Tag: credit score

As Artificial Intelligence (AI) technology continues to evolve globally, its integration into the South African business landscape is becoming increasingly prominent. Companies across various sectors are leveraging AI to drive efficiencies, optimise operations, and create new revenue streams.

Against all odds, 2024 is still believed to be the year of the first-time homebuyer resurgence. And while it’s a slow climb to the top, a combination of low house prices, competitive bank interest rates and impending rate cuts has many aspiring homebuyers hungry to get into the property game.  

The trade finance ecosystem plays a crucial role in facilitating international trade by providing financing and risk mitigation services to importers, exporters and other participants in the global supply chain. In recent years, the trade finance ecosystem has undergone significant transformations driven by technological advancements and the growing importance of data – and we’re proud to be leading the charge in and for Africa.

For most landlords, tenant evictions are a last resort, due to the substantial expense, lengthy time and emotionally taxing nature of this complex process. However, with the Q2 2023 PayProp Rental Index revealing that the number of tenants in arrears has risen to an alarming 18.4% - the highest figure recorded since 2021 - many have found themselves with no choice but to seek legal recourse.

The integration of finance and technology, known as fintech, has revolutionised traditional banking and payment systems, transforming how we live, work and travel. Similarly, travel technology, or traveltech, has empowered travellers with convenient booking platforms and personalised experiences.

For those who have just won the Lotto – or in a more likely scenario – are exceptionally good at saving - choosing to buy a home in cash can have its advantages. However, this option also means forgoing tax benefits, and tying up a substantial amount of hard cash in a fixed asset for a long period of time.

The journey to joint home ownership can be an exciting one and may improve your chances of being approved for a home loan. However, whether you are financing a home as a couple (married or unmarried), as business partners or even as friends, a home loan is a serious and long-term financial commitment.

If you have taken out a loan or a store account, or have a credit card or a home loan, you have a credit record. A great way is to put your finances in order, especially after the costly generosity of the festive silly season – not to mention Black Friday. 

It's not easy to get a mortgage on your dream home if you're not employed full time and earning a fixed salary. Freelancers, those working on commission or sourcing their income from gigs, and many other independent earners, often find themselves facing a brick wall when applying for a home loan from banks.

Property subletting is becoming popular in South Africa, largely because of aggressive interest rate increases and the high cost of living. Many people look for subtenants to help them pay their rent, while others seek to sublet if they’re moving elsewhere and can’t get out of their current lease.