NDCA pushes for fit and proper requirements for debt counsellors
The Association’s proposal will embed COFI’s principles and the TCF outcomes into debt-counselling practice.
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Signs that consumers are becoming desensitized to high debt levels
Nearly half of South Africans dedicate more than 40% of their take-home pay to repayments – and there are indications of ‘savings fatigue’.
Gen Z may be the key to fixing SA’s debt crisis
While Millennials and Gen X buckle under rising debt, Gen Z’s openness to credit education and digital tools offers hope for reversing South Africa’s deepening financial crisis.
NCR issues guidelines for credit providers on debt counselling process and deductions
The changes, which include stricter compliance rules and clearer protocols for stopping debit orders, are designed to streamline the process and protect consumers.
Debt crisis deepens: South Africans using up to 75% of income to repay debt
DebtBusters’ Q4 2024 Debt Index reveals a worsening cash flow crunch, with rising reliance on short-term loans and record-high debt service ratios.
Why your salary feels smaller: purchasing power plummets as debt levels soar
Even as inflation eases, high interest rates continue to erode incomes, forcing many South Africans to rely on loans to get by.
South Africans ‘ignore’ debt woes: survey highlights growing financial strain
The Money Stress Tracker survey finds that consumers’ response to financial strain is long on intent but short on action.
