Financial Advice
The repayment of high-interest loans to unscrupulous moneylenders is a serious problem for many South Africans. Some borrowers even take on additional credit to pay off previous loans, and subsequently become trapped in a downward spiral of debt.
Being over-indebted can be extremely stressful. This is when you find yourself not having enough money to meet your needs whilst trying to pay off existing debt.
Santa is staying at home this year; he and Ms Claus will be baking cookies as gifts and sending the elves on financial wellness courses - a frugal policy which would be supported by Andre Snyman, CEO of Consumer Assist. "There is a definite strategy tied to using Christmas bonuses and not one of them has the word "spend? in them,' advises Snyman.
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