Debt Rescue Flags Urgent Risk as Economic Pressures Intensify on Consumers

Debt Rescue’s CEO expressed concern about the immediate impact on consumers due to high interest rates and rising electricity and fuel prices, which put tremendous pressure on financially strained households.

Debt Rescue SA disagrees with Reserve Bank’s decision to keep the interest rates unchanged

Debt counselling firm, Debt Rescue SA said that it disagrees with the Reserve Bank’s decision to keep the interest rates unchanged. It warns that many households will be devastated by already high borrowing costs and looming increases in electricity and fuel prices. It said that the imminent electricity tariff hike will further erode disposable income. […]

Debt Rescue Warns of Deepening Financial Crisis as High Interest Rates and Rising Costs Squeeze Households

Debt Rescue disapproves of the central bank’s decision to keep interest rates unchanged. It warns that high borrowing costs, combined with upcoming electricity and fuel price hikes, will devastate many households. The regulator states consumers are facing a prolonged period of financial pressure with little relief in sight.