Fuel Price Increases Strain South African Household Budgets
The CEO of Debt Rescue says the latest fuel price hike comes at a very difficult time for household financial stability.
Fuel Price Hikes threaten South African Consumers’ Financial Stability
The latest fuel price increase could not have come at a worse time for South African consumers according to Neil Roets, CEO of Debt Rescue. Roets explained that while a 20 cent increase in petrol and the sharper rise in diesel may appear modest on paper, the knock-on effect across the economy will be significant. With the repo rate remaining […]
South Africa’s 2026 Budget Delivers Relief but Retains Pressure on Households
The 2026 Budget Speech delivered by Finance Minister Enoch Godongwana has created ripples across South African households, heralding some unexpected good news while simultaneously serving as a firm reminder of ongoing economic challenges. As consumers grapple with an ever-increasing cost of living, the Budget revealed a dynamic landscape of fiscal adjustments that will impact their financial wellbeing. Among the notable […]
South Africa’s budget fails to address immediate consumer financial crisis
In the wake of the National Budget Speech address, South Africa grapples with a fiscal landscape that, while stabilising, provides scant immediate relief for households buckling under the weight of soaring living costs. Amidst reports of rampant food inflation, rising electricity tariffs and increased transport costs, many citizens find themselves ensnared in a web of financial distress, a […]
How the 2026 Budget affects South African families
While the national budget outlines the bigger picture on the country’s finances, behind every line item and deficit figure that Godongwana will address, are real people, families who are stretched to the very limit by high prices, stagnant wages and mounting debt repayments. This was according to Neil Roets, CEO of Debt Rescue, who said how acutely […]
South Africa’s 2026 Budget Speech: A hope for economic recovery?
The nation will be watching with a close eye and listening for some hope of fiscal reprieve later this week when South Africa’s Minister of Finance, Enoch Godongwana, will deliver the 2026 Budget Speech. While the country enjoyed a fuel price decrease at the start of the year, along with interest rates remaining unchanged and a hopefull State of the Nation Address […]
Budget 2026 | What it means for you?
The South African Budget 2026 and its implications for ordinary citizens, particularly concerning jobs, food prices, social grants and daily expenses. Annaline van der Poel, COO of Debt Rescue, provides insights into how the budget addresses these critical issues. Key points:
The deepening cost of living crisis – where to from here for South Africans
South Africans are in the grip of an ever-deepening cost-of-living crisis that has driven them to their knees, forcing households to make heartbreaking purchasing decisions every month. Behind this is a deadly combination of debilitating living costs that have spiralled out of control, infrastructure that is failing them, poor job creation and wages that fall […]
What Is Invisible Debt?
Not all debt feels like debt. Across South Africa, many households are struggling financially not because of one large loan, but because of multiple small commitments that quietly drain monthly income. This is known as invisible debt. Invisible debt includes: Individually, these amounts feel manageable. Collectively, they often push consumers into over-indebtedness without warning. Why […]
What South Africans want to hear from Ramaphosa’s SONA tonight
As President Cyril Ramaphosa prepares to deliver his 2026 State of the Nation Address (SONA), expectations are high as South Africans look for concrete solutions to the country’s most pressing challenges. The President is expected to address issues that affect citizens across all aspects of life. These include socio-economic challenges such as water shortages, a […]