SA consumers are in deep trouble – but petrol price drop may help Statistics show that there are 14 million employed persons in South Africa. Yet, there are 27 million people (nearly double the number of employed persons) who are credit active and have accounts. To...
You can be done with Debt Review even if your bond is not paid up NDA CEO Sebastien Alexanderson responded to a question from a News24 Money Clinic consumer who wanted to know if he had to remain under debt review if all their debt besides their bond was paid up. The...
You gotta know how much you owe! Get out of denial The easiest thing to do with your debt, is to convince yourself that you have it under control. Or better yet – pretend it doesn’t exist. But De-NILE is a river in Egypt. It isn’t a good space to be in with your debt....
The first 3 months of lockdown were easy. Now comes the hard part. Many people think that the first 3 months of lockdown were financially hard. I think the next few months are going to be even harder. The three-month payment holidays offered by the banks to struggling...
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 Africa’s economic...
