Practical money guides for South Africans
Overdraft vs Personal Loan: Which is Right for You? Complete comparison guide for South African residents Last updated: December 2024 Quick Facts Prime lending rate: 10.75% since 25 September 2026 (SARB) Overdraft interest rates: typically 18% or higher per year Personal loan rates: from 10.73% to 27.5% depending on credit score Both options are regulated … Read more
Navigating Tax Number Discrepancies: What to Do When Your Tax Ref Number Disappears Imagine paying your taxes diligently for four years and then discovering your tax reference number has vanished. This perplexing situation recently arose for a 24-year-old permanent resident of South Africa. Here’s the story and what you can do if you find yourself … Read more
How to Exchange PayPal Dollars for ZAR Efficiently If you’re looking to convert your PayPal dollars to South African Rand (ZAR) without spending too much on fees, you’re not alone. Many people are searching for the best methods to do this. Let’s explore some options available to South Africans. Why Avoid Traditional Banks Like FNB? … Read more
How to Improve Your Finances in South Africa Simple steps to take control of your money and build a better future Last updated: December 2024 Quick Facts South Africa has one of the world’s lowest savings rates at 0.13% Over R2.7 billion lost to financial fraud in 2024 You can get free debt counselling through … Read more