Major food retailers post profits but consumers continue to suffer
By Bongani Mdakane Retailers are not dropping their prices in line with lower inflation, says Debt Rescue CEO Neil Roets Grocery prices should have fallen in line South African Reserve Bank governor Lesetja Kganyago and the bank’s monetary policy committee have elected to hold rates in a tight vote last Thursday to keep the repo […]
Vuma 103 FM speaks to Annaline van der Poel about consumer protection for overindebted consumers
Brandstofpryse kniehalter vakansies
Landsburgers wat uitgesien het na hul einde-van-jaar-vakansie weg van die huis af, sal dit nou moet bedink en uitwerk of hul begroting enige soort padreis hoegenaamd kan akkommodeer, aangesien brandstofpryse bly styg,” wys Neil Roets HUB van Debt Rescue uit. “Met owerhede wat meer brandstofprysstygings in die komende maande voorspel – vernietig dit enige hoop […]
Fuel price increases will force South Africans to stay home
By Ina Opperman The latest fuel price increase has destroyed any hope cash-strapped consumers had of going anywhere in December. The incessant fuel price increases will force millions of South Africans to stay home this summer and cancel any road trips they had planned. The third consecutive increase in the fuel price has pushed the price […]
Staggering rate of credit application rejections and defaults
By Ina Opperman The high rate of credit application rejections and defaults show how much consumers are battling amid the cost of living crisis. The latest data from the National Credit Regulator shows a ‘staggering rate’ for credit application rejections and defaults. The rejection rate for credit applications in the second quarter of the year […]
8 Expenses that are easy to lose track of and how to manage them
Debt Rescue lists eight common expenses that can easily drain your wallet every month and provides tips on how to stay on top of them to ensure your budget stretches as far as possible. When it comes to managing finances, it’s important to take a closer look at our day-to-day expenses. While big purchases like […]
Can You Buy a Car While Under Debt Review?
Are you grappling with overwhelming debt and considering debt review but unsure if you could buy a car during the process? The debt counselling process is designed to help individuals regain control over their finances, however there is a common misconception that once under debt review, your financial freedom is limited. Debt review is not […]