Interest Rate Cut: A Small Step, But Is It Enough?

Debt Rescue COO, Annaline van der Poel, shares her thoughts on the recent 25 basis point interest rate cut, questioning whether it will truly make a difference for struggling South African consumers.  Severe Financial Challenges While the reduction brings some relief, van der Poel points out that many households are still facing severe financial challenges, […]

SARB’s Interest Rate Cut Offers Minimal Relief

During an interview on SABC NEWS, Debt Rescue COO Annaline van der Poel expressed concern that the recent 25 basis point interest rate cut by the South African Reserve Bank (SARB) offers insufficient relief. She noted that it will not provide meaningful support to heavily indebted consumers. The rate cut brings the repo rate down […]

SARB Interest Rate Cut: Too Little, Too Late, Says Debt Rescue CEO

Debt Rescue CEO, Neil Roets, expressed disappointment at the South African Reserve Bank’s recent 25 basis point interest rate cut, stating that it is too little, too late to alleviate the severe financial difficulties facing many South Africans.  Relief Insufficient for South Africans in Poverty While acknowledging that any form of relief is welcome, Roets […]