Guiding consumers since 2009

This Week In Review: 24 - 28 May

By Staff Writer

Monday:
Electricity price-hikes are set to hit South Africa hardest during the months of winter and Jacob Zuma has encouraged citizens to save electricity so that load-shedding can be avoided. Read more about Zuma asking South Africans to save electricity.

Tuesday

A recent report by the NCR revealed that the value of new credit granted in the fourth quarter of 2009 increased by 18.13%. Read more about unsecured credit increasing.


Wednesday
With unsecured credit on the up - the NCR has encouraged South Africans to opt for wise financial planning in order to avoid the debt trap. Read more about needing to avoid the debt trap.


Thursday
Finance Minister Pravin Gordhan has said that despite the recession being over the economic times that lie ahead are pretty uncertain. Read more about the uncertain economic times.

Friday
The three-week long strike which left many South African commuters frustrated and stranded finally came to an end on Friday but what was the cost? Read more about how much the Transnet strike cost South Africa.

Recent Articles

Featured 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. 

Can you afford a personal loan?

Taking out new debt is not always a choice. However, if you’re not pressed by a medical emergency or an unforeseen disaster, it’s worthwhile considering whether you can actually afford it. But what does it mean to “be able to afford a personal loan”? What percentage of your income should you not exceed dedicating to it? 

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