Risks consumers could face because of the ANC’s internal war Already cash-strapped consumers could ultimately bear the brunt of the ANC’s internal war, cautioned chief economist at Efficient Group Dawie Roodt. This follows contradictory remarks from the ANC’s top brass on the expansion of the SA Reserve Bank’s mandate. It also comes at the same… Continued
Petrol price could hit R20 before the end of the year Although the petrol price is ‘only’ expected to rise by about 7 cents a litre in June, the general economic outlook remains bleak. This is according to Dawie Roodt, chief economist at the Efficient Group, who said that consumer debt and unemployment are set… Continued
Consumers are in for a tough time Most consumers cut out luxuries from their spending some time ago. They will also have to start cutting on basic necessities just to stay alive. Although the petrol price is only expected to rise by about 7 cents a litre in June, with diesel likely to increase by… Continued
Consumers in for a very rough ride with a 56c Petrol Price Increase With the expected petrol price increase of 56 cents a litre just days away, debt-stressed consumers are going to have to cut unnecessary expenses. With the expected petrol price increase of 56 cents a litre just days away, debt-stressed consumers are going… Continued
South Africans are going into debt just to buy food Many people are deep in debt and some are defaulting on payments and resorting to loans to feed themselves, in an ever-deeper spiral. Some people are taking loans just to buy food in ever greater numbers and tomorrow’s 54 cents a litre increase in the… Continued
South Africans are taking out debt for food Imagine taking out debt for food. This has become a horrid reality for South Africans. Many consumers are in debt in a floundering economy. Some are even taking out debt just to feed themselves and their families. The rising petrol price is affecting consumers even more. Motorists… Continued
Suid-Afrikaanse verbruikers is vasgevang in ‘n knyptang van skerp prysstygings en stygende skuldvlakke. En kenners waarsku dat dit niks goed inhou vir die ekonomie nie. ‘n Ekonoom en skuldberader het hul kommer uitgespreek oor die huidige lot wat verbruikers in die gesig staar. Hulle wys daarop dat toestande al moeiliker vir verbruikers word, wat weer… Continued
Electricity and fuel hikes in South Africa Consumers had every right to feel hard done by the double whammy that is going to cost them dearly. JOHANNESBURG – The price of Eskom electricity that increased by 14 percent on top of the substantial fuel increase are going to hit consumers like a ton of… Continued
How price hikes will impact debt-stressed consumers The price of Eskom electricity that increases by 14% today on top of the substantial fuel increase that kicks in at midnight are going to hit consumers like a ton of bricks. Neil Roets, CEO of Debt Rescue, said consumers have every right to feel hard-done by the… Continued
Government and Eskom debt is huge, ratings downgrade likely – Debt Rescue. Government corruption and mismanagement are to blame for the dire situation consumers face due to the fuel and electricity increase implemented this week. Experts said the electricity hike on Monday and petrol hike yesterday would hit consumers and businesses hard. They predicted that… Continued
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