Consumers have been warned to be vigilant of debt counsellors who are
placing them under debt counselling without their knowledge or
consent.

The National Credit Regulator says in some instances, consumers are
contacted telephonically and offered assistance on debt consolidation
or reduction of interest or instalments on their accounts.

NCR complaints department manager Enica Mpete explains.

Tune into Newzroom Afrika DStv channel 405 for more.

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The crisis of municipal debt to water boards may lead to some of the entities being bankrupt. As of June this year the municipal debt to water boards is at over R22 billion with an average increase of 151% between 2019 to 2024. Some of the boards for example the Vaal Central Water and Magalies Water, face bankruptcy in the next six to 12 months.

For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.

Debt Consolidation Loan Options Calculator: https://tryascend.com/qualify/calculator/sm/ytdeniedloans

Do you keep getting denied for Debt Consolidation loans? There now appear to be ‘income-based’ loans, but are those actually loans? Let’s talk about that in today’s video.

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Ken McElroy and Robert Kiyosaki discuss the misconceptions about debt and how it can be a powerful tool for building wealth. Learn the secrets of using other people’s money to buy assets, reduce tax liabilities, and achieve financial freedom.

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ABOUT KEN:
Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: “ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years.” Ken is a Rich Dad Advisor.

Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.

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President Cyril Ramaphosa has committed himself to dealing with ballooning municipal debt. Electricity Minister Kgosientsho Ramokgopa says municipalities owe Eskom 78-billion rand. The President says the money is needed to secure the grid. #enca #dstv403

For more news: https://www.enca.com/

The capping of allowances by NSFAS has exacerbated student’s financial woes, with Universities South Africa reporting an accumulation of over R70m in debt in 2023.

At Rhodes University the concern about this is palpable.

FULL REPORT HERE: https://www.enca.com/videos/discussion-higher-education-student-debt-ballooning

In this video, we look at China’s new financial maneuver, in which it purportedly sells a major chunk of its US Treasury holdings and debt. This move has sent shockwaves across global financial markets, increasing concerns about the potential consequences for the US economy and the larger international financial system.

We’ll look at the reasons for China’s move to cut its exposure to US debt, as well as what this might mean for future US-China ties. Is this a purposeful move in economic policy, or a reaction to the current global uncertainty? How will this affect the stability of the US dollar and bond markets?

Join us as we examine the economic and geopolitical variables at play, providing insights into how this development may effect investors, governments, and the global economy as a whole. Whether you’re an experienced investor or simply curious about the intricacies of international finance, this video presents an in-depth explanation of one of the most significant economic developments in recent history.

Don’t forget to like, comment, and subscribe for more videos about global economics and finance. Your contribution allows us to provide you with more interesting information!