SA Consumers Cutting Electricity and Food to Survive

The latest Debt Rescue survey paints a grim picture of South Africans struggling to make ends meet amid the cost-of-living crisis. With 46% of consumers going without basic necessities each month and a household debt-to-income ratio projected to reach 65% in 2024, millions are living hand to mouth, unable to afford enough food or electricity. […]

Neil Roets on the National Credit Act

Neil Roets, CEO of Debt Rescue, highlighted that South Africa’s National Credit Act is one of the most advanced systems globally for assisting over-indebted consumers. Proactive Debt Repayment He explained, “It assists over-indebted consumers to not remain in that debt spiral but to take a proactive step in finding a way to repay the debt. […]

Economic Challenges and Financial Advice from Debt Rescue

Economically, times are tough, and many people need to tighten their financial belts.  Statistics South Africa recently announced that the economy declined in the first quarter of 2024. With Youth Month coming to a close, People’s Post spoke to Debt Rescue, who shared some practical financial tips for young people. Budgeting and Discipline for Students […]