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So what is debt consolidation exactly and how does it affect you?This is the question that has been put to us quite a few times and that's why we decided to tell you a bit more about what this entails exactly.The deal “will help us double down on our plans for growth as we invest heavily in our products and technology,” Khosrowshahi said in the statement."We are serious about ensuring the customer is supported with world-class on-shelf availability by driving efficiencies within our joint supply chains." Steve Bratspies Walmart Chief Marketing Officer.For people looking at consolidation, it is important to look carefully at the interest rate you will be getting, because if the interest rate is higher than the current rate you are paying, making use of the consolidation loan doesn't add up at all.Our best advice is to speak to a financial company that will be able to assist you, to make sure what is the best debt option for you.There are quite a few debt consolidation loan companies in South Africa and although we do not offer debt consolidation loans ourselves, we will be able to assist you with debt review.

Under the agreement, Grab will acquire all of Uber’s operations in a region of 620 million people, including food delivery service Uber Eats. Bloomberg News reported over the weekend that the two companies had .1 billion by 2025.

There are allot of people in debt currently in South Africa that require consolidation.

In the coming months we will be posting articles almost on a weekly basis that will tell you more about debt consolidation and the best options out there, so be sure to be on the lookout for new and existing news articles.

Debt consolidation offers people in debt basically a lifeline, in the sense that you can consolidate all your debts under 1 loan and then repay only the instalment on that loan.

With consolidation, the administrators will negotiate with your creditors on your outstanding debt and then arrange for repayment terms and conditions.

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