Rising Cost of Living Pushes More South Africans into Debt Defaults

A recent Debt Rescue survey has uncovered a growing crisis among South Africa’s credit-active consumers, with 41% admitting to defaulting on their credit card payments in the past year. There’s also been a sharp rise in home loan arrears, with late payments up by more than 21%. According to Debt Rescue spokesperson Annaline van der […]

Fuel Price Surge Deepens South Africa’s Cost of Living Crisis

South Africans are facing yet another blow to their personal finances as the latest fuel price increase takes effect — pushing petrol and diesel prices to new highs at the pumps. With unleaded petrol now nearing R22 per litre and diesel also sharply up, this spike adds even more pressure to already strained households. Speaking […]

South Africans Forced to Rely on Credit as Living Costs Soar

As the cost of living in South Africa continues to surge — with rising fuel prices, electricity hikes, and increased municipal rates — millions of households are being pushed closer to financial crisis. Neil Roets, CEO of Debt Rescue, warns that many consumers have already cut back as much as they can and are now […]