Government moots debt forgiveness for consumers

The Department of Trade and Industry has suggested  to Parliament that the National Credit Act should be changed to allow the Minister of Trade and Industry to announce debt relief measures for those who cannot afford to pay their debt . Parliament’s Portfolio...

Consumer Credit by the numbers – is it getting better?

South African consumers are buckling down and their management of household debt has shown improvement. Starting with collection of outstanding debt, where a clear improvement in consumer behavior is evident. The total number of civil judgments recorded for debt...