Wishing everyone a safe and memorable Holiday Season. May we greet 2023 with a rejuvenated spirit towards improved mental and physical health, and financial fitness.

With South Africans continuing to become an over indebted society, how one begins to dig themselves out of the hole of debt becomes not only a financially important decision, but also one of legal imperative.

The President of the Debt Counsellors Association of South Africa, Paul Slot joined Tim Modise on the show to discuss the process of debt review, how one finds themselves in that position and most importantly, how one gets themselves out of it.

Are you an over-indebted consumer who has been put under administration? If you are under administration you need to be aware of unscrupulous administrators who abuse the process by taking advantage of you. The Credit Bureau says more than two point seven million consumers have judgments or administration orders against their names.
So what does this all mean for a consumer who has landed themselves in this whole thing? let’s speak to Chief Executive Officer of National Debt Mediation Association Magauta Mphahlele.

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National Debt Mediation Association assists debt counsellors and debt-stressed consumers to reach consensus regarding the rearrangement of debt with credit providers. Joining us now on the state of debt resolution in South Africa as we head towards the Christmas season is Magauta Mphahlele, CEO of the National Debt Mediation Association.