Entering 2018 with a high number of indebted consumers
Rand targets below R12 against the dollar
The rand targeted a push below R12 against the dollar on Wednesday as the JSE’s all share index reached a new high, while investors wait for additional clues from Cyril Ramaphosa on how he plans to rejuvenate the economy and when President Jacob Zuma might step down. Ramaphosa, the recently elected ANC president, is leading a […]
Pitfalls of ‘investing’ in cryptocurrencies
Neil Roets A growing number of deeply indebted consumers are getting themselves into financial trouble by “investing” in cryptocurrencies such as bitcoin and Ripple. I was amazed when the first clients started applying for debt counseling who had been driven to the brink of bankruptcy by buying into get-rich-quick schemes involving cryptocurrencies. Some of them […]
Economic prospects brighten, but…
THE decision by the South African Reserve Bank on Thursdayto keep the repo rate steady at 6.75%, as well as the expected decrease in the price of petrol and diesel, will give deeply indebted consumers a welcome break after the body blows of last year’s string of downgrades and fuel price increases. Neil Roets, CEO […]
Unchanged Repo Rate & Falling Petrol Price
The decision by the South African Reserve Bank to keep the repo rate steady at 6.75% as well as the expected decrease in the price of petrol and diesel will give deeply indebted consumers a welcome break after the body-blows of last year’s string of downgrades and fuel price increases. Neil Roets, CEO of Debt […]
Unchanged repo rate, falling petrol price cheer up struggling consumers
Johannesburg – The decision by the South African Reserve Bank on Thursday to keep the repo rate steady at 6.75% as well as the expected decrease in the price of petrol and diesel will give deeply indebted consumers a welcome break after the body-blows of last year’s string of downgrades and fuel price increases. Neil Roets, […]
Virtual cash buyers opt for debt review
Increase in cryptocurrency investors applying for counselling THE LATEST investment craze is driving thousands to consult debt counselors as they have found themselves in debt in attempts to find riches. Cryptocurrencies like Bitcoin have seen a rapidly growing number of deeply indebted consumers getting themselves into financial trouble. Financial expert and Debt Rescue chief executive, […]
Beware festive debt a head of bleak 2018
Nokuthula Zwane 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 […]
Rough road ahead
Consumers face squeeze next year,but there is some hop CONSUMERS are in for a rough ride in 2018 and are warned to tighten their belts even further. Neil Roets, chief executive of Debt Rescue, said many South Africans who barely made ends meet during the year have plunged themselves ever deeper into debt over the […]
Verbruikerskuld op rekord vlakke
Olikheid wag na Kerstyd se vrolikheid Vida Booysen Suid-Afrikaners het reeds van die meeste skuld ter wêreld en dit gaan waarskynlik in 2018 rekordvlakke haal. Verbruikers besnoei duidelik nie hul uitgawes nie, sê Neil Roets, uitvoerende hoof van Debt Rescue. Met groot stygings in voedselpryse asook ander noodsaaklike hulpbronne lê ‘n besonder onstuimige rit in […]