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...
What do you need to apply for a home loan There is nothing better than a good credit score and “ clean” credit record without arrears, defaults and judgements if you want to apply for a home loan. One thing is clear – if you have a low credit score, with defaults or...
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...
Changing your lifestyle to live on less Research done by technology company, M4Jam has found that: household essentials like food, utilities and transport had increased since the onset of Covid-19, 32% of respondents said their monthly costs had risen by up to R800...
