EDITOR’S NOTE
March sees a spate of public holidays and long
weekends. A brief respite from the pressures
that weigh down both those religious and
secular. Of course, all the public holidays are
either a boon or curse depending on whether
you earn on those days or not. For those who
have to pay staff regardless, it is hardly a boon
but rather a burden. For those who do not earn
on days they do not work, it is a frustrating
time of year which sees bank balances further
decimated. For the rest, it gives a moment of
quiet in the storm to collect ones thoughts and
plan ahead.
meeting held in Cape Town suddenly turned
sour.
We look into all the local news about the
industry and consider how this will impact on
consumers and debt counselling firms. New
court cases have also captured the attention
of the industry recently. These matters may
shape the way ahead or may simply be another
matter referenced in upcoming appeals cases.
Either way we have a look at what has been
coming out of the courts in this issue.
Debt Review can also be a real respite from
As the last days of summer slip between our debt pressures that are weighing in on you.
fingers, it seems that clever consumers are If you are feeling crushed and unsure about
clambering for debt help through debt review. how to deal with debt then head down to your
The chickens (of Dec and Jan spending) are local Debt Counsellor. Get a fresh perspective,
home to roost and for many February was professional advice on your situation and take
a harsh month calling for action which was the first steps towards being debt free.
finally taken in March. Application numbers
are high. The interest rate hikes and food price
increases at the shops are hitting all of us hard.
Predictions are that further rate hikes and
more pressure on the Rand lies ahead so, brace
yourself.
March has been the month of industry
workshops by both the Regulator and credit
providers. This issue we look into the recent
series of NCR workshops rolling out across
the country for Debt Counsellors and Credit
Providers and see how the very well supported