SA consumers hit hard by price rises

The 47 cents per litre petrol price increase due to kick in on Wednesday, the rise in electricity tariffs and an almost certain rate hike by the Reserve Bank later in the year were going to have a devastating impact on consumers, CEO of Debt Rescue, Neil Roets, said on Tuesday. In a statement, Roets […]

Tough times ahead for consumers

Petrol will increase by 49c a litre with diesel increasing by between 46c and 49c a litre. Paraffin will cost between 42c and 56c more a litre. Neil Roets, CEO of debt management company Debt Rescue, says the price increases will have a ripple effect on other goods such as food. “People must understand that […]

Looming services price increases

MANY already overindebted consumers could fall even deeper into debt due to looming interest rate hikes and increases in the prices of petrol and electricity tariffs, debt management company Debt Rescue CEO Neil Roets said on Tuesday. Extremely high levels of debt limit the extent of growth in consumer spending. The petrol price will increase […]

Rising prices of fuel and electricity to hit South Africans hard

n a statement, Roets said: “The present combination of economic factors is going to severely impact on consumers, many of whom are already deeply indebted.” Roets said that every commodity consumed in the country was transported by road, and the 49 cents a litre increase in the diesel price is going to impact directly on […]