South Africa’s President, Mr. Cyril Ramaphosa announced recently that the total lockdown that we have been in since the 27th of March 2020 will start changing to a staged lockdown. There are going to be 5 stages, 5 being the equivalent of the current total lockdown and stage 1 being the least stringent.Continue reading “Lockdown Levels – Stage 4 what we Know”
Through the years that debt review (or debt counselling) has been in our market, it has always been difficult for a consumer who genuinely cannot afford to pay their installment, to get assistance. When going under debt review, a court order is granted, and only the court can relax or vary the terms of the order. Even if the creditors, debt counsellor and consumer all agreed, you would still need to go to the court to change the order, otherwise, there is a default and the creditors will end up terminating.Continue reading “Under debt review and can’t afford to pay?”
There is so much confusion in the market about the UIF COVID-19 TERS process, that we thought it might be beneficial to draft a short article to simplify it. This article is aimed at small, local businesses, but the process is similar for bargaining councils and larger businesses.
If you are struggling with the process, and haven’t been able to come right with lodging a claim. Stop, read this and then try again. It’s NOT difficult to do, but the UIF process is very picky with its formatting, get it wrong and they will not accept your claim.Continue reading “Demystified – The UIF COVID-19 TERS Process”
One of the biggest worries at the moment is whether you will be able to pay your bond or not. Here is some advice on the bond payment options available to you if you hold a bond at the main South African Banks.Continue reading “Bond payment options during the COVID-19 lockdown”
This is another post in our guidelines series during the lockdown crisis. In this one, we tell you about how to submit a credit life insurance claim on an account with African Bank.Continue reading “African Bank Credit Life insurance claims”
There is so much information being thrown at us in the media at the moment and all of this just leads to more confusion. This article is meant to give small, relevant bits of information on some of the more important financial aspects of the #lockdown and #coronavirus crisis. Hope that these tips and tricks give you some help. If you feel that you have gained a bit from this article, please hit the like and share buttons at the bottom to help spread the word.Continue reading “Tips and Tricks to deal with reduced income during the COVID19 crisis”
I woke up this morning to an email from Standard Bank in my inbox. Nothing exciting about that, except that this one was a little different, it had some GOOD NEWS!
The Subject line informed me to “Redeem Your SBSA-COVID-19-Financial Relief Now”! Wow, awesome stuff, just what a lot of people needed at this time.
The body of the message was even more exciting, the government was giving me R7500.00 financial relief to help in the crazy times we are going through!