South Africa’s national debt has surged from R1.6 trillion (43% of GDP) in 2014 to R5.6 trillion (75% of GDP) in 2024, a 250% increase over a decade. Debt servicing now costs R356 billion annually, consuming over 20% of government revenue. Projections indicate the debt-to-GDP ratio will peak at 75.3%…
Week 51 : Stop Losing Out on RAF Claims: Keep More of What’s Yours.
Did you know that if you claim from the Road Accident Fund (RAF), up to 25% of your payout could go to attorneys as contingency fees? In 2023, out of the R22 billion paid for loss of income claims, an estimated R5.5 billion was lost to legal fees—money that should…
Week 50 : Navigating Road Accident Fund Claims
Navigating the financial aftermath of road accidents in South Africa often involves engaging with the Road Accident Fund (RAF). The claimants frequently enter into contingency fee agreements with attorneys, which can result in substantial portions of the compensation being allocated to legal fees. Contingency Fees: Attorneys often charge up to…
Week 49 : 700 Lives Lost: Reducing Passenger Fatalities This December
December is a festive season filled with joy and travel, but it’s also a tragic time on South African roads. Over 700 road fatalities were recorded in the first three weeks of December 2023 alone, with passengers accounting for a significant portion of these deaths. Avoid Night Driving: Reduced visibility…