Middle class South Africa: why “middle income” households are under pressure For years the middle class in South Africa was seen as the safe zone. You had a steady job, could afford decent middle income housing, maybe drove a financed car and took a holiday now and...
Rising fuel prices are catastrophic for consumers November 2021, will see catastrophic increases in fuel prices. The Automobile Association (AA) indicates that higher brent crude prices will see: Petrol 95: increase of 98 cents per litre; Petrol 93: increase of 96...
Repo rates remain the same The South African Reserve Bank’s Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 3.5%. In a statement on Thursday afternoon (20 May) the Reserve Bank governor Lesetja Kganyago announced that the South African...
Single mothers are more prone to seeking credit According to an analysis done by National Debt Advisors’ (NDA) Research Department during the peak of the Covid-19 pandemic from March to December 2020, 80% of South African households spent their hard-earned...
Avoid debt traps Not all debt is bad debt – but we have to keep a careful eye on how we manage our finances, so that we can avoid becoming over-indebted and dependent on debt. Avoid unregistered micro-lenders / mashonisas This is a debt-trap if ever there was one!...
