Category: Banking

MoneyToday provides a comprehensive guide to personal and business banking in South Africa. Everything from personal bank accounts, loans, credit cards and all the way through to debt consolidation, debt counselling and payday loans.

A recent report from the World Bank showed South African’s to be the biggest borrowers in the world with a total credit and store card debt of R18 billion! It suggests that the average South African is R70,000 in debt with over 50% of individuals struggling to meet monthly repayments. These facts are not necessarily that surprising given how prices are increasing whilst salaries remain pretty much the same. It is, therefore, more important than ever that South Africans spend time to research the financial products and services that are available to them to ensure they are getting the best deals on the market and not being ripped off by companies out to make a quick profit.

MoneyToday compares a whole range of products and services – everything from personal loans, bad credit loans, payday loans and even loans for those that have been blacklisted. By looking at all the different products available in the market, it can help you choose the right one, getting the best deal and saving money.

As well as loans in South Africa, more people are starting to get credit cards and store cards. There are already a huge number of credit cards available and MoneyToday helps you find the best one for you with all the latest deals and offers.

It must be remembered that taking on any kind of debt needs to be carefully considered due to the risks involved – such as high-interest rates and repayment terms. For those that do unfortunately find themselves getting into debt, MoneyToday looks at debt consolidation loans and the top debt consolidation lenders currently in South Africa.