Business Report


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

CASH-STRAPPED South Africans can take a breather today as fuel prices decrease, easing the cost of living. Meshel Muzuva, a senior finance and economics lecturer at private higher education institution Mancosa, said yesterday the impact of the decrease in the price of paraffin would result in poorer households witnessing decrease in their cost of living. […]

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 […]

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 […]

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 […]

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 […]

Overall consumer debt is growing and the fact that ratings agency S&P flagged it as a major risk to the country’s banking sector should act as a wakeup call for consumers and banks. Neil Roets, CEO of Debt Rescue, said there had been a noticeable increase in the number of distressed consumers who had knocked […]

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 […]

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 […]

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 […]

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 […]

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