Guiding consumers since 2009

FNB on recession watch

By Staff Writer

FNB is on recession watch; the rest will come around

From Business Report
By Cees Bruggemans

Not everyone has made the jump to such a drastic deterioration in economic outlook, even though the consumer confidence index of First National Bank (FNB) and the Bureau for Economic Research (BER) has fallen suddenly this year. Give them time and they will come around. FNB is on recession watch, purely led by data, momentum and events - and policy choice. We are joining the US, UK and New Zealand on recession watch.

Justmoney.co.za says:

If FNB is putting it's money where it's mouth is, we are also worried. A recession might not happen, but be on the watch for it. Conduct a financial health check on yourself, consolidate your debts, seek debt management

Recent Articles

Featured What’s the deal with underwriting?

When you apply for a long-term insurance policy, a financial adviser will ask some personal questions about your lifestyle, family history, health, and even ask you to take some medical tests. This process is called underwriting, but is it really necessary?

 

How are you taxed on your retrenchment package?

Unemployment is one of the biggest problems in South Africa. The emergence of the Covid-19 pandemic has exacerbated the situation with a lot of companies retrenching their employees.  When retrenched, you’ll receive a retrenchment package, but do you know how much tax you’re liable for?

Car repossessed – don’t be taken for a ride

When the country is facing an economic downturn, chances are your finances will feel the pinch. This can lead you to make bad financial decisions such as skipping your vehicle payments. But every decision has consequences and if you don’t pay your instalment, the bank will repossess your car. But what can you do when this happens?

 

Why you should consider gap cover

Your medical aid should protect you from incurring large medical bills when you’re sick. But what if your plan doesn’t cover the full cost of your medical expenses? We got in touch with insurance experts to find out whether gap cover is worth having.

Deals

Office furniture at discounted prices at BDK

Price: Available on request
When: Daily
Where: Johannesburg

Da Vincis Happy Hour Special

Price: Available on request
When: Daily
Where: Cape Town

Use your Absa card and get 30% cashback at Dis-chem

Price: Available on request
When: Daily
Where: Nationwide


Latest Guide

Guide to debt rehabilitation solutions