Debt Rescue Warns of Harsh Winter Ahead

Debt Rescue’s latest survey reveals that 86% of prepaid electricity users in South Africa can no longer afford power costs, leaving many households forced to choose between electricity and food. CEO Neil Roets warns that this signals a deepening affordability crisis, especially as winter approaches and electricity demand increases.  

Decision to withdraw VAT increase brings relief to consumers

Neil Roets, CEO of Debt Rescue, welcomed the withdrawal of the VAT hike, calling it “vital and timely relief” for financially strained South Africans. He said the VAT increase would have pushed many families to breaking point. Roets added that the revised Budget has strengthened SARS’s ability to close the tax gap and improve compliance […]

Households Still Struggling Despite 5-Year Low Inflation

Neil Roets, CEO of Debt Rescue, welcomed the drop in inflation to 2.7%, saying it brings a “glimmer of hope” to struggling South African households and strengthens the case for a potential interest rate cut. He explained that lower inflation reduces pressure on the Reserve Bank and expressed hope that rate relief might come before […]