DebtSafe Blog

The Latest Amendments to the National Credit Act

The Latest Amendments to the National Credit Act

The latest amendments to the National Credit Act, gazetted on Friday 13 March, carry far-reaching implications for both consumers and unsecured credit providers. These amendments were made in response to the exorbitant growth of over-indebtedness among South Africa’s consumers. Currently standing at an incredible R1.57 trillion. These amendments have taken us one step closer to

The Cost of Getting a Divorce

The Cost of Getting a Divorce

The rate of divorce continues to increase in South Africa, as seen by the massive increase of 28% in divorces reported by the Justice Department in their 2012-13 annual report. As a result, many South Africans are finding themselves in the strenuous position of not only ending a relationship but also managing the many financial

Safeguarding Your Stokvel

Safeguarding Your Stokvel

Stokvels – which date as far back as the 1800’s – are by no means a new concept in the arena of financial saving techniques. However, this seemingly unusual yet highly effective practice has recently seen a rapidly growing interest among South Africans. With its popularity largely accredited to mass disillusionment with the current state