Cash-strapped? You might have to sell your car — here’s how to get the best price
By Neesa Moodley As vehicle finance loan defaults increase, one option is to downgrade your car for a more affordable one. As consumers are increasingly squeezed on all sides by rising inflation (now at a high of 7%), increasing interest rates, high fuel and food costs, the latest Eighty20/XDS Credit Stress Report (Q4 2022) shows […]
Annaline van der Poel speaks to You FM about the 50 basis point increase in the repo rate
Get the best price for your car
As vehicle finance loan defaults increase, one option is to downgrade your carto a more affordable one As consumers are increasingly squeezed on all sides by rising inflation, increasing interest rates, high fuel and food costs, the latest Eighty20/XDS Credit Stress Report (Q4 2022) shows an alarming trend: an increasing appetite for credit, with more […]
SA’ners verdrink in skuld terwyl rentekoerse bly styg
Deur Tania Heyns Die jongste -en besonder skerp- verhoging van die repokoers was ‘n nare verrassing vir veral die talle Suid-Afrikaners wat besig is om in skuld te verdrink – en minstens een ekonoom waarsku nog ‘n styging lê voor. Ekonome sê ‘n verhoging van 50 basispunte is veral slegte nuus vir Suid-Afrikaners wat reeds […]
Triple blow for South Africans next month
South Africans need to get ready to tighten their belts in April, with a 13-year-high interest rate, electricity price hikes and medical aid contribution hikes heading their way. Cash-strapped consumers have faced months of financial struggle, with savings continuing to decline and more people relying on credit. Neil Roets, the CEO of Debt Rescue South […]
South Africans are smashing their piggy banks
The national saving rate as a percentage of nominal GDP showed a 13% decline in the final quarter of last year, indicating dissaving sentiment shared across households, businesses and government. This reading was down 2.9% from the quarter before (Q3 2022). When looking from a yearly perspective, the total percentage of savings, when compared to […]
Govt must privatise services it’s unable to deliver: Debt Rescue
By Princess Mahogo Debt Rescue CEO Neil Roets says government should be honest with itself when its unable to provide certain basic services. Roets has been commenting on Eskom’s 18.65% tariff increase, which came into effect for the power utility’s standard tariff or non-municipal consumers. Electricity tariff increases for consumers who pay directly to their […]