The Growing Debt Crisis: Why South Africans Are Borrowing to Cover Daily Expenses
A discussion on the growing financial pressure facing consumers, focusing on the challenges of saving and the risks of relying on credit to cover everyday expenses. Annaline van der Poel from Debt Rescue provides expert insight into the impact of rising consumer debt.
Fuel prices rise sharply as South African motorists face higher September costs
Neil Roets, CEO of Debt Rescue said that the financial picture for South African consumers is ‘incredibly bleak’. “We at Debt Rescue see first-hand the devastating toll these relentless increases take on already stretched household budgets. While the underlying drivers point to distant geopolitical conflicts such as escalating US and Iran tensions pushing global oil prices […]
Compcom threatens action as food, data and utility prices hit record highs
Debt Rescue CEO Neil Roets said the cumulative impact was forcing many consumers into impossible financial decisions. “The relentless hikes in fuel, electricity, food and municipal tariffs have a cumulative impact on household budgets. Every additional rand absorbed by fuel, transport, electricity or debt repayments is a rand that is no longer available for groceries […]
Price of Staples Continue to Rise
The Competition Commission’s report confirms that essential goods prices remain at record highs despite falling producer costs, highlighting ongoing “rocket and feather” pricing, a concern discussed with Debt Rescue’s Anneline van der Poel.
Motorists face higher costs as fuel prices rise in September
Neil Roets, CEO of Debt Rescue, said that the financial picture for South African consumers is ‘incredibly bleak’. “We at Debt Rescue see first-hand the devastating toll these relentless increases take on already stretched household budgets. “While the underlying drivers point to distant geopolitical conflicts such as escalating US and Iran tensions pushing global oil […]