Sarb gets tough on repo rate
By Ina Opperman The 50 basis points increase was not unexpected, although many economists predicted an increase of only 25 basis points. Rolling blackouts still loom over interest rates, as they continue to contribute to a higher inflation rate, while no economic growth can happen while there is not a consistent power supply. The monetary […]
CapeTalk 567 AM talks to Annaline van der Poel about the 25 basis point increase in the repo rate
Kaya FM speaks to Annaline van der Poel about the bottomless debt spiral that South Africans are facing
Koop op skuld: Te veel kan dié strik nie vermy
By Arisa Schamrel Vir heelparty verbruikers is dit nou ‘n geval van of skuld of ‘n honger gesin. So sê Annaline van der Poel, bedryfshoof van DebtRescue, oor die benarde geldelike toestand waarin baie Suid-Afrikaners hulle bevind. Met hemelhoë kos- en brandstofpryse lyk dit nie asof daar binnekort lig aan die einde van die donker […]
Millions in SA stuck in a debt spiral
By Ina Opperman The latest credit stress report confirms that borrowing money to pay debts has become a lifeline for millions of South Africans, leaving them stuck in a debt spiral. Disturbing results from the latest Eighty20/XDS Credit Stress Report for the fourth quarter of 2022 show an increasing appetite for credit among customers, with […]
Gloomy consumer outlook for April with interest rate, fuel price hikes forecast and Eskom tariff increase to kick in
By Yogashen Pillay South African consumers will have to tighten their belts yet again come April as economists have predicted yet another interest rate hike, with some also forecasting a fuel price increase. In addition, Eskom’s 18.65% tariff increase will come into effect on April 1 for directly supplied or non-municipal tariffs. The power utility […]
Millions surviving by borrowing money to pay debts, report confirms
By Ina Opperman The latest credit stress report confirms that borrowing money to pay their debts has become a lifeline for millions of South Africans, leaving them stuck in a debt spiral caused by a relentless onslaught of economic forces. Disturbing results from the latest Eighty20/XDS Credit Stress Report for the fourth quarter of 2022 […]