Guiding consumers since 2009

Good week, bad week: 6-10 December 2010

By Staff Writer
Good week:

Consumer credit: Of the 18.35 million credit-active consumers, 53.7% (9.86m) were classified as in good standing, this improved from the previous quarter. Good news for those struggling with debt.

Buying a house: Experts reckon that buying a home as soon as you start your first job is a better decision than waiting to buy until you are married or starting a family..

Fair treatment in the work place: As an employee of any company in South Africa, you are protected by some of the most progressive labour laws in the world. Want to know what they are? Find out here.


Bad week:

Ombudsman warns against driving through water: Car engines which are damaged due to driving through pools of water on the road might not be covered by some insurance policies

 

Recent Articles

Featured It’s possible to change your marriage regime

Many people wed before they sign an antenuptial contract (ANC). This is especially practiced by people in customary marriages and those not clued up about the ANC. The law says if there’s no ANC before the wedding takes place, the marriage will automatically be in Community of Property. 

Keep this in mind when taking out new financial products

Adding a product to your personal finance portfolio, such as insurance or an investment, is a big decision. We found out what you should keep in mind before taking out a new product, how you can assess the products you already have, and how you can generally improve your financial position.

Are you in debt denial?

With debt levels increasing at 13% more than income levels, South Africans are more debt-stressed now than arguably ever before. This is iterated by the National Credit Regulator’s (NCR) report that nearly half of credit-active consumers in South Africa have damaged credit records. However, only a few seek the necessary help.

Why should you invest in a mutual bank?

Often when people think about banking, they always think about commercial banks. Mutual banks hardly come to mind, but these banks offer investment opportunities that are often overlooked.

 

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