How to survive the latest fuel price hike

The price of petrol will increase by 26 cents a litre at midnight on Tuesday. This will take the fuel price to the R16 mark in Gauteng for the first time, with another hike expected in August. Debt Rescue CEO, Neil Roets, says the latest fuel price hike will have a knock-on effect on what […]

Expect another petrol price hike in August

With the petrol price hitting a record high at midnight on Tuesday, economist Dawie Roodt says things are not looking any better for August. Petrol will be increasing by 24 cents and 26 cents for 93 and 95 octane petrol at midnight, taking the price over R16 per litre for the first time in South […]

PROOF-OF-INCOME RULING NOT A GREEN LIGHT TO LEND RECKLESSLY

Consumers and credit providers should be cautiousabout misinterpreting a High Court judgment scrapping proof-of-income requirements, reports THERE was mixed reaction to the Western Cape High Court judgment in March scrapping a subsection of the National Credit Act (NCA) that required lenders to obtain documentary proof of income, such as payslips and three months’ bank statements, as […]

Petrol price increase likely to devastate consumers

JOHANNESBURG- The latest petrol price increase will have a devastating impact on hard-pressed consumers, experts have warned. Neil Roets, CEO of Debt Rescue on Monday said that while the cost of living had gone up as prices for services such as electricity, water and sewage had been increased. Energy Department announced that a liter of petrol will increase […]

Parliaments final draft for debt relief bill

Ruling ‘not a green light to lend recklessly’

There was mixed reaction to the Western Cape High Court judgment in March scrapping a subsection of the National Credit Act (NCA) that required lenders to obtain documentary proof of income, such as payslips and three months’ bank statements, as part of their affordability assessments. The upshot of the ruling is that credit providers can […]