Calls mount for re-opening economy

“The measures are too stringent and could bleed the economy to death.” Although some economic activities were resumed under level 4 of the lockdown, this was not enough to save jobs and put food on the table. This was the view of Debt Rescue CEO Neil Roets. Level 4 has seen some businesses such as […]

South Africans fear for their jobs

A new poll from McKinsey & Company shows how South Africans have struggled financially during the country’s stringent lockdown period. South Africa moved to Level 4 of the national lockdown on 1 May, with all agriculture, hunting, forestry, fishing and related services – including the export of agricultural products – permitted to operate. This allowed […]

SA banks are putting measures in place to provide relief during lockdown

“Half of all credit-active consumers were over-indebted before lockdown with at least 3 payments in arrears on one of their accounts”, says Neil Roets. Neil cautions consumers to consider pitfalls of payment holidays offered by SA banks.

Experts are pleading to get the economy back to work

Dawie Roodt, chief economist at the Efficient Group has said he expected the number of unemployed workers who were at risk of losing their jobs to rise from one million to two million between now and the end of the year. The largest survey since the lockdown began, conducted by the Human Sciences Research Council, […]