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South Africa’s coronavirus debt relief now live

President Cyril Ramaphosa this week announced that SA is to go into a 21-day lockdown from 26 March 2020 in an effort to combat the spread of the Covid-19 virus. Here are some of the key support measures for businesses, employees and the poor:

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The great foreclosure rip off

January’s interest rate cut has effectively wiped out all mortgage bond arrears, say consumer activists. But you won’t hear that from your bank.

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Court decision opens the way for consumers to recover billions in over-charges

The Cape High Court on Friday delivered a damning judgment against credit providers for over-charging on legal fees and interest in contravention of the National Credit Act (NCA) which came into force in 2007.

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The days of banks suing you in the high court are over

The banks from hereon must argue their cases in the much cheaper and more accessible magistrates' court. 

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