A mother and a father loaned their daughter a whopping R540 000 to help her through an issue that popped up during her divorce and ended up losing the court battle to get it paid back.
In the UK, more and more people are ditching credit and lay-by in favour of increasingly popular ‘buy now, pay later’ services.
Applying for the funds and relief measures available to help South African businesses during lockdown can be quite arduous, which isn’t the case with every country.
Loan repayments used to be confusing and difficult to calculate. Quite a lot of information and understanding is needed, and one normally would have to use a good financial calculator.
The state of the South African economy is always a worry, and now we are waiting on our latest GDP figures amid rumours that we are heading into a recession.