Brace your self for tough times in 2018

Debt specialists pan Pick ‘n Pay’s credit initiative

PRETORIA – Debt counsellors have slammed Pick ‘n Pay’s new initiative offering food on credit. The retailer has joined Woolworths and Massmart in offering credit facilities through in-store cards. But debt specialists have questioned the timing of the launch so close to Christmas, saying already indebted consumers will pay the cost in the end. If you quality […]

Expect even less for more in 2018

Index shows SA is one of world’s most indebted countries. With major price increases for food and other essential commodities on the cards as well as a continued sluggish growth rate predicted for the new year, South Africans are in for a rough ride in 2018. Neil Roets, CEO of debt counselling company Debt Rescue, […]

Beware festive debt ahead of bleak 2018

South Africans have been warned to brace themselves for tough times in the new year. Debt Rescue chief executive Neil Roets has cautioned consumers to enjoy the festive season responsibly and not get in debt. He said major price increases are predicted for food and essential items due to the slow economic growth rate. Roets […]