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National Debt Advisors – Latest Posts

Save on Fuel: Tips for Moneywise Motorists

Save on Fuel: Tips for Moneywise Motorists

Save on Fuel: Tips for Moneywise Motorists   Save on Fuel Last night, fuel prices were hiked considerably, hitting motorists hard. However, there are ways you can save on fuel. Regularly servicing your car and tweaking your driving habits will ensure you burn...

Prepare for a Spate of Price Increases in April

Prepare for a Spate of Price Increases in April

Prepare for a Spate of Price Increases in April   Fuel Price Increases April is set to be a grim month for consumers, who can anticipate a spate of price increases. This month, electricity tariff, repo rate and fuel price increases will take effect. Including a...

Should Sarb Suspend Inflation Targeting?

Should Sarb Suspend Inflation Targeting?

Should Sarb Suspend Inflation Targeting?   Suspend Inflation Targeting The South African Reserve Bank’s (Sarb) monetary policy committee (MPC) should acknowledge that exogenous (external) forces, particularly drought, are driving inflation. Thus, it...

Debt Forgiveness: ANC’s Suggestion for the Poor

Debt Forgiveness: ANC’s Suggestion for the Poor

Debt Forgiveness: ANC’s Suggestion for the Poor   Debt Forgiveness for the Over-indebted A ‘debt forgiveness programme’ for low-income groups was suggested by Adrian Williams of the ANC. “This shouldn’t be for the rich who have just been spending recklessly,” he...

Tax Implications of an Interest Free Loan

Tax Implications of an Interest Free Loan

Tax Implications of an Interest Free Loan   Interest Free Loan What are the tax implications of making a big interest free loan to a family member, say for a house? Your intention may be to spare them the burden of paying interest on a big bond. But, is there a...

SA Consumer Debt – Don’t Get Trapped

SA Consumer Debt – Don’t Get Trapped

SA Consumer Debt – Don’t Get Trapped   Consumer Debt in South Africa Consumer debt is a major problem in our country. For this reason, we should all be at our most vigilant, when it comes to over-committing ourselves to consumer debt. South Africa’s economic...

Top SA Municipalities Owed Debt

Top SA Municipalities Owed Debt

Top SA Municipalities Owed Debt   Municipalities Owed the Most Consumers owe over R117 billion in services and rates debt to municipalities across South Africa, according to a report released by the National Treasury. Of all the provinces, KwaZulu-Natal is among...

SIM-swap Scam Loses Victims Hundreds of Thousands

SIM-swap Scam Loses Victims Hundreds of Thousands

SIM-swap Scam Loses Victims Hundreds of Thousands   FNB, MTN SIM-swap Scam The First National Bank (FNB) and MTN SIM-swap scam, whereby consumers were robbed of hundreds of thousands of rands was allegedly an inside job, according to a private forensic...

Electricity to Cost More for Consumers

Electricity to Cost More for Consumers

Electricity to Cost More for Consumers   Electricity Tariff Hike Approved A 9.4% electricity tariff hike  was approved by the National Energy Regulator (Nersa) for 2016/17. This after Eskom applied to recoup R22.8 billion in 2015, which it claims to have used to...

Collectors Continue to Demand Payment of Prescribed Debt

Collectors Continue to Demand Payment of Prescribed Debt

Collectors Continue to Demand Payment of Prescribed Debt   The Prescribed Debt Amendment When the National Credit Act was amended in March 2015 to prohibit the collection of prescribed debt, we all breathed a sigh of relief. The amendment was not introduced as a...

Price of Petrol to Drop on Wednesday!

Price of Petrol to Drop on Wednesday!

Price of Petrol to Drop on Wednesday!   The price of petrol (95 and 93 octane) is anticipated to drop by 69c on Wednesday, 2 March 2016, according to the Department of Energy. Whereas, the wholesale price of diesel (0.05% and 0.005% sulphur) is expected to rise...

Consumer Protection Bodies Join Forces!

Consumer Protection Bodies Join Forces!

Consumer Protection Bodies Join Forces!   Enhanced Consumer Protection To enhance consumer protection, the National Consumer Commissioner Ebrahim Mohamed has highlighted the necessity for consumer protection bodies to support one other’s work efforts, instead of...

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