The National Credit Regulator (NCR) reported more than 20 million consumers to be in debt in 2018 and 40% of them were behind with their payments. Due to the economic conditions in the country, many consumers find themselves incurring too much debt that they cannot repay.
In South Africa, sabbaticals are not as common among the general workforce – but they have become popular among executives and CEO’s. Justmoney finds out what a sabbatical is, how to convince your employer to let you take one, and how to manage your finances before and while you’re away.
This week Justmoney chatted to this 25-year-old to understand what makes her tick, what her thoughts on money management are, and the financial advice she has for other young entrepreneurs.
Having travel insurance as an added benefit with your medical aid is common practise, but what does it cover and is it enough?
Calculators
Have you ever wondered how much money you will need for your retirement? Or how much you will pay in taxes on your new salary? click on any of our free calculators below to work out exact numbers within minutes - it's as simple as a regular calculator.
Elize Botha, managing director of Old Mutual Unit Trusts, explains what credit downgrades are. This, in light of Moody's affirmation of South Africa's credit rating. Find out more here: https://bit.ly/2JzTtIk
Every year in February, after the State of the Nation Address, the finance minister presents the budget speech. Steven Nathan, CEO of 10X Investments, explains why the budget speech is important to all South Africans.
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