In The Press

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

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

Government’s petrol price intervention Government’s petrol price intervention could mean even higher prices in October and beyond: Dawie Roodt Government’s ‘artificial’ support for the fuel price, to counter the 23-25 cents a litre increase that had been expected, will come back to haunt consumers in months to come, says economist Dawie Roodt. The department of… Continued

Despite the loss of another 105,000 jobs in the second quarter of 2018, and the fact that Reserve Bank governor Lesetja Kganyago admitted that the current economic growth trajectory remained too low to tackle South Africa’s unemployment crisis, the government seems hell-bent in continuing with legislation to write off the debts of certain groups of debtors.… Continued

With the petrol price hitting a record high at midnight on Tuesday, economist Dawie Roodt says things are not looking any better for August. Petrol will be increasing by 24 cents and 26 cents for 93 and 95 octane petrol at midnight, taking the price over R16 per litre for the first time in South… Continued

The wave of positive sentiment following Cyril Ramaphosa’s election as president in the first quarter, has faded in the second due to a number of factors including record fuel prices, a tax hike, a local currency firmly on the back foot, and most recently, the return of load shedding. Consumers are also feeling the very… Continued

South Africans can expect a massive increase in the fuel price when they fill up at the pumps next week, thanks mainly to rising international oil prices. Brent crude oil traded at around $76 on Tuesday, having peaking above $80 earlier in the month, and with analysts noting that prices could head toward $100 a… Continued

Economist Dawie Roodt believes that the price of fuel in June will spike to its highest level ever. On Tuesday (15 May), the Automobile Association (AA) said that it South African fuel users are currently facing increases of 74 cents a litre for petrol, 81 cents for diesel, and 78 cents for paraffin commenting on unaudited mid-month… Continued

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