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Debt Solutions Blog

Get sound financial advice you can trust and stay up to date on how to manage your money, reduce debt, build your savings and enjoy financial freedom and sucess

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July 2017

Credit Tribunal Cracks Down on Retailers For Club Fees

By |July 5th, 2017|

In recent months the Credit Tribunal has been hot on the heels of major South African retailers with Edcon being the first to feel the heat, however, they have not stopped there and continue to pressure South African retailers regarding their consumer credit practices. The referral of Mr Price to the National Consumer Tribunal for [...]

How To Save On Your Electricty Bill

By |July 5th, 2017|

Electricity prices are always on the rise and utility bills are getting ugly with Eskom not being the most reliable service provider along with more people being added to the grid every year the pressure on the South African infrastructure is high. To keep up with demand costs will be incurred by the consumer so [...]

Tips To Reduce Your Water Bill

By |July 4th, 2017|

Cape Town has been hit by the largest drought in years and this water crisis has been an alarming wake-up call for all in the province, with its six dams having less than 20% of usable water left. This leaves the City of Cape Town with about 100 days of water left. While the northern [...]

June 2017

Government meddling with central bank Independence Could Drive SA Deeper into Junk Status

By |June 30th, 2017|

Credit rating firm S&P Global warned South Africa on Tuesday that its rating could be cut deeper into junk territory if the government meddles with the “critical” independence of the country’s central bank. A row over the South African Reserve Bank has escalated this week after the head of the country’s constitutionally-mandated anti-graft watchdog called [...]

Intriguing Facts About Loans For Candiates With Bad Credit

By |June 22nd, 2017|

Many of us face unforeseen problems due to bad credit from time to time and with it comes the feeling of being lost as you are not able to come out of an emergency situation. For those in these dire straights, there may be hope as they could still be eligible for getting the assistance [...]

2017 Repo Rate Cut Back Expected From The Reserve Bank

By |June 18th, 2017|

The latest financial reports indicate that South Africa’s economic growth will be much softer this year after the country slipped into recession in the first quarter, and with inflation easing an interest rate cut is back on the agenda, a Reuters poll found. Africa’s most industrialised nation is expected to expand 0.7% in 2017, 0.2 [...]

Finance Minister Announces Plans For Further Budget Cuts

By |June 17th, 2017|

South Africa’s Finance Minister Malusi Gigaba said on Thursday the Treasury was looking for ways to cut government spending further and reallocate funds to help boost growth while maintaining its fiscal target. Gigaba, who was appointed as finance minister in March after President Jacob Zuma sacked Pravin Gordhan, a favourite of international investors, is battling [...]

National Credit Regulator Sees Rise of Recession Ahead

By |June 17th, 2017|

South Africa could see a spike in bad loans as the first recession since 2009 hits millions of chronically indebted consumers struggling to pay back credit totalling R1.7 trillion ($133.19 billion), the National Credit Regulator (NCR) said on Wednesday. Africa’s most developed economy slipped into recession in the first quarter, compounding a slew of negative [...]

Moody’s Downgrades South Africa’s Credit Ratings

By |June 10th, 2017|

International rating agency Moody’s on Friday downgraded the country’s long-term foreign and local currency debt ratings by one notch from Baa2 to Baa3, with a negative outlook, keeping it at investment grade which further compounds South Africa's depressed economic status since the S&P announcement recently. Note: To find out more on the S&P junk status [...]

May 2017

10 Ways Stay At Home Moms Can Save Money

By |May 29th, 2017|

Let's face it, times are tough, with junk status and the state of the economy we all need to start running a tighter ship and cutting out a few unnecessary expenses. For single-income families, this can be especially true as one pay cheque doesn't seem to go as far as it did a few years [...]