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National Debt Advisors – Latest Posts
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...
The SABC can take default judgement against you for outstanding TV licence fees
The SABC is not a credit provider, as credit required money to be borrowed and paid back over time. By contrast, TV licences were paid upfront – either on an annual or monthly basis. This means the SABC is not able to list a consumer as defaulting...
Don’t delay – take control of your finances today!
Everyone says that they want to take control of their finances – but they somehow never do! Let’s be honest, sorting through bills and contracts - and having the true state of your financial situation stare you in the face – isn’t how you want to...
Freedom Day 2021: Will we ever have financial freedom in SA?
As we get ready to celebrate Freedom Day 2021 in South Africa – we really must ask the question – when will the majority of South Africans be financially free? In 2019, the World Bank recognized South Africa as the most unequal country in the...
Avoid debt traps
Not all debt is bad debt – but we have to keep a careful eye on how we manage our finances, so that we can avoid becoming over-indebted and dependent on debt. Avoid unregistered micro-lenders / mashonisas This is a debt-trap if ever there was one!...
Age-appropriate money tips for children
It is sometimes incredibly difficult for adults to talk to children about money, since many adults don’t understand much around the topic themselves. It is because of this lack of financial education that young adults find themselves spending their...
