November 2010 – Cash is King

In the not too distant past the South African consumer could have competed each week not only over their favourite sport results but also over the sheer number of pre-approved credit cards and cellular contracts that they were offered. During this credit festival many consumers were led astray and accepted unclear repayment terms, hidden costs and downright reckless credit extension. Those freewheeling offers sadly resulted in many consumers living a champagne lifestyle funded mostly on beer money, creating one of the most disastrous financial hangovers in recent history.

Cash is King