Tag: debt

In 1909, four women board a ship in Madras to cross the Kala Pani, the ‘black water’, to Natal. On board the ship, the women will form friendships and alliances. They will help each other through trial and trauma, even after they arrive and are separated.

The 1400+ participants of our South African Consumers’ Financial Reality June 2022 survey results provide various insights concerning their current financial situation. Consumers are experiencing dire financial times, and thus, #SavingsMonth is no celebration this year.

The economies in many countries have not seen a recession for more than a decade. Low levels of unemployment and low loss rates in retail credit have allowed banks to lose focus on their collection and recovery departments.

The investment landscape has changed profoundly over the past decade, making it easier than ever for individuals to take control of their own investment portfolios. It’s a simple matter for nearly anyone to trade shares via their online banking platform, for example, or to access a range of funds and products from an online stockbroker or wealth management firm.

The last few months have left South Africans reeling. A volatile and unstable economy, concerns around government corruption, crime at an unsurpassed high and soaring price, are leaving citizens disheartened and concerned about their future in our country.

Business insolvencies is expected to increase by +2% in South Africa in 2019 (after +3% in 2018). This is the first outright deteriorations since 2009 and the global financial crisis.

There is a humorous saying: 'The definition of insanity is doing the same thing over and over and expecting different results. 'It’s often attributed to Albert Einstein, but he isn’t the one who said it. It isn’t the definition of insanity either—but it does describe a trait we could call crazy. Our species tends to repeat past mistakes hoping our 'good intentions' will be enough to change the results—this time.

A workshop was recently hosted by National Treasury on the proposed changes in the draft Taxation Laws Amendment Bill, 2017 (TLAB) on converting debt to equity. These proposed amendments in the draft TLAB are in sections 19, new sections 19A and 19B, and paragraph 12A of the Eighth Schedule in the Income Tax Act 58 of 1962.

How to gain financial independence and create wealth While some women seem to excel at making their money work for them, others battle from pay...

The ConCourt ruling provides relief for homeowners on historical debt. The case The Constitutional Court in the Case of Chantelle Jordaan and others V City of Tshwane...