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National Debt Advisors – Latest Posts

Petrol price will hit SA consumers hard

Petrol price will hit SA consumers hard

Just as it seemed South Africans were recovering from the harsh lockdowns of 2020, whopping petrol price increases came into effect on Wednesday, 7 April 2021. The latest fuel adjustment for April 2021 has been published by the Department of Energy, and it does not...

POPIA

POPIA

The Protection of Personal Information Act 4 of 2013 (POPIA) came into effect in 2020, but companies were given a grace period until 1 July 2021 to comply. Should they not comply with the Act, they may be slapped with a fine of up to R10 million or face prison time of...

What can debt collectors do?

What can debt collectors do?

South Africa has nearly R2 trillion worth of consumer debt. It therefore stands to reason that debt collection has become a very lucrative industry in South Africa. You will normally have to deal with a debt collector when your account has been handed over by one of...

Single Mothers are Struggling

Single Mothers are Struggling

The financial industry relies heavily on statistics to give us an overview of how people are coping. Stats released by Tyme Bank revealed that 64% of most South African women run out of money before month end. These stats come from before Covid. So, it makes sense...

Need a loan but under debt review?

Need a loan but under debt review?

Many debt counselling companies in South Africa see the process of debt review as a product. A sale on which an agent earns commission. In viewing it in this manner, they fail to disclose everything about the debt review process. The good, as well as what some may...

Retirement Fund Reform 2021

Retirement Fund Reform 2021

The South African Government has been in discussion since 2011 about introducing extensive retirement reforms to promote a culture of retirement savings. Many of these reforms were initiated, with the latest being the annuitisation of provident funds. Ridhaa Damon, MD...

Budget Speech 2021

Budget Speech 2021

“We owe a lot of people, a lot of money.”These were the words of Finance Minister, Tito Mboweni, as he delivered the 2021 Budget Speech. Here are some key points from Budget 2021 A surprise surge in tax from mines, plus a faster-than-expected recovery in VAT income,...

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