ARTICLES RELATING TO CREDIT

Consumer confidence hits highest level since 2014

2016-12-08 11:28

Consumer confidence improved in the third quarter, on the back of municipal elections outcome. But it remains below average levels, says FNB.

Lewis profit dives 40% as new credit rules hit sales

2016-11-09 09:30

Lewis has reported a 39.6% decrease in headline earnings per share in the six months to end-September, as low domestic growth and new credit rules hampered sales.

Shop wisely when it comes to store credit cards

2016-10-30 16:50

Store credit cards may sound tempting with their discounts and loyalty incentives, but paying this way may not pay off.

SA metros lack credit and revenue controls - report

2016-10-19 17:32

Approximately 75% of the total debt owed to South Africa's metros was outstanding for more than 90 days up until June this year.

Consumer watchdog cleared of Lewis allegations

2016-09-30 17:15

David Woollam of consumer watchdog Summit Financial Partners says his name has been cleared by the FSB regarding allegations of insider trading by Lewis Stores.

Another lender pulls plug on Eskom

2016-09-01 15:42

A European bank has become the second money manager to halt lending to Eskom after SA’s biggest specialist fixed-income manager stopped extending credit.

UK consumer credit rises at fastest pace in a decade

2016-08-24 12:13

UK consumer credit has risen the fastest in almost a decade in July, as shoppers hit the stores for summer goods and took advantage of low interest rates on loans.

Reluctance to grant medium, high value vehicle and asset finance loans

2016-07-12 20:17

There has been a 19% increase in vehicle and asset finance accounts more than three months in arrears, according to credit bureau Compuscan.

Government Gazette ushers in new era for credit providers

2016-06-09 13:43

A new ruling means that all credit providers who charge interest, no matter how small the principal amount, will have to register under the National Credit Act.

Households now have least amount of cash since 2010

2016-05-16 07:54

Research indicates households currently have the least amount of cash available since 2010.

 

No credit history? No problem: Lenders start peering at phone data

2016-11-25 13:48

Financial institutions, overcoming some initial trepidation about privacy, are increasingly gauging consumers’ creditworthiness by using phone-company data on calling patterns and locations.

Project Evolution implemented in credit industry

2016-11-07 16:24

For the past five years, data contributors and credit bureaus have been preparing for the implementation of Project Evolution.

Money scam targeting consumers using Old Mutual as a front

2016-10-21 18:44

A money scheme targeting black-listed consumers under the pretence of being Old Mutual is doing the rounds again.

Three credit score myths debunked

2016-10-05 06:57

TransUnion has provided the following facts to debunk various myths surrounding consumers and their credit scores.

Lewis faces fine for breaching National Credit Act

2016-09-14 16:33

Lewis Stores is guilty of infringing the National Credit Act, relating to credit insurance and disability cover sold to pensioners and self-employed consumers.

Household credit cycle one of the weakest in history

2016-08-31 16:37

Household credit is likely to remain under pressure, as banks remain stringent on lending criteria and high debt levels restrain demand for increased borrowing.

B2B lending could help avoid downgrade - expert

2016-08-17 15:36

Responsible business to business lending - based on reliable information - could go a long way in solving SA's challenge of job creation, says a credit expert.

Edcon seeks bondholder consent for new credit facility

2016-07-06 18:37

Edcon is seeking consent from senior creditors to obtain as much as R1.5bn from banks and bondholders in a new facility as the retailer restructures its debt.

Junk rating risk looms as SA awaits S&P decision

2016-06-03 16:50

South Africa faces the prospect of being cut to junk on Friday, which could weaken the nation’s currency and bonds, or being spared for at least six months.

Household credit growth reflects subdued economy

2016-04-29 17:18

Consumers are expected to experience increased financial pressure this year, which will impact their credit-risk profiles and vulnerability, caution experts.

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