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Cash-strapped SA households, facing increased levels of debt, should not bank on the minister of finance to provide much relief in his budget speech, says a debt expert.
SA's single women are struggling more with their debt than their single male counterparts, suggests data from DebtBusters.
According to a World Bank report, South Africa is the most indebted country in the world. DebtBusters CEO Ian Wason shares some of the worrying figures. Watch.
The latest quarterly reports released by the National Credit Regulator (NCR) show South African’s are still over-burdened by personal debt issues.
Valentine’s Day may be about chocolates and flowers, but one has to wonder how many couples can afford the costs associated with love, cautions a debt expert.
Regulations limiting fees and interest rates in the unsecured lending space may have unintended consequences which will affect both lenders and consumers.
Before signing up for debt counselling, consumers often spend more than 100% of their net income servicing their debt, says an expert.
Capitec's move to grant large unsecured loans over longer periods amid consumers' spiralling financial woes does not bode well, a report states.
Although there is usually a spike in debt assistance enquiries after the festive season, that spike has come earlier this year, warns a debt expert.
Statistics from the National Credit Regulator show that up to 10 million South Africans are severely in arrears on their debt. DebtBusters CEO Ian Wason explains how debt counselling works, and how customers can benefit from it. Watch.
Brexit does not bode well for consumers already heavily in debt and SA is on the eve of a perfect storm, especially the poorest of the poor, says a debt expert.
The Sarb's latest hike in the repo rate by 25 basis points to 7% will blow everyone’s budgets, warns a debt expert.
Several forces are creating the “perfect financial storm” to lead many more South Africans towards cash flow shortages in 2016, warns a debt expert.
A Fin24 user wants to know how she can find out what is on her credit record.
The explosion of unsecured credit in the last four years should be considered a systemic risk, warns an expert.
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