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Updated
2012-05-15
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Anti-duplicate ID drive launched: May 11 2012 by SAPA
Home Affairs Minster Nkosazana Dlamini-Zuma has urged South Africans affected by the duplication of their identity documents (IDs) to come forward.
She was speaking at the launch on Friday of a drive to deal with duplication of IDs, which has affected 112 000 South Africans.
Dlamini-Zuma said the campaign would be divided into two phases, with 29 000 names published in the first phase and 83 0...read more on 'Anti-duplicate ID drive launched: May 11 2012 by SAPA'
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2012-02-15
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Getting the most out of your Credit Status by Chris van Rensburg
So we have all hear about this thing called a credit status, we all have one, some good, some bad. Have you ever tried asking someone what makes up a credit status and therefor why some are better than others?
Kudough (www.kudough.co.za) is an online resource for consumers to understand, monitor, improve and protect their credit status. Kudough provides an interactive web experience with debt ma...read more on 'Getting the most out of your Credit Status by Chris van Rensburg'
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2012-05-15
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NCR received 443,828 calls since inception- I-Net Bridge
The National Credit Regulator (NCR) has received 443,828 calls since its inception.
This is according to its acting CEO Nomsa Motshegare, who was speaking at a debt management and savings outreach programme in Soweto on Monday.
Motshegare added that the NCR had recorded over a million hits on its website since it was launched and it had also received 12,080 complaints from consumers and resolved...read more on 'NCR received 443,828 calls since inception- I-Net Bridge '
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2012-05-15
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Millions of SA households in financial difficulty Author: Marc Sternberg 08 May 2012
South African households: 4.8% in inescapable debt, 48.5% can still recover. The abuse of credit is one of the key reasons why millions of South African households are in financial difficulty. A recent financial wellness study shows that nearly 60% of 3 000 South African households sampled were shown to be in bad debt.
The survey, which was a collaboration between the University of South Africa a...read more on 'Millions of SA households in financial difficulty Author: Marc Sternberg 08 May 2012 '
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2012-05-15
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Big banks agree to cut rates for indebted: May 11 2012 By Renee Bonorchis
South Africa’s biggest lenders had agreed with the government on a trial programme that would cut interest on R14 billion of loans to some of their most indebted customers, the head of the banks’ lobby group said on Thursday.
Loans to people in debt-counselling programmes would be rescheduled over five years, Cas Coovadia, the managing director of the Banking Association of SA, said at the World ...read more on 'Big banks agree to cut rates for indebted: May 11 2012 By Renee Bonorchis '
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2011-12-14
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Consumers’ financial ignorance ‘is alarming’, November 14 2011, By Roy Cokayne
The Ombud for Financial Services Providers is alarmed at the rate at which consumers keep losing money to phony investment schemes, including property syndication schemes, despite the work that has been done to educate investors.
“Consumers, especially the elderly, continue to lose money through these toxic investments,” ombud Noluntu Bam said at the launch of her office’s 2010/11 annual report ...read more on 'Consumers’ financial ignorance ‘is alarming’, November 14 2011, By Roy Cokayne '
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2012-02-15
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OUT OF CONTROL - Stafford Thomas Thursday, 27 Oct 2011
When the National Credit Act (NCA) was enacted in 2007, it was hailed as a death blow to reckless lending by credit providers and an end to consumers’ ability to overstretch their finances. In reality the NCA is a toothless tiger.
“We are seeing a new phase of reckless lending,” warns Paul Slot, a director of debt counselling firm Octogen and member of the National Credit Regulator’s (NCR) deb...read more on 'OUT OF CONTROL - Stafford Thomas Thursday, 27 Oct 2011'
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