Eskom to Apply for Another Electricity Tariff Hike

Eskom to Apply for Another Electricity Tariff Hike

On Wednesday, Eskom reported it had generated R4.6 billion in revenue this year. Two days after, the National Energy Regulator (Nersa) accepted the utility’s application to extend the amount of time it has to submit another electricity tariff hike application. This...
South Africa Loses 15,000 Jobs

South Africa Loses 15,000 Jobs

According to Statistics SA’s latest Quarterly Employment Statistics (QES) survey, 15,000 formal sector jobs were lost in the first quarter of 2016, to 9.237 million employees. ‘15,000 formal sector jobs were cut’ This fall reflects the economic contraction experienced...
Your Credit Record Explained

Your Credit Record Explained

Being in the dark when it comes to your credit worthiness is a very bad idea. An identity thief could be taking out credit under your name and not repaying it, wreaking long-term havoc with your record. Next thing you know, you need urgent credit and your applications...
Capitec Bank Freezes 2000 MMM Accounts

Capitec Bank Freezes 2000 MMM Accounts

Capitec Bank has closed 2000 accounts connected to the MMM Ponzi scheme, said The CEO of the bank, Gerrie Fourie. Earlier this year, Capitec began shutting down accounts linked to MMM and reporting them to the South African Reserve Bank (Sarb). The Ponzi scheme has...
5 Debt Relief Tips for Winter

5 Debt Relief Tips for Winter

Many of us seek out debt relief, as the cash-strapped winter months roll in. The chilly season is typically more costly as it calls for extra expenses. Others pray for debt relief during winter, hoping by some miracle we’ll make ends meet. If you want to fight the...