New debt relief laws to write-off debt South Africa’s new debt relief laws will harm its international standing and may ultimately lead to a further credit downgrade. This is according to Dawie Roodt, chief economist at the Efficient Group, who said that the new legislation will also add to the country’s growing national debt. “We’re… Continued
4 Tricks To Help You Save While Paying Off Debt
How do you start saving when you have debt repayments and living expenses to take care of? The short...
6 Effective Savings Tips For Women
Men are capable of taking bigger financial risks, and women approach finance with caution and ca...
Empowering Women: Phuti Mahanyele
To celebrate Women's Month, we would like to inspire our female readers by looking at powerful w...
Oprah Winfrey: 3 Personality Traits That Can Help You
We all work hard for our monthly salaries, and in light of recent interest hikes and looming fuel an...
Empowering Women: Wendy Luhabe
Wendy Luhabe shows us how being stubborn and doing what you are passionate about, can take you t...
A number of South Africans are facing a ‘debt spiral’ as they battle with the cost of living in the country. Neil Roets, CEO of Debt Rescue, pointed to a 21% increase in applications for debt review in the first quarter of 2019 compared to the same period last year. “All of the main economic… 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
Expect another petrol price hike in April Motorists can expect a big petrol price hike in April, due to rising global oil price, a weaker rand and the introduction of new fuel taxes. According to the latest data from the Central Energy Fund (26 March), South African motorists should anticipate a hike at the pumps… Continued
South African consumers, already up to their necks in debt, are in for another shock over the next few months. This is according to financial experts. On Wednesday, the 6 of March, petrol is set to rise by 74 cents a litre, while diesel will increase by 91 cents a litre. In addition to the… Continued
Dawie Roodt, chief economist at the Efficient Group, believes that there is little reason to be optimistic now that South Africa is no longer in a technical recession. Statistics South Africa revealed on Tuesday (4 November) that the country’s economy expanded by 2.2% in the third quarter – effectively ending the country’s negative growth trajectory.… Continued
Ordinary South Africans are battling The decision by the South African Reserve Bank to increase the repo rate by 25 basis points is bad news for consumers and is going to add significantly to the debt burden. Coming on the heels of a 1% VAT increase and rising inflation – especially in the food sector… Continued
Depending on how much the government plans to recover for the R2 billion it paid to keep the fuel price down in November, consumers could be looking at a reduction in the petrol price of around R1.50 a litre in December, while diesel could drop by as much as 92 cents a litre. This is… Continued
It is highly likely that the latest round of petrol price increases being implemented at midnight will be followed by similar increases in November and December. This is according to independent economist Dawie Roodt who was speaking ahead of petrol going up by R1 a litre, diesel by R1.24 a litre and LPG gas by… Continued
The debt counselling industry continues to see a growth in applications, and the current economic situation is a huge factor contributing to the financial distress consumers find themselves in. This is according to Debt Rescue CEO Neil Roets, who said that one of the biggest factors this year so far has been the impact of… Continued
As South Africans adjust to living in a country in the midst of a technical recession, the National Credit Regulator (NCR) has urged the public to make use of debt counselling services. In a statement released on Tuesday (11 September), the regulator called on more South Africans to make use of its registered debt counsellors.… Continued
Mid-month unaudited data from the Central Energy Fund (CEF) is predicting the biggest fuel price hike in South Africa’s history by some margin, says the Automobile Association (AA). “A spike in international oil prices and a huge swing in the Rand/US dollar exchange rate have combined to predict a knockout blow at the pumps at… Continued
We look forward to the opportunity to get you debt-free!
