Debt Counselling vs Debt Mediation – What Are The Differences?
With over 50% of credit-active South Africans being behind on one or more debt repayments, debt solutions are a desperate requirement for many. These come in a few forms – debt management, debt counselling/review, debt mediation or debt consolidation, to name a...
Interest Rates In SA Likely To Hike. What Does This Mean For You?
The repurchase rate (repo rate) was reduced numerous times by the South African Reserve Bank (SARB) in 2020. In 2019 the repo rate was between 6.5 – 6.8%, and had been largely in this range in the 3 years preceding this period. It is currently sitting at 3.5%...
Consumer Debt Hits R1.9 Trillion, With An Increase In First Time Defaulters.
According to Experian South Africa’s Consumer Default Index (CDI), the rate of first-time consumers defaulting has increased in 2021Q1. This has been linked to a possible increase in economic activity due to the ease of restrictions towards the latter part of...
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