skip to Main Content
NCR
REGISTERED DEBT COUNSELLORS
PFA
PUBLIC FAVOURITE
AWARD
SAIFF
CERTIFIED
PARTNER
Tel: 0861 100 999 | Mission Control - Login
Five Financial Lessons From 2014 – Insurance Gateway

Five Financial Lessons from 2014 – Insurance Gateway

Five Financial Lessons from 2014

In this Insurance Gateway article Wikus Olivier, debt counsellor at DebtSafe, discusses the five financial lessons from 2014.

Wikus explains that these lessons have a significant impact on South African consumers’ debt. These lessons are also important to understand in order to plan properly for 2015. The five financial lessons from 2014 include:

  1. Fuel prices – 2014 saw the price rise to over R14 per litre
  2. Banking blunders – the almost-crash of African Bank Investments Limited (Abil)
  3. Rising repos –two repo rate increases throughout 2014
  4. Income issues – the alarming increase in South Africa’s unemployment rate during 2014
  5. Downgrading damper – with the downgrading of South Africa’s credit rating