Car finance fiasco

By Staff Writer

Motor industry is running on empty  
By Thabang Mokopanele                                                                                              From
Businessday.co.za

FOUR years of booming sales accompanied by huge investments have come to a screeching halt as the motor industry faces the spectre of dealership closures and widespread job losses.

The motor industry, which has been a direct beneficiary of the expansion of the economy at an average rate of 5% every year since 2004, is now in the doldrums due to consumers' dwindling discretionary income .

Justmoney.co.za says:

Interest rates are widely expected to rise this week. Nobody wants to lose their cars or their homes. Check to see whether you can consolidate your debt. Review your vehicle finance and pay off your credit cards. Open a savings account and consider the home loan that you have. Times are getting tougher and now is the time to get your finances sorted out.

Recent Articles

Featured The real tax benefits of retirement annuities

We all know that having a retirement annuity (RA) helps us to retire comfortably and with dignity. But what many people miss are the tax benefits that are linked to an RA.

Request your credit report from the right bureau

With so many different credit bureaus in South Africa, it may be difficult to decide from which one to request your credit report. We have a look at what you should be aware of when selecting a credit bureau.

Applying for a home loan? Consider the repo rate

When you apply for a home loan, one of your top priorities should be to secure a low interest rate. In order to achieve this, you need to be familiar with the repo rate. We find out more about this.

Effective financial planning as a single parent

As a single mom or dad, it can be challenging to keep up with the ever-increasing expenses of raising a child. We have a look at the importance of setting up a budget as a single parent.

Deals

The President Hotel’s Sunday Lunch Special

Price: From R250
When: From 30 January 2022
Where: Cape Town

The Vineyard Summer Special

Price: Available on request
When: Until 28 February 2022
Where: Cape Town

Pure Day Spa Laser Treatment Special

Price: Available on request
When: Thursdays
Where: Durbanville


Latest Guide

Guide to debt rehabilitation solutions