April household food basket data reveals early impacts of rising fuel prices

According to Neil Roets, CEO of Debt Rescue, South Africans have valiantly attempted to weather the storm of escalating costs over the past five years. However, “their wells have all but run dry,” he said. Roodt said, “South Africa could be heading for a sharp rise in inflation as fuel prices climb, with diesel prices set to […]

Oil prices surge to $111 amid Strait of Hormuz concerns

As the oil price edges higher, it can only point to another fuel price increase for South Africa in May. Neil Roets, CEO of Debt Rescue, said another increase in fuel prices should put the country on red alert. “Even though the expected hikes have moderated from earlier in April, the reality is that consumers […]