South African consumers struggle with debt despite interest rate cuts

Annaline van der Poel, Debt Rescue’s Chief Operating Officer, says the Reserve Bank’s decision to keep the repo rate at seven percent offers no relief for debt-ridden households under immense strain, as essential costs remain painfully high. Still feeling the pressure despite rate cuts? Debt Review can help you regain control and reduce monthly repayments. […]

SARB’s Interest Rate Pause ‘not Necessarily End of Cutting Cycle’

Annaline van der Poel from Debt Rescue believes the decision not to cut interest rates is a heavy blow to struggling consumers. “ A reduction would’ve eased the burden of monthly repayments on bonds, vehicle finance, and credit cards, offering some much needed breathing space. Even though inflation has eased slightly to 3.3% essential costs such […]