South Africa’s seasonally-adjusted Absa PMI declined further in December as business activity and new sales worsened.

Many people dream of owning their first home but often, affordability and costs associated with buying a home can put an abrupt halt to that dream.

Whether out of necessity or because you are due for an upgrade – few of us are able to afford a new car without some form of vehicle finance.

Absa takes care of your debt when you become permanently disabled, suffer a critical illness (like a stroke or heart attack) or pass away.

Financial institutions are acutely aware of the financial strain their customers are facing due to the economic effects of the national lockdown.

"Even though we've seen some recovery, we know that a lot of our customers will struggle to become financially stable again, at least in the short term," says Ewald Kellerman, Absa’s Home Loan Chief Risk Officer.

It is something we all should be doing, but very few South Africans are saving.
Whether you put away R50 or R5,000 per month, it is important to start somewhere.

SPONSORED: “For a very long time banks and financial institutions have had a very archaic definition of what families look like – we’ve listened to our customers and changed our product offering to suit any kind of family unit,” says Omar Baig, Head of Transactional Banking at Absa Retail and Business Bank.