Neil Roets paints a stark picture of how fuel price cuts won’t bring real relief to many South Africans, especially those living in poverty. He points out that while the drop in fuel prices may seem like a positive development, it barely scratches the surface for the 55% of the population trapped in poverty. The […]
Short-Term Relief vs. Long-Term Consequences Neil Roets, CEO of Debt Rescue, raises important concerns regarding the new two-pot retirement system, particularly focusing on the tax implications and potential long-term effects on South Africans’ retirement savings. While the system may offer short-term relief for those struggling with debt, Roets cautions that many might not fully understand […]
Neil Roets, CEO of Debt Rescue, is deeply worried about the upcoming 40% electricity tariff increase planned for April 1, 2025. Roets fears that this massive hike will push families into heartbreaking decisions, like having to choose between keeping the lights on or putting food on the table. The Growing Debt Crisis Roets has been […]
Suid-Afrikaners sink al hoe dieper weg in ‘n lewenskostekrises weens hoë rentekoerse. Lesetja Kganyago, president van die Reserwebank, het aangekondig dat verbruikers nog moeiliker maande moet verwag. Dringende Finansiële Verligting Nodig Neil Roets, uitvoerende hoof van Debt Rescue, beklemtoon die dringende behoefte aan verligting en sê dat die hoë rentekoerse Suid-Afrikaners ernstig raak. Lees die volledige […]
Neil Roets, CEO of Debt Rescue, expressed deep concern over the current financial struggles faced by South Africans. High Borrowing Costs Impacting Basic Necessities Roets stressed that the high borrowing costs, the highest in over a decade, have left many South Africans struggling to afford basic necessities like food. Urgent Action Needed to Address Financial […]
South Africans are experiencing a deepening cost-of-living crisis, driven by the highest interest rates in over a decade. Concerns regarding Interest Rates Neil Roets, the CEO of Debt Rescue, shared his concerns about the impact on everyday people. “The extended steep interest rate has decimated the lives of South Africans from all walks of life, […]
As interest rates held steady last week, South Africans were disappointed that the Reserve Bank’s Monetary Policy Committee failed to bring much-needed relief to the economy. Rising Cost of Living Debt Rescue highlighted the challenges faced by families as the cost of living and inflation continue to rise, making it increasingly difficult to afford basic […]
Neil Roets, the chief executive of Debt Rescue, has noticed a troubling trend: more and more South Africans are seeking help with their debt. “With little relief in sight when it comes to living costs, this is likely to intensify as the year unfolds,” he says. Sky-High Interest Rates Roets said that one of the […]
Times have never been tougher for South African consumers, says Neil Roets, CEO of Debt Rescue. Low Savings Roets points out that South Africa has one of the lowest savings rates globally, with most people having little left in their bank accounts at the end of each month. The cost of petrol, high interest rates […]
Concern for Over-Indebted Consumers Neil Roets, the CEO of Debt Rescue, is deeply concerned about the recent municipal electricity tariff increases. He sees firsthand the struggles of over-indebted consumers and understands how this new burden will weigh heavily on them. “Many households already spend a significant portion of their income on utilities and this will […]
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