Guiding consumers since 2009

It's worse than we thought

By Staff Writer

It's worse than we thought  

By Robert Laing 

From thetimes.co.za 

Eskom outages knocked the economy harder than predicted during the first three months of this year.

The first quarter's headline GDP growth tumbled to 2.1 percent from the 5.3 percent achieved in the final quarter of last year.

Five days without power in January followed by rationing resulted in mining's component of GDP growth nose-diving 22 percent.

Justmoney.co.za says:

Credit conditions are tightening. Now is the time to take stock of your finances. Check that your credit card is helping rather than hindering you. Update your vehicle finance to get the best deal. Look at how you service your debt costs and consider consolidation. Interest rates will rise and the banks will follow. Check out your bank account to see if it will change your liabilities with the new interest rate. If you want to pay off your debt with a personal loan, compare the options to get the best deal. 
 

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