Latest News & Developments
debt market
City of Tshwane cuts power to defaulting businesses amid R30 billion debt crisis
The City of Tshwane intensifies its revenue collection efforts, cutting power to businesses with outstanding debt, including Shoprite's landlord, as it seeks to recover R30 billion.
Mixed reaction over Tshwane's proposed R10 billion debt relief for unpaid bills
The City of Tshwane's proposed R10 billion debt write-off has sparked mixed reaction, with concerns over its impact on responsible payers and the criteria for eligibility.
Making Debt Work for Africa
How the Debt Management Forum for Africa aims to transform public debt into a powerful tool for sustainable growth and citizen engagement.
Electricity minister Kgosientsho Ramokgopa steps in to resolve Eskom and City Power billing dispute
Power utility Eskom has withdrawn its threat to cut power supply to City Power, after Minister of Electricity Kgosientsho Ramokgopa has stepped in to intervene to resolve dispute of City Power’s billion rand debt.
More than R2. 5 trillion in outstanding personal debt can be deployed to ‘kick-start’ local economy
According to the organisation which represents some of the debt counsellors operating in South Africa, around R70-R100 billion of this outstanding debt belonged to consumers who were in debt counselling, with an estimated R15 billion currently being paid back annually.
Time to think about debt-counselling sector as part of South Africa’s asset-management industry
Sector could potentially add R25 billion to the economy.
Balancing Debt-To-Income ratio is crucial
In today's economic landscape, understanding or trying at best to balance one's Debt-To-Income (DTI) Ratio is crucial.
New terrain for financial advisers: Balancing the two-pot retirement system and responsible management
The writer cautions against the opportunity cost of tapping into retirement savings to pay off debt.
Key things to consider before committing to credit
Different types of credit are available to alleviate the financial pressures. Picture: Independent Newspapers.
Middle class and high income consumers are struggling to pay off their debts
The Experian Consumer Default Index has revealed that middle-class and rich consumers are having a hard time paying off their debts.
Load-shedding stifles communication between debt counsellors and clients: NDCA
Load shedding is negatively impacting the operations of the debt counselling industry.
Words on Wealth: Don’t let debt follow you into retirement
Many more South Africans are applying for debt counselling, which may be a bad thing or a good thing, depending on how you look at it.
Debt troubles growing for higher earners
Last year, 2023, may have been the worst year financially for South African consumers at least since the 2008 global financial crisis.
Demand from consumers for debt management increases: Debt busters
These were some of the findings from DebtBusters’ Q3 2023 Debt Index, a quarterly review of data drawn from debt-counselling applications.
Spring clean your finances
Financial management tips from motus. cars to help you get the best value for your money.
A four-point action plan to know your customer and avoid bad debts
Businesses are more likely to go under in a high-interest-rate environment than they are in a low-interest-rate environment due to the higher cost of borrowing money.
Fitch Ratings agency warns that Eskom’s rotational power cuts will hamper South Africa’s economic growth
This comes as Eskom will continue implementing various stages of loadshedding for the foreseeable future until the situation has been normalised after the full return to work of all striking employees.
WATCH: Biden-Harris administration cancel $5. 8B in student debt of ex-Corinthian Colleges students
In the Education Department's largest group cancellation of federal student loans, the Biden administration will forgive $5. 8 billion in debt held by 560,000 former students of the defunct for-profit chain Corinthian Colleges.
Debt counselling offers new lease of life for over-indebted consumers: NCR
Consumers contemplating debt counselling should first understand the terms and conditions.