The party is over

By Staff Writer

Insolvency figures show that spend party is over

From Business Report
By Adam Harris

The most recent liquidation statistics suggest that the party of the past few years is over; that it's time to call it a day. The key findings recently published by Statistics SA reflect trends that are both worrying and significant.

The total number of liquidations recorded for the first four months of this year increased by 10.5 percent compared with the same period last year.

Justmoney.co.za says:

With the pressures on the economy expected to get worse, make sure that your finances are fixed up. Check that your savings accounts and bank accounts are giving you what you think they are.
Compare whether your credit card is providing the best possible deal.
Review your vehicle insurance and your life insurance. Consider whether a personal loan might be neccessary to consolidate your debt. Seek debt management before it is too late.

Recent Articles

Featured Your guide to debt counselling

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.

Read more

Should you take a sabbatical this year?

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.

Read more

A photographer’s journey into entrepreneurship

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.

Read more

Travel insurance through medical aid: Is it enough?

Having travel insurance as an added benefit with your medical aid is common practise, but what does it cover and is it enough?

Read more

Sign Up

To our weekly newsletter for advice you can bank on

Deals

Steers Varsity Cup Monday Madness

Price: R59
When: Mondays
Where: Kimberly

Old Mutual Actuarial Bursary

Price: R0
When: 26 March - 30 May
Where: Nationwide

Tsogo SunBreaks Vacay Special

Price: R1,115 per room
When: 15 -31 March
Where: Gauteng, Cape Town, and Durban