IMPACT OF THE POSSIBLE CREDIT AMNESTY & DEBT IMPAIRMENTS – ALTERNATIVE SOLUTIONS FOR HOME BUYERS
The possibility of the implementation of the announced Credit Amnesty, the R20 million penalty imposed on African Bank for reckless lending and the realisation that unsecured and short term lending was getting out of control, already had a severe impact in the property industry as lenders are tightening their purses. Consumers who rely on debt to make ends […]
FINANCIAL LITERACY
The importance of financial literacy in buying and owning a home – flowing from the comments by Pravin Gordhan Finance Minister Pravin Gordhan launched a strong attack on financial institutions, which he referred to as “greedy monsters” that put profits before the wellbeing of the people they are supposed to serve The problem He referred mainly to the economic […]
