In days gone by, bad debt could land you in prison, get you flogged, or even cause you to become a slave.
Debt doesn’t last forever. If a credit provider doesn’t claim payment on a debt, it will eventually fall away. This is what you need to know.
In the current economic climate, consumers are enticed by price and promotion and are willing to go the extra mile to get a better deal, a study shows.
Many South Africans are going into debt purely to survive as unemployment in South Africa spiralled to 26.7% – the highest since September 2005.
Higher fuel prices and the drought have placed farmers under tremendous financial strain and consumers will feel the pain. But there are ways to cut costs.
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.
The combination of ever-increasing petrol and food prices is placing 94% of South African households at high risk of a negative net income, warns an economist.
Uber drivers in Kenya have an additional incentive to go the extra mile: a local bank is offering them car loans based on how clients rate their service.
The unchanged interest rates should be seen as an important catalyst for consumers who are committed to investing their way out of tough economic conditions, says an... read more
Keeping the repo rate unchanged means that deeply indebted consumers can breathe a huge sigh of relief, but it is also a little too late for many South Africans, say... read more
The total number of civil summonses issued for debt fell by 13.4% in the first quarter of 2016 compared with the same period in 2015, official statistics show.
Debt counsellors are seeing a sharp increase in the use of payday loans among South Africans in the 25-39 age group.