In terms of the Usury Act, 1968 (Act No. 73 of 1968) a moneylender is defined as any person who is granting or has granted a loan or a sum of money to a prospective borrower in terms of a money lending transaction. The Minister issued Exemption Notice No. 189 of 25 August 2004 under Read more about MICROLENDING INTEREST RATES[…]
It is very important to invest in a safe long-term financial plan while you are still young. Purchasing a long-term insurance policy or product is one way of saving money and providing for either retirement, or for your dependents upon your death or disability. Long-term insurance policies can also be used as security to cover Read more about LONG-TERM INSURANCE THINGS POLICYHOLDERS SHOULD KNOW[…]
You work so hard for your money that you should be careful how you spend it. Reading the following tips could help you save more than a few pennies! THE BASICS: • Decide how much you’re going to spend before you go shopping and stick to your budget. • Use coupons! At the end of Read more about WISE SPENDING HABITS[…]
How to stop illegal deductions from your bank account. Almost on a daily basis, NAMFISA’s Complaints Department receives and processes numerous complaints from consumers about the manner in which they are treated by providers of financial services and products. These complaints include refusal to pay pension benefits, refusal to pay out insurance claims, cancellation of Read more about FOCUS AREA ILLEGAL DEDUCTIONS[…]