAG) say that more and more South Africans are suffering from the adverse side effects of debt, which can lead to...
Let’s Count All the Ways Being Debt Free Pays!
Let’s Count All the Ways Being Debt Free Pays! Listing all of the reasons you should get out of debt is a great way of motivating yourself to stay on 'the straight and narrow', on your way to becoming completely debt free! This way of...