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National Debt Advisors – Latest Posts
Entrepreneurial opportunities for SA youth
The greatest challenge currently facing our youth, is unemployment. Data by Stats South Africa at the start of June 2021 shows that the official unemployment rate among youth (15-34 years) was 46.3% in the first quarter of this year. Whilst many...
Youth and Money
Most children’s attitudes to money are shaped by their parents – and they tend to absorb much more, and much sooner than we sometimes realise. Charnel Erntzen, Managing Director of National Debt Advisors says: “From online take-away foods and...
Demystifying debt review (part two)
So many people are affected by overwhelming debt, yet they don’t want to consider the option of debt review, because of all the negative stories that they have heard about it. Yet, there are thousands of good stories to be told as well. However,...
Keep track of your money
Spending versus income is one of the basic concepts of personal finance. If you are spending more that you earn, and / or you are constantly seeking new lines of credit to pay for your everyday expenses and existing debt – then you could have a...
The facts around funeral cover
Funeral insurance is the most popular financial product in SA. In a time wherein money is tight and even the smallest monthly premiums make a difference it is important to know what you are paying for, if it is what you and your family need – and...
Disputes after death
Losing a loved one can be extremely traumatic – and grief often brings families together. Sadly, there are many times when these states of bonding only lasts until the will is read – if there is even a will! Many a drama and ugly dispute can be...
Demystifying debt review (part one)
There are lots of myths surrounding the debt relief option of debt counselling in South Africa. Most misinformation is there because of the lack of financial literacy and education available to consumers. We sat down for a candid discussion with...
Repo rates remain the same
The South African Reserve Bank’s Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 3.5%. In a statement on Thursday afternoon (20 May) the Reserve Bank governor Lesetja Kganyago announced that the South African Reserve...
Middle income South Africans are in trouble
Results for the period 1 October 2020 to 31 March 2021, has been published by financial services company, Transaction Capital. Their research has confirmed what many have suspected for a while – Covid 19 and a struggling economy has placed huge...
Single mothers are more prone to seeking credit
According to an analysis done by National Debt Advisors' (NDA) Research Department during the peak of the Covid-19 pandemic from March to December 2020, 80% of South African households spent their hard-earned income on paying off their debt. In...
Changing your lifestyle to live on less
Research done by technology company, M4Jam has found that: household essentials like food, utilities and transport had increased since the onset of Covid-19, 32% of respondents said their monthly costs had risen by up to R800 17% had watched their...
SA not out of the woods yet
New data shows majority of South Africans are defaulting on their personal loans – and we’re not out of the woods yet. As a nation, our dismal track record in terms of debt and defaulting on repayments is nothing new – but the onset of COVID-19 has...
