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{pp}Major training organisation urges more careful thought in selecting courses - By Liza van WykSouth Africa ranks at the bottom of many rankings for skills training – and many businesses, despite having big budgets for training take too little care in choosing the right course.“A company that chooses with care…
{pp}Major debt counselling organisation Consumer Assist warns that part of the problem is uninformed court officials & stats back that confusion and fraud around garnishee orders from South African courts is seeing around 20% of employees in South Africa crippled by often fraudulent demands for payment being taken off their…
{pp}More than 100 000 jobs were quietly shed before last year ended and the retrenchment barometer will go much higher this year. According to Statistics South Africa, South Africa's unemployment rate rose to 23.5 percent in the first quarter of 2009 from 21.9 percent in the previous three months.“South Africa…
{pp}Financial difficulties placing significant stresses on families as debt-burden increases.South Africa’s debt counsellors are increasingly referring couples to marriage counselling too, as high debt burdens lead to couples fighting and divorcing.“We have wives asking that we don’t tell their husbands how badly in debt they are, or vice versa. We…
{pp}Developing countries could face a financing gap of $270-billion to $700-billion this year as trade income dwindles and rich nations vie for capital the World Bank said in a paper produced for the meeting of G20 nations in London in April. South Africa could be hard hit as it sees…
{pp}South Africa’s largest debt counselling organisation has a range of mostly free solutions to help SA’s 6 million seriously indebted people
{pp}South Africa’s top debt counsellor organisation gives advice on cutting back on debt
Friday, 01 May 2009 10:47

Layoffs carry the risk of destroying companies

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{pp}50-million people globally will lose jobs this year - 200 000 could be retrenched in SA – but job-cuts could impede economic recovery
{pp}The current economic downturn means that companies are already struggling with slower growth, lower sales and often deteriorating cashflow; the last thing they need is an increase in fraud.
{pp}Imagine cutting R1,2m off your debt? Andre Snyman, managing director of Consumer Assist one of South Africa’s largest debt counselling organisations had a client who “was over-indebted and owed R3 004 985, including his bond. He was paying off R24 400 a month but the interest over the 240 months…
{pp}Visa applications for travellers to the UK will cost the economy R 500 million in the next 12 to 18 months says immigration expert, Leon Isaacson, MD of Global Migration. Not only this, but the process has caused extreme inconvenience to travellers.
Thursday, 16 April 2009 15:47

How Hungry are the Banks?

{pp}Many reports in recent months have blamed the National Credit Act (NCA) and the escalation in interest rates for the ever-increasing number of unsuccessful mortgage bond applications. While these factors do influence consumers that are over-exposed to debt and those in the poorer income group, we have witnessed another phenomenon…

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