Latest news in the debt space
National Debt Advisors – Latest News…
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 brought with it a...
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 on a credit...
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 be spending your free...
12 May 2020
REK YOUR CHEQUE: Options for parents struggling to pay school fees — Daily Voice
Some of the most frequently asked questions during lockdown have been around the payment of school fees. Must you pay? Do you qualify for an exemption? Find out here!
5 May 2020
REK YOUR CHEQUE: Can you afford your car payment? — Daily Voice
Don’t lose your car during the lockdown. If your financial circumstances have changed, these are your vehicle finance payment options and how to avoid repossession. Read the article.
28 April 2020
REK YOUR CHEQUE: Government’s relief process lacks planning — Daily Voice
We unpack President Cyril Ramaphosa’s massive R500 billion Coronavirus relief package and explain the grants available — who will have access to them and how much they’ll get. Read the article.
28 April 2020
REK YOUR CHEQUE: New days for Sassa payments — Daily Voice
Many people are still unaware that they will not be getting their grants on 1 May, as SASSA decided to stagger grant payments. Moeshfieka Botha discusses the new dates. Read the article.
24 April 2020
REK YOUR CHEQUE: City providing financial relief amid Corona crisis — Daily Voice
The City of Cape Town is offering additional relief measures, effective immediately. Find out what these are, who they apply to and how you can access them. Read the article.
14 April 2020
REK YOUR CHEQUE: Stay inside and save if possible — Daily Voice
Times are tough, but so are we. NDA’s Moeshfieka Botha shares simple financial survival tips everyone can use during the Covid-19 lockdown. Read the article.
9 April 2020
Ease your worries with a debt counsellor — Daily Voice
If you are feeling nervous about upcoming debt repayments and are worried about paying short or even skipping bills, this is how a registered debt counsellor can help you. Read the article.
8 April 2020
[WATCH] REK YOUR CHEQUE: Debt options during lockdown — Daily Voice
These are your debt relief options, if you are sitting at home with the no-work-no-pay scenario and are worried about how you are going to pay your debt during the lockdown. Read the article.
31 March 2020
REK YOUR CHEQUE: Your financial rights amidst the Coronavirus crisis — Daily Voice
Moeshfieka Botha, Head of Research and Consumer Education at NDA, answers the most frequently asked financial questions during the Covid-19 lockdown. Read the article.
24 March 2020
REK YOUR CHEQUE: Virus remedy for small business — Daily Voice
NDA’s Moeshfieka Botha unpacks the debt relief fund that has been established to help ease the economic impact of the Coronavirus lockdown on small, micro and medium enterprises (SMMEs). Read the article.
17 March 2020
REK YOUR CHEQUE: Know your Ombud — Daily Voice
If the services of a financial institution — like a bank, credit provider or debt counsellor — lets you down, this is where and how you can lay a complaint. Read the article.
12 March 2020
Minimum wage not the same as a living wage — SowetanLIVE
Are you paying your domestic worker a living wage? NDA’s Sebastien Alexanderson and Shepherd Silayi provide insight into the difference between a minimum and living wage. Read the article.
10 March 2020
REK YOUR CHEQUE: The recession just got real — Daily Voice
South Africa has officially entered a technical recession. We explain how this could affect ordinary South Africans. Read the article.
3 March 2020
REK YOUR CHEQUE: Teach kids the value of money — Daily Voice
Children and money: NDA’s Moeshfieka Botha offers parents a few tips on how to discuss your financial situation with your kids — especially when money is tight. Read the article.
26 February 2020
REK YOUR CHEQUE: What is a credit score? — Daily Voice
Have you ever been declined for a loan or vehicle finance, and just didn’t know why? It could be because of your credit score. Find out more.
26 February 2020
REK YOUR CHEQUE: Don’t fear the term blacklist — Daily Voice
You don’t have to fear the term “blacklisted”. It simply indicates negative information on your credit report. Find out how to overcome the obstacles it brings. Read the article.
18 February 2020
REK YOUR CHEQUE: You don’t have to pay old debt! — Daily Voice
Did you know that you don’t have to pay old debt? NDA’s Shepherd Silayi and Moeshfieka Botha explain when debt prescribes and how to get it written off. Read the article.
11 February 2020
REK YOUR CHEQUE: Protect your cash from STDs — Daily Voice
Don’t lose your house, car and other valuables to financial STDs (sexually transmitted debts). Learn how to protect your cash in a relationship. Read the article.
4 February 2020
MIND YOUR BUSINESS: Women have their own strengths — Daily Voice
Women should stop trying to be like the men and realise their own strengths are way better, says Moeshfieka Botha: Head of Research and Consumer Education at NDA. Read the article.
4 February 2020
REK YOUR CHEQUE: Data prices must fall — Daily Voice
Data is not a luxury. It’s a necessity. Yet South Africans pay more per gig than most other African countries. See what we found after comparing data prices. Read the article.
30 January 2020
Reader letter: ‘We never see the borrowed money again’ — SowetanLIVE
A reader seeks advice on how to manage requests from his family for money against his own household needs. Shepherd Silayi, Senior Debt Review Manager at NDA, responds. Read the article.
28 January 2020
REK YOUR CHEQUE: Janu-worries is amper klaar — Daily Voice
The first REK YOUR CHEQUE column by NDA’s Moeshfieka Botha is here! Check it out every Tuesday in the Daily Voice for help on money issues we all face on a daily basis. Read the article.
9 January 202
How to free up cash to survive rising prices — SowetanLIVE
Food is now one of the biggest items in most people’s budget. Learn how to rein in this spend as your budget stays under pressure. Read the article.
18 September 2019
National Debt Advisers has a crucial role to play — IOL
Sebastien Alexanderson, CEO of NDA, discusses the new debt relief bill and role of debt counsellors in helping the financially distressed. Read the article.
17 October 2019
No-fee school finally gets computers thanks to teacher’s connections — All4Women
Thabo Mayosi is the driving force behind the initiative, which has seen 20 computers being handed over by National Debt Advisors (NDA), where he had worked while studying psychology through UNISA. Read the article.
17 October 2019
Call centre agent turned teacher calls ex-boss to get needy Cape Town school’s computer lab up and running — The Citizen
Mayosi reached out to NDA CEO Sebastien Alexanderson via social media to discuss the difficulties facing the school. “Within two months, we had 10 computers,” he said. Read the article.
17 October 2019
Call centre agent turned teacher calls ex-boss to get needy Cape Town school’s computer lab up and running — News24
NDA CEO Sebastien Alexanderson also started an organisation called South African Leaders of Tomorrow (SALT) through which he hopes to help disadvantaged schools. Read the article.