Neil Roets: SARB Rate Cut Too Modest to Ease Debt Crisis

The South African Reserve Bank has cut interest rates by 25 basis points. While this move signals some relief, Debt Rescue CEO Neil Roets warns that the reduction is too small to make a real difference for over-indebted households.  Speaking on Radio Islam, Roets comments that rising fuel prices and other living costs will quickly […]

Neil Roets: SARB Rate Cut ‘Not Enough’ to Ease Debt Burden

The 25 basis point interest rate cut announced by the South African Reserve Bank (SARB) is a step in the right direction, but it falls far short of the relief needed for struggling consumers, warns Neil Roets, CEO of Debt Rescue.  Speaking to Business Report, Roets explains that millions of South Africans remain trapped in […]