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National Debt Advisors – Latest Posts
NSFAS applications still closed
We are nearly in November 2021, and the National Student Financial Aid Scheme ( NSFAS) has not yet opened their applications for funding for 2022. This really does add considerable strain to the matric class of 2021, who have to write their final...
Rising fuel prices are catastrophic for consumers
November 2021, will see catastrophic increases in fuel prices. The Automobile Association (AA) indicates that higher brent crude prices will see: Petrol 95: increase of 98 cents per litre; Petrol 93: increase of 96 cents per litre; Diesel 0.05%:...
Where there is a will, there is a way
75% of South African’s die without a valid will in pace. Your will is probably the most important document your will ever sign. It “speaks” for you – when you are no longer here. Many families, have been torn apart by a death, as they fight over a...
The link between debt and depression
The link between debt and depression - don’t let your money damage your mental wellbeing With October being Mental Health Awareness month, the pandemic has only served to reinforce the link between our money and our mental health. The regulated...
Lack of child maintenance adds to the financial struggle
The lack of child maintenance payments (mostly by absent fathers) can cause huge financial distress. Though there is legistaltion in place, the system and processes are sadly, very flawed. This often leaves the mother, and the child/ children...
Elections affect your pocket
Local elections are upon us. Who you choose affects your personal finances. This is especially true if your are over-indebted and struggling with your finances. Here are some things to consider when making a choice: Does your prospective ward...
Don’t break the bank for a matric ball
A matric ball is a proud moment for many parents. And for parents of children from disadvantaged areas, who overcome huge obstacles to get this far – it is a particularly special moment. However, I do feel that some parents are going way overboard...
South Africans are waking up to the befits of debt counselling, but more education is needed
Recent statistics released by Veri Cred Credit Bureau (VCCB) show the staggering scale of the debt crisis faced by South African consumers. The data puts the current debt - which represents all the debt still outstanding at the end of Q2, 2021...
NDA CEO answers some FAQ’s
NDA CEO, Sebastien Alexanderson answers some frequently frequently asked questions around debt review. Are consumers currently flocking to debt counsellors? There has definitely been an increase in the number of enquiries into debt...
Getting to know the CEO – Part 2
7) What's the worst investment mistake you've made? If my CFO is reading this, I hope he is sitting down! All successful entrepreneurs will all tell you the same thing. There is no success without the understanding of failure. And if we can use...
Getting to know the CEO – Part 1
1) What’s your one top tip for doing a deal? Highest energy wins. Business is all about creating momentum, fair exchange and energy. By remaining constantly curious, open minded, remembering to be passionate and feed energy into whatever you do ...
Our heritage as poor savers and big spenders has lead us to a debt pandemic
During Heritage Month wherein we acknowledge and celebrate our cultural diversities - it would be amiss to not take a look at our past, and its impact on how we navigate our finances. As a result of our historical inequalities, a huge disparity...
