Petrolprys kan heelwat daal in Julie
Motoriste kan in Julie, betyds vir die wintervakansie, ’n skerp daling in petrolpryse verwag danksy die verrassende veerkrag van die rand en laer oliepryse. Die onafhanklike ekonoom Dawie Roodt verwag petrolpryse kan met tussen 60c en 64c per liter daal, en diesel kan met sowat 60c per liter daal. “Die rand het in die eerste […]
Big jump in SA consumers looking for debt relief
Debt counselling company, Debt Rescue, says it has experienced a substantial increase in financially distressed consumers applying for debt review over the past few months. Debt Rescue CEO, Neil Roets said that since the beginning of January there had been a marked increase in the number of consumers who sought relief by going under debt […]
Big petrol price drop coming in July
DURBAN – Motorists can expect fuel prices to fall sharply in July. This is the result of a resilient rand declining oil price, economists say. Economist Dawie Roodt expects the petrol price to decline between 60 and 64 cents a litre in July, with diesel dropping by around 60 a litre. “The rand has remained […]
Petrol price could drop significantly in July
NEWSWATCH: The month of July will reportedly see a significant drop in fuel prices with independent economist Dawie Roodt expecting the price of petrol to decline by between 60 and 64 cents a litre, and diesel by about 60 cents a litre. According to a report on IOL, this is due to the international oil […]
Consumers face debt crisis as recession grips SA
Cape Town – South African consumers face a debt crisis after the country entered a technical recession in 2017, according to Debt Rescue CEO Neil Roets on Friday. “We have been living through the recession for the past couple of months,” he said. “It has had a big impact on consumers. More than 10 million […]
SA suffers shock recession
Edward West, The Witness South Africa unexpectedly entered a recession on Tuesday, with a 0,7% quarterly contraction in GDP in the first three months of 2017. When an economy goes into recession, businesses — local and foreign — become reluctant to invest, unemployment increases and those with jobs are unable to get a raise. Consumption […]
Rocky road ahead as economy slips into recession
Stats SA has revealed that the country’s economy contracted by 0,7% in the first quarter of the year It represents the second conservative contraction quarter-on-quarter and places the South African economy in a technical recession. It follows a GDP decline of 0,3% in the fourth quarter of 2016 and overall economic growth of just 0,3% […]
The problem with SA’s ‘debt forgiveness’ plan
Government’s mooted debt forgiveness programme would plunge consumers deeper into debt in the long term, says debt management expert, Neil Roets. He said that recommendations by the Department of Trade and Industry (DTI) that the National Credit Act be amended to allow the minister to prescribe debt relief measures (debt forgiveness) to over-indebted households also […]
Recession – worse still to come
The news that South Africa’s economy has slipped into a technical recession in the first quarter of 2017 is likely to have negative knock-on consequences for consumers. The latest gross domestic product (GDP) data released by Stats SA on Tuesday showed that the South African economy declined by 0.7% in the first quarter of 2017, having declined […]