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Forget expensive payment holidays — claim on your credit life cover instead

Forget expensive payment holidays — claim on your credit life cover instead

Credit life insurance may save many South Africans whose income has been dramatically affected by Covid-19 from defaulting on their loans - but some will be unaware of the fact that they have such cover in place.

Fitch downgrades SA deeper into the dreaded 'junk status'

SAFRICA-RATINGS/ (UPDATE 1):UPDATE 1-Fitch downgrades South Africa further into 'junk'

How to access free Covid-19 online doctor consults

All South Africans will be able to access telephonic consultations with doctors for Covid-19 specific queries at no cost, courtesy of a Discovery-Vodacom partnership initiative.

Lockdown causes new-vehicle sales to nosedive

Physical distancing and the nationwide lockdown have led to a 29.7% plunge in local car sales in March.

Don't offer to leave your job amid Covid-19 pandemic

Think thrice before volunteering for retrenchment. Some employers and employees of companies forced to close during the lockdown are contemplating retrenchment as an alternative to applying for special unemployment insurance benefits, but employees should consider the implications carefully before agreeing to such a measure.

Don't miss out on tax gifts even in this hard, trying time

Nobody enjoys paying taxes. Even more so with income streams running dry due to the Covid-19 lockdown.

Saswitch fees cancelled - draw cash at any ATM

Banks have decided collectively through the Banking Association of South Africa (Basa) to waive all Saswitch fees so you can withdraw cash from any bank ATM, regardless of where you bank.

How to apply for UIF relief benefit

There has been some confusion about how employees who won't be paid during the lockdown can access promised financial help from the Unemployment Insurance Fund.

How to Covid-19-proof your finances when self-employed

Today, SA will have been in lockdown due to the Covid-19 pandemic for a week and those who are still working are settling into routines in home offices or at essential institutions and downtimes are spent confined at home.

No blood tests for life cover under Covid-19 lockdown

If you want to buy life cover during the lockdown, you will have to accept a limited cover policy until the lockdown is over and you can undergo a medical assessment. 

Scammers reeling in car-buyers on fake online auctions

While social media and online purchases have seen sharp spikes with the social isolation and subsequent lockdown orders, online fraud scams have not been far behind.

Barbara Creecy gives go-ahead for mining on 10 Western Cape beaches

Environment minister Barbara Creecy has dismissed most of the appeals against last year’s approval of vastly expanded beach mining operations on the West Coast, north of the Olifants River.

R200m available to help black business beat Covid-19 challenges

In an effort to help fight the outbreak of Covid-19, the National Empowerment Fund (NEF) has set aside R200m for black business.

Supermarkets' fake Covid-19 messages cause tragic flood of abandoned pets

Two major grocery retail groups have been making grovelling apologies and donating large sums to the SPCA and other animal welfare organisations after some of their stores’ misleading warnings about animal transmissions of Covid-19 led to people dumping their pets.

Relief measures to help you financially through the next three months

Delaying the repayment of your loan will mean you pay more interest

FNB's three-month payment holiday, R100m for Covid-19 pandemic relief

FNB on Monday announced relief for its customers whose incomes have been affected by the Covid-19 pandemic.

Reserve Bank eases pressure on SA banks

Effort to secure liquidity and reserve funds

Standard Bank and Absa offer repayment relief

Absa and Standard Bank announced a three-month reprieve from repayments on your car finance, home loan, credit card and short-term loans amid the coronavirus crisis.

Motsepe foundation pledges R1-billion in fight against the spread of Covid-19

The Motsepe family has pledged R1-billion toward the fight against the spreading of the coronavirus.

Covid-19: Inland fisheries plead with minister for 'essential' status

Thousands of subsistence fishermen who survive off catches from dams and rivers have been left off the essential service list, prompting concerns about their wellbeing during the coronavirus lockdown.

Estate Agency Affairs board CEO wants former member declared 'a delinquent director'

A former board member of the troubled Estate Agency Affairs Board has been accused of causing the agency to lose more than R2 million through irregular contracts and overspend budget.

Vodacom's chairman Jabu Moleketi to retire in July

The chairman of Vodacom Group, Jabu Moleketi, will step down from the board and retire on July 21, the telecoms firm said on Friday.

Union prepares to take state to court over public servants' wage increases

The Public Service Association has given the strongest indication yet that it plan to take government to court over its proposal to withdraw from the 2018 wage agreement.

Edcon mulls business rescue following lockdown

It looks like Covid-19  might be on the verge of claiming its first scalp in the big business community.

Business booms for cleaning companies as pandemic spreads

As scores of South Africans were under the 21-day coronavirus lockdown on Friday morning, this was not the case for cleaning and hygiene company, Basani Cleaners, which provides what government has deemed an essential service

More relief measures for taxi operators hit by Covid-19 lockdown

Finance and insurance services provider SA Taxi announced it would help operators weather tough conditions after collective efforts to curb the spread of Covid-19

Be proactive if you are retrenched in these tough times

The coronavirus lockdown will affect many businesses and as they count the economic costs of the pandemic, many will start to cut back on staff. 

How to manage your financial wellbeing in a recession

While most people have a high-level understanding of the implications of a recession, not many are able to shield themselves from the short- and long-term consequences. 

What you need to know about Covid-19 and your medical scheme

Covid-19 is highly contagious which makes going to the doctor when you are sick problematic, therefore some medical schemes are offering teleconsultations.
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