Debt Dependence Rising as Consumers Struggle to Stay Afloat

During an SABC News interview, Annaline van der Poel, COO of Debt Rescue, cautioned that more South African consumers are relying on credit just to get by, with many exhausting their salaries within days of being paid. She explains that while retail sales figures show an unexpected rise, this is largely driven by borrowing rather […]

SARB Keeps Interest Rates Steady, Adding to Consumer Struggles

In Brief: SARB Rate Decision Deepens Consumer Debt Crisis Neil Roets, CEO of Debt Rescue, says the South African Reserve Bank’s decision to maintain interest rates unchanged, combined with upcoming VAT increases, unchanged personal income tax brackets, and a substantial rise in electricity tariffs, is placing immense financial pressure on South African consumers.  Roets warns […]