S&P ratings call: Consumers warned to keep a lid on spending
Cape Town – Deeply indebted consumers should not view South Africa’s unchanged credit rating by S&P as a reprieve to go on a spending spree. This is the message from Neil Roets, CEO of one of South Africa’s largest debt management companies, Debt Rescue. S&P on Friday decided to keep South Africa’s credit rating at […]
Bay’s debt disaster
Battle for survival as jobs slashed, prices hiked RISING interest rates, petrol and food prices and a general increase in living costs are plunging consumers deeper into debt, with an increase seen in the number of people seeking debt counselling. Debt relief agencies across the country have seen an increase in debt review applications, receiving […]