Yilungelo Lakho: Reckless lending

It’s has been almost ten years since the National Credit Act was passed, with th aim of curbing reckless lending. But the problem is persisting. This year the National Consumer Tribunal (NCT) received double the number of complaints related to reckless lending, compared to last year. This practice has left many consumers sinking into debt. […]

Yilungelo Lakho: Financial literacy

Financial literacy, plus a spirit of entrepreneurship, multiplied by a structured school curriculum is equal to what South Africa needs to secure a prosperous economic future for its youth. This is one of the focuses that emerged at an international seminar, the Banking Association of South Africa and the Department of Basic Education hosted in […]

Yilungelo Lakho: Save

At the end of July, officially known as the Savings Month, the messages around the importance of saving, as a nation, cannot be over-emphasized, when many consumers are in the throes of over-indebtedness. Financial experts believe that teaching children financial prudence is a sure-fire way of producing a future generation of financially savvy citizens. To […]

Yilungelo Lakho: Sheriff of the court

A visit by the sheriff of the court often signals the precarious position a person has reached in the mishandling of their financial. That visit is often followed by the attachment of one’s valuable, to be later sold at a public auction in order to settle a debt. What powers does a Sheriff have against […]

Yilungelo Lakho: (22 May 2017)

Watch Yilungelo Lakho every Friday at 13:30 on SABC 1. Catch the programme again on Mondays at 12:00 on SABC 1. Yilungelo Lakho an interactive live show, aims at informing and educating consumers on their rights. Every Friday we focus on a particular topic for the entire hour – kicking off with an insert which […]

Yilungelo Lakho: ID fraud

The issue of identity fraud could soon be a thing of the past. Identity fraud has left many people with a huge headache and sometimes debt and misery. But the government is doing something about it. The Department of Home Affairs has teamed up with a number of banks to produce Smart ID Cards. consumer@sabc.co.za […]

Yilungelo Lakho: Maintenance

Child maintenance defaulters will soon have to pay up or be blacklisted. This is happening while measures are put in place to bring those who neglect their parental responsibilities to book. Do you think that blacklisting defaulters will make parents pay maintenance? consumer@sabc.co.za www.facebook.com/yilungelolakho Twitter @yilungelo Watch Yilungelo Lakho every Friday at 13:30 on SABC […]

Yilungelo Lakho: Second-hand car parts

It’s has been almost ten years since the National Credit Act was passed, with th aim of curbing reckless lending. But the problem is persisting. This year the National Consumer Tribunal (NCT) received double the number of complaints related to reckless lending, compared to last year. This practice has left many consumers sinking into debt. […]

Yilungelo Lakho Sugar 23 12 16.mp4

What is a Festive Season without tucking into the sweet stuff. Consumers with a sweet tooth should brace themselves for a sugar tax that is designed to help kick the habit of drinking fizzy beverages and promote healthy eating. Before that leaves a sour taste in your mouth, realise that South Africa is considered to […]

Yilungelo Lakho: Municipal Ombudsman

Many people spend their lives consuming and paying for essential services that only municipalities are authorised to deliver including water, electricity supply, refuse collection, sanitation and primary healthcare. But there are also frustrations when consumers run into problems due to maladministration, poor service delivery or incorrect billing, among others. The establishment of the Municipal Ombudsman […]