Guiding consumers since 2009

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 Fuel rewards programme – how to fill up on petrol and points

South Africa’s volatile economy has often meant that factors like the fuel price bear the brunt. This year alone the country’s fuel price has fluctuated by between R1.50 to almost R3, which has put increasing pressure on motorists. That said, many of the bigger South African brands have provided some relief by way of fuel rewards programmes.

Are you entitled to your spouse’s pension after divorce?

Divorce means more than just parting ways with your partner. It may also involve parting ways with your assets. The Divorce Act states that your retirement fund forms part of your assets. This means that it will be considered when dividing up your assets.

Retrenched – what payments are you entitled to?

In the current struggling economic climate, retrenchments are a regular occurrence and not everyone survives the cut. If you find yourself on the receiving end of retrenchment you may have questions about the payments that are due to you.

Do you want to settle your debt?

You may be considering settling your credit account, whether it’s a credit card or various store accounts, now may be as good a time as any. This especially if you have saved, or you received a tax return or salary bonus. 

Deals

Builders Black Friday Special

Price: R5000
When: Until 29 November 2019
Where: Online

Café Rousse Monday Special

Price: Available on request
When: Mondays
Where: Nationwide

Skye Bar Mojito Special

Price: R55
When: Until 31 December 2019
Where: Johannesburg