Definition: Garnishee A garnishee order is a court order requiring an employer to withhold part of their employee’s salary and pay the amount directly to that employee’s creditor for a debt which is due. This method ensures the employee makes some payments towards a debt
After the festive season, which usually comprises of gift-giving, holidaying and unusually high spending, South African consumers reach the end of January in a predicament of owing lump sums of money, which they cannot afford to repay. This is exacerbated by the cost of school
Over the past few weeks, the weakening rand has threatened implications on inflation rates and need for interest rates to be raised faster and at a higher rate than expected. Gill Marcus, Reserve Bank Governor, has increased the repo rate to 5.5%, as a means
An inheritable estate refers to the total of your assets less all liabilities. Freedom of testation allows you to nominate the heirs to your estate in the unfortunate event of your passing. Unfortunately many of us fail to draw up a valid will, leaving our
Your will has been drawn up, witnessed and safely filed with your executor or financial planner. Signed, sealed and delivered. Or maybe not. As is the case with most legal documents, the language you use when you draft a will can have a significant effect
You don’t take calls from unknown numbers because it might be the bank or an angry creditor. Your credit cards are always maxed out and your salary never makes it to the end of the month. If this sounds familiar then you are more than
In South Africa, the extremely high levels of debt and over-indebtedness are worsening at a worrying rate. As evident in The FinScope 2013 South African Survey results, the number of South African consumers with unsecured loans has doubled in the last year alone and more
Whether it happens to you, your partner, a family member or friend, arrest is scary. It’s vitally important that you know what to do, and, more importantly, what not to do when you have been arrested. After you are arrested there are seven things you
Can you believe that 560 protests have taken place in Gauteng between 1 April and 10 May this year? Yes, South Africa has become the ‘protest capital’ of the world! According to the police as many as 40 protests were violent! Although everyone has the
It’s probably the last thing you would want to think of, while you’re planning a beautiful wedding, but don’t forget to sort out your Ante-nuptial Contract before you get married. We’ve compiled a quick summary of the 3 matrimonial systems in South Africa. In community
