ARTICLES RELATING TO DEBT

SA's debt to GDP highest among emerging market peers - report

2016-09-26 09:23

South Africa's debt per capita is much higher than the average of its emerging market peers, says the latest Allianz Global Wealth report.

Lewis Stores credit ruling a win for consumers

2016-09-20 14:49

The tough ruling against Lewis Stores is a clear warning that illegal practices in the credit industry will not be tolerated, says Debt Rescue CEO Neil Roets.

Leticha and the debt trap: A case study of how vulnerable people are preyed upon

2016-09-20 05:45

Leticha Marinana, like millions of other South Africans, has lived in a debt trap after buying on credit from companies such as Foschini and Edgars.

Why your garnishee order is still valid

2016-09-18 06:54

This week, the Constitutional Court issued its ruling relating to emolument attachment orders (EAOs) – also known as garnishee orders – in a case that had been brought before the court by Stellenbosch University’s Legal Aid Clinic.

Tough macroeconomy impacts bank impairments

2016-09-14 18:42

Impairment charges for the South Africa's big four banks was up 26.8% for the first half of 2016.

How the new garnishee ruling will impact lenders, debtors

2016-09-14 06:00

A landmark judgment regarded as a “100% win” for indebted people in South Africa has changed the way garnishee orders are managed.

Landmark judgment on garnishee orders

2016-09-13 13:07

The Constitutional Court has ruled that emolument attachment orders require judicial oversight to determine if they are just and equitable, and if the amount is appropriate.

Debt survey: Consumers unaware of rights

2016-09-12 19:10

Most debtors do not know that debts fall away after a certain period of time, according to a surevy conducted by Debt Rescue and Fin24.

Four ways to get out of debt you may not have thought of

2016-09-07 07:26

If you have any unused talents, you may be sitting on a little gold mine that could boost your income and get you out of debt faster than you ever thought possible.

WATCH: When good debt makes a dream come true

2016-08-25 06:10

Sometimes we face curveballs on the road to achieving our dreams – little hiccups that either delay us or may even halt our dreams permanently.

 

FNB urges consumers to repay debt amid rate relief

2016-09-22 18:26

The period of stable interest rates offers indebted consumers an ideal opportunity to reduce their lending, says FNB CEO Jacques Celliers.

Transnet capex programme could impact on cash flows – Moody's

2016-09-20 07:42

Moody's says Transnet's decreased funding needs would relieve pressure on its financial position, but its vast capital expenditure programme could delay cash flows.

GARNISHEES: fallout uncertain

2016-09-18 08:32

Debt collectors are downplaying the importance of this week’s Constitutional Court ruling on so-called garnishee orders, but it could very well lead to a surge in reviews of existing orders and damages claims.

Video
WATCH: This Western Cape municipality is millions in debt

The DA in the Western Cape remains concerned about the debt crisis at the Kannaland Municipality in the Klein Karoo. Here are the frightening numbers. Watch.

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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.

Garnishee case: Fight against reckless lending continues

2016-09-13 17:31

The Constitutional Court passed judgment to change the management of garnishee orders, but the fight against reckless lending is not over, says an expert.

Can I take a R100k loan while still in debt?

2016-09-13 07:50

A Fin24 user seeks advice on whether it is the right time to take out a loan, given that the economy is not at its best form at present.

How debt review process works and what to do to quit

2016-09-09 07:45

A Fin24 user who has been on debt review since 2012 wants to know if he can quit the programme now.

Eskom collects R39m more in Soweto on prepaid meters

2016-09-06 06:50

Eskom says it has already seen a R39m rise in revenue collection in Soweto after it installed and converted customers to split prepaid meters.

Why loan amounts can still increase under debt review

2016-08-21 12:37

A Fin24 user is questioning the high interest rate and why loan amounts are not decreasing under the debt review process.

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