By Dr. Roelof Botha, Economic Advisor to the Optimum Investment Group Russia’s invasion of Ukraine is causing an extension of Covid-induced supply-side disruptions around the globe, with airfreight charges between Europe and Asia already increasing at a rate of knots. The international financial system is now facing a liquidity risk due to the freezing of
This month, DebtSafe is focusing on raising consumer rights awareness. Every year Consumer Rights Day is observed and celebrated on 15 March. And, it seems only appropriate to remind you and your fellow South African consumers that you have rights when it comes to taking out credit and that you CAN reclaim control of your
Be Open About DEBT & Reach Financial Goals Together “When it comes to taking care of your romantic relationship (involving the money side of things), you have to consider two essential aspects. Firstly, having regular discussions and open communication about your financial or DEBT situation, and secondly, proactively taking on the best solution(s) together as
Romance Fraud and online love scams are on the rise in South Africa. Protect yourself from fraudsters with these 10 questions.
The festive season is on your doorstep, and perhaps after this ‘dumbstruck year’, it can indeed be your season to welcome some joy and rest for a change. Yes, happy that the current year is coming to a swift end and that something better awaits you in 2021. But, whatever form of happiness you are
The 2020 year has been misleading, and it feels as if the calendar has skipped a few months. November is on your doorstep – the month where you and other consumers can choose to go bonkers during Black Friday or not. And, what’s more – this shopping phenomenon is not a one-day event anymore. No,
South Africans’ anxiety and stress levels can be worsened by a sudden change in their financial positions or circumstances. As highlighted by DebtSafe’s 2020 Financial Reality research, a concerning amount of South African consumers experience debt or financial stress when confronted with unexpected events or crises. Over 74% of consumers confirmed a crisis (the recent
Long before the COVID-19 disruption started the government (represented via the National Credit Regulator aka NCR) and financial institutions have continuously been warning consumers to be vigilant and not give away their personal information, or click on ‘inviting’ hyperlinks and opening unsolicited emails/messages. The recent pandemic period has, unfortunately, paved the way for hackers and
What beliefs or outdated mindset do you currently have that stops you from giving yourself (and your dear ones) a better financial life? Perhaps you have been taught a few things when you were younger that does not count or is not relevant anymore. Don’t you think the sooner you start to make a money-altering
There must be no worse feeling in the world than receiving a “WARNING” that indicates you better pay up, or else. That ugly, threatening letter from one (or perhaps more than one) of your creditors. When is too late, really too late for you? Being in arrears with your credit payments is not a favourable