Stay informed with the latest news and expert opinions from South Africa’s leading news agencies. Debt Rescue’s CEO Neil Roets and Debt Rescue’s COO, Annaline van der Poel, shares economic insights, explains how debt review can help over-indebted consumers, and valuable financial advice. From expert interviews to breaking news, this page brings you honest discussions about money, debt counselling, and actionable tips to help you take control of your debt.
What it could mean for households Neil Roets, CEO of Debt Rescue said thatthe Fed’s decision this week matters well beyond the US. “I believe a 25-bps increase is now a real possibility. For South Africa, thatwould add another layer of pressure ahead of the Reserve Bank’s decisionnext week. We at Debt Rescue are concerned
Debt Rescue CEO Neil Roets said that rising diesel prices is particularly concerning because of its widespread impact across the economy. “From a consumer debt perspective, a sharp diesel increase is particularly concerning because diesel is embedded in the cost of transporting food, operating public transport, supporting agriculture and delivering essential goods. “Even consumers who
When September’s increase was announced, Debt Rescue CEO Neil Roets warned that the impact would extend far beyond motorists. “Diesel is the lifeblood of our logistics and agricultural sectors,” Roets said, warning that a sharp increase could feed through into the cost of essential goods, staple foods and public transport. He described the September increase
Debt Rescue warns that rising fuel prices are placing consumers under increasing financial pressure, stretching household budgets and pushing many further into debt. Small businesses and families are expected to bear the brunt as higher transport costs drive up the price of essential goods and services. Watch the full interview here.
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
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
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
South Africa’s largest debt counselling company has said that the latest fuel price hike is pushing consumers deeper into debt. The comments from Debt Rescue follow an increase of R1.34 per litre in both grades of petrol on Wednesday, while diesel will increase by between R2.94 and R3.15 per litre. Debt rescue COO Annaline van
Neil Roets, CEO of Debt Rescue, said the energy affordability crisis was unfolding alongside wider economic pressures. “This crisis is unfolding against the backdrop of high unemployment, wages and salaries that are not keeping up with inflation, escalating food and petrol costs and soaring paraffin prices, placing unbearable financial pressure on already vulnerable households,” Roets
Neil Roets, CEO of Debt Rescue, said the situation was unfolding against an increasingly difficult economic backdrop. “This crisis is unfolding against the backdrop of high unemployment, wages and salaries that are not keeping up with inflation, escalating food and petrol costs and soaring paraffin prices, placing unbearable financial pressure on already vulnerable households,” Roets
