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National Debt Advisiors – Release
Recession: Wake up call for SA consumers
After two consecutive quarters of economic decline, South Africa has now entered a technical recession. In the last quarter of 2019, seven out of the ten broad industries that make up the GDP, contracted. However, according to Sebastien Alexanderson, CEO of National...
Middle class South Africa: why “middle income” households are under pressure
For years the middle class in South Africa was seen as the safe zone. You had a steady job, could afford decent middle income housing, maybe drove a financed car and took a holiday now and then. Then Covid hit. The economy stalled. And suddenly, being “middle income”...
Emergency loans in South Africa: what to know before you click “apply”
When life blindsides you, emergency loans can feel like the only lifeline. The car breaks down the week before payday. A medical bill pops up. A family funeral needs to be paid for, and you’re already stretched. In South Africa, there’s no shortage of lenders...
Debt counsellor: friend or foe? How to choose the right help in South Africa
When you’re drowning in debt, a debt counsellor can look like either a hero or a shark. On one hand, they promise lower instalments, legal protection and a clear plan. On the other, you’ve probably heard horror stories about people who felt abandoned, misled or...