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Salaries Increase By Only 1%
A recent government report shows that people’s income is quickly been outstripped by inflation as cash strapped companies are unable to offer their employees significant salary increases.
According to the report private sector workers received, on average, a pay increase of only a paltry 1.0%
This tiny increase was outstripped by the approximate 4.3% inflation figure around the same time period and has been labeled as an all time low. In some cases, in companies under financial strain, workers have even been asked to take a wage reduction or face the risk of the firm having to shut down.
If you have found that your income is not keeping up with the cost of living and price increases for transport, food and accommodation and are struggling to keep up with your debt obligations then you should quickly consult with an NCR registered professional Debt Counsellor. They will be able to (1) offer you advice on your monthly spending habits and (2) discuss legal options you have in paying your creditors only what you truly can afford each month, rather than what they demand.
Reading Time: 1 minute NCR Host DC Webinar Today The National Credit Regulator (NCR) register and monitor members of the credit industry including Debt Counsellor. The NCR have also decided to provide additional training about the National Credit Act (NCA) and the way the … read more
Reading Time: 3 minutes NCR Urges Consumers to Consider Debt Counselling to Defeat Debt In a new press release, the National Credit Regulator (NCR) is encouraging consumers to embrace debt review as a realistic solution to their debt issues. Kedilatile Legodi, Manager for Debt … read more
Reading Time: 1 minute DCASA Conference The Annual Debt Counsellors Association of South Africa Conference is being held today in Gauteng. DCASA is the oldest Debt Counsellors Association and currently has the most Debt Counsellor members of all the associations. Each year DCASA members … read more
Reading Time: 2 minutes Download the New Act The National Credit Amendment Act 7 of 2019 has been signed into law and prevents consumers with yet another mechanism to deal with debt. This time that is debt review done by the National Credit Regulator … read more
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Reading Time: 1 minute DCASA Annual Conference In August The Debt Counsellors Association of South Africa (DCASA) will be holding their annual member’s conference in Gauteng during August 2019. The day-long conference will be held at Emperor’s Palace near the OR Tambo Airport in … read more
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