Business Report

The industry’s top experts offer their best advice, research, how-to’s, and insights

Consumers in for a very rough ride 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 to have to cut unnecessary expenses… Continued

Consumers can buy basic school uniform for under R100. This includes a shirt, shorts/skirt, a pair of socks and a pair of shoes at selected stores. Photo: Motshwari Mofokeng/African News Agency (ANA). JOHANNESBURG – One of South Africa’s leading retailers, Shoprite, is easing the burden of rising education costs by offering its customers a basic… Continued

CAPE TOWN – Bitcoin is becoming insanely popular amongst South Africans but now seems to be getting them into financial trouble by investing in cryptocurrencies. Debt Rescue CEO, Neil Roets said South Africans have been driven to the brink of bankruptcy after buying into cryptocurrency. “We interviewed our first cryptocurrency victims towards the end of… Continued

CAPE TOWN- Men are still outstripping women by almost four percentage points in creating debt that they are unable to repay. According to a survey compiled by one of the largest debt counselling companies in South Africa, it was found that of all the applicants that signed up to go under debt review in the… Continued

Durban – As another big petrol price increase looms, many families have started the new year in debt, financial experts said. Next week’s petrol price increase would have a knock-on effect on consumable goods and many families would cut out essentials to make ends meet, they said. Come Wednesday, motorists can expect to pay 29… Continued

Johannesburg – As South Africans gear down for the festive season, a debt management company is warning that they risk over-extending their wallets and ending up in financial difficulty come January. This is now especially the case after the South African Reserve Bank raised the repo rate last Thursday, taking the prime lending rate to… Continued

Johannesburg – The 53c a litre hike in the cost of diesel will not only badly affect heavily-indebted motorists who have opted away from petrol, but will also have a knock-on effect on items such as food. This is according to Neil Roets, CEO of Debt Rescue, who says the hike in diesel and in… Continued

Pretoria – Getting a phone call from a sales consultant offering a new “affordable” cellphone contract or something similar is guaranteed almost every week. The same goes for text messages offering personal loans. Even when the receiver is not interested, the consultants hardly ever take “no” for an answer. Minister of Trade and Industry Rob… Continued

Johannesburg – A background screening company is warning that the credit amnesty, granted to those in over their heads last year, has backfired because adverse listings are piling up. The state earlier this year allowed heavily indebted consumers the opportunity to wipe the listing slate clean, although this did not expunge the debt. This credit… Continued

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