Apr 26, 2013
South Africans celebrating Freedom Day on Saturday 27 April are free to vote, but are held captive by debt – and see no way to free themselves from it. Sylvia Walker, market development manager at Old Mutual, says: “We must definitely celebrate our democratic...
Apr 9, 2013
South African businesses experienced growing debt stress levels in the fourth quarter of 2012, according to the KreditMetrix report published by Experian SA and Econometrix. The report is published on a quarterly basis. Business debt stress indicators, both average...
Feb 20, 2013
The National Debt Mediation Association (NDMA) saw a 60% increase in requests for mediation during the fourth quarter of 2012, from 538 cases in the third quarter to 1 352 cases in the last quarter. The increase was due to the introduction of service improvements that...
Jan 16, 2013
Gauteng has the highest consumer debt per capita of all nine provinces and accounts for almost half of total consumer debt held in South Africa. The average individual in Gauteng owes R4 260.00. This is according to the South Africa Survey, to be published by the...
Jan 14, 2013
Before taking on debt, the Credit Ombud, Manie van Schalkwyk, urges consumers to make sure they understand the true costs of borrowing and payment conditions. “You can end up paying many more times what you borrowed in interest alone,” says Van Schalkwyk. “Interest...
