Guiding consumers since 2009

The week of 3 to 7 May 2010 in review

By Staff Writer
Monday
After ABSA got slapped with a law suit for lending money to a pensioner in Port Elizabeth who could clearly not afford it, the banking Ombudsman revealed that reckless lending is actually quite common in South Africa. With the National Credit Act having the reputation it does, who'd have thunk it? Read more

Tuesday
South African playboy Lolly Jackson was murdered on Monday night and so we took a look at how much his cars are worth. He owned quite a few high end sports and vintage cars and you might be shocked when you read just how much he spent on these bad boys. Read more

Wednesday
Picasso's artwork broke a record at an auction on Tuesday night when it was sold for an absolutely staggering $106.5 million, but it wasn't the only work of art that coined it. Read more

Thursday
With the World Cup around the corner and football fever gripping the country, SAFA introduce a R1-million for every goal scored by the national side incentive but with Bafana's average, that money should be safe. We took a look at what other high rolling sport incentives are out there. Read more

Friday
With all this cash-flashing going on, we all think the recession is over but strategist and scenario planner Clem Sunter burst our bubble when he said that there is an 80% chance that the current economic upturn is temporary. So, if the recession could talk, it would say: "I'll be back!" Read more

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