Debtfree October 2018
The October 2018 issue of Debtfree Magazine. SA's free debt counselling and debt review industry magazine. We look at the scandal at VBS Mutual Bank and other news. We also ask how paying fees can save you money?
The October 2018 issue of Debtfree Magazine. SA's free debt counselling and debt review industry magazine. We look at the scandal at VBS Mutual Bank and other news. We also ask how paying fees can save you money?
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NEW FINANCE<br />
MINISTER<br />
Consumer Tribunal for a ruling).<br />
Given the overwhelmingly simple<br />
math involved, the Banking<br />
Ombud told Ubank to write off<br />
the debts. Ubank say that the<br />
multiple loans were mistakenly<br />
given to Mr Mojalefa due to a<br />
system error which they have<br />
since addressed.<br />
Following the Resignation of<br />
Finance Minister Nhlanhla<br />
Nene, Mr Tito Mboweni, the<br />
former Reserve Bank Governor,<br />
has stepped into the position.<br />
Mr Nene left the post under<br />
a cloud, in the face of strong<br />
public pressure over state<br />
capture allegations. He had met<br />
several times with the Gupta<br />
family at their home while he<br />
served as Deputy Minister (and<br />
later Finance Minister).<br />
Mr Mboweni has extensive<br />
financial experience and was<br />
first appointed as labour<br />
minister in 1994. He served as<br />
Reserve Bank Governor from<br />
1999 until 2009. He has since<br />
been busy in the private sector<br />
working with such companies<br />
as Goldman Sachs. He was<br />
immediately thrown into the<br />
deep end and asked to present<br />
the country’s Mid Term Budget<br />
this month.
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