COVID-19 has brought unexpected changes for the country, the economy, businesses and the South African consumer. Due to these abnormal circumstances, the Repurchase Rate (mostly known as the Repo Rate) has brought sudden positives to a few consumers. Especially, current homeowners. Since the beginning of the year, the South African Reserve Bank has cut its
What’s the deal with consumer rights? Well, it is kind of a big deal when it comes to standing up against reckless lending practices or retailers contravening the Act. Think about it – if you did not have any rights – what about the continuous exploitation you, the consumer, would have to endure? As the
Due to the fast pace exploitation of consumers’ shopping experiences and need for instant gratification, it is undeniable how easy it is for consumers to thoughtlessly swipe a store, credit, cheque or awards card these days. Many South Africans currently find themselves in this so-called “mindless-swiping culture” and it is doing more damage than good.
Happy Human Rights Month to each and every South African. Since Human Rights Day and World Consumer Rights Day are highlights on the government’s calendar, DebtSafe has dedicated March to create awareness of consumers’ rights. One thing is for sure when it comes to consumers, their rights and credit – DEBT does NOT discriminate. According
Whether South Africans make extra debt just to get by or whether they take out credit to upkeep various responsibilities and lifestyles, credit is indeed a reality for many consumers. Not to even mention possible credit splurges that are still on the way this 2018 silly season. So, it is easy to imagine that consumers
South African women don’t only tackle their daily schedules hands-on; they are also known as providers, chauffeurs, caretakers and so much more. It is therefore fair to say that women need all the support they can get – even if it requires financial guidance along their way. Since women endure and take care of various
Loans, clothing accounts, expensive furniture buys and credit upon credit. The South African consumer’s debt struggle is heart-wrenching and unfortunately very real. Then there is also reckless credit to worry about. According to the National Credit Act (that aims to be fair and non-discriminatory), all consumers have the right to apply for credit (section 60).
This month is an important reminder of South Africans’ human rights, and rightfully so. But, if there is one thing that the South African consumer should also take note of is, that World Consumer Rights Day is celebrated on the 15th of March. Consumers are primarily responsible not only to make sure they protect their
#DebtExit On the news side of things – many citizens anxiously awaited a new open door for South Africa. With so-called wishes in all probability coming true, aka recent highlights, perhaps the economy has a chance to start gaining momentum for a change. But, putting aside national politics – what exit doors do consumers usually
The perfect story – boy meets girl, you fall in love and move in together… In some cases your ‘partnership’ develops into a ‘wedlock’ (wed-LOCK *wink wink nudge nudge*). BUT have you ever considered the possibility of an unfortunate breakup and unhappy ending? What financial implications are you left to deal with when years of