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Debt

Tougher stance towards business rescue practitioners

Jun 29 2017 19:27

New legislation will require attorneys, accountants, liquidators and business management professionals, who seek to practise as business rescue professionals, to be registered.

Debt

Debt warning: Don’t be fooled by petrol price relief

Jun 29 2017 18:49

While motorists can expect a further 60c drop in the petrol price next month, SA is still in a technical recession and the price could increase in months ahead, warned a debt expert.

Debt

Economic headwinds stressing out consumers - index

Jun 26 2017 10:42

Uncertainties in the economy are adding pressure to consumers, who are feeling more financially stressed, an index shows.

Debt

Consumers face debt crisis as recession grips SA

Jun 09 2017 16:47

South African consumers face a debt crisis after the country entered a technical recession in 2017, says Debt Rescue CEO Neil Roets.

Debt

Stay away from debt in recession, cautions credit watchdog

Jun 09 2017 14:13

The National Credit Regulator says consumers should not take on unnecessary debt in a worsening economic climate after South Africa officially entered into a recession.

Debt

Govt's debt forgiveness plan 'dangerous', warns CEO

Jun 05 2017 20:35

Government’s intention to implement a debt forgiveness programme for over-indebted households poses a major threat to the financial sector, says a debt review expert.

Debt

DTI proposes debt relief for retrenched workers, low income groups

May 17 2017 17:09

The Department of Trade and Industry recommends changes to the National Credit Act that will allow for occasional debt relief measures to over-indebted households.

Property

Cash-strapped homeowners turn to loans to pay bonds

Apr 26 2017 07:46

Hard-pressed South Africans are so fearful of losing their homes that they are turning to unsecured debt at increasing costs to service home loan repayments.

Debt

SA’s shocking debt spiral: Some forced to pawn cars

Apr 10 2017 20:52

South Africans are so deep in debt that most of them have no idea how to get out of it, forcing the most desperate to pawn their cars.

Economy

Junk downgrade will hit debt-ridden consumers hard

Apr 05 2017 05:02

The S&P downgrade of SA's sovereign debt rating to junk status is going to have a massive impact on deeply indebted South Africans, says a debt expert.

Debt

More consumers pawn cars to get loans

Mar 12 2017 12:25

The National Credit Regulator is concerned about the rising number of consumers who pawn their motor vehicles in order to obtain loans.

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