So my Mother goes to a well known chain shop and wants to buy a coat. She tells the assistant that it is a bit too dear for her. "No problem'" says the assistant "We will open an account for you and you will get R300.00 off." The Scot in my Mom hears "R300.00 off" and she scrabbles for the pen stopping only to ask; "So, what is the catch?" "No catch" says the assistant handing her another two R100.00 off vouchers for later use. It is more than a month later and my Mother has … [Read more...] about Friday Rant – Bloody Store Credit
credit
South Africans urged to spend wisely over Christmas
The National Credit Regulator (NCR) has urged the public to be money wise over the festive season. With a few weeks to go until the bonus payouts for the year, the regulator said most consumers are already drawing up shopping lists in anticipation of the December break. "December is no different from any other time of the year. Remember, you do not have more money to spend other than your monthly salary. Your bonus (if you get one) should be used to pay off debts and other expenditures," … [Read more...] about South Africans urged to spend wisely over Christmas
Public participation underway on key municipal by-laws
The Nelson Mandela Bay Municipality has started a comprehensive public participation campaign on a number of draft by-laws in order to accommodate stakeholder and public input into the bylaws as guides by Sections 12 (3)(b) and 15 of the Local Government: Municipality Systems Act, Act no. 32 of 2000. The by-laws under discussion are for Customer Care and Revenue Management, Tariffs, Assistance to the Poor and Credit Control. Two meetings were held on Monday and Tuesday this week at Babs … [Read more...] about Public participation underway on key municipal by-laws
Slow Down on Borrowing Money South Africa
The total value of credit granted to consumers in the quarter ended December 2010 increased by 11.17 percent, the National Credit Regulator (NCR) said on Monday. "The total value of new credit granted increased from R75.14 billion for the quarter ended September 2010 to R83.53 billion for the quarter ended December 2010, an increase of 11.17 percent when compared to the previous quarter, but 31.97 percent higher than a year ago," said the regulator. These are the findings of the Consumer … [Read more...] about Slow Down on Borrowing Money South Africa
