By Given Majola LABOUR unions and debt firms are warning South African consumers to be very frugal with their spending as they face a “double whammy” of a massive fuel hike increase, which would result in higher food prices, and as the fallout of Russia’s invasion of Ukraine increases both costs. The Department of Mineral […]
CASH-Strapped consumers will have to dig deeper into their packets with the rise in petrol, diesel, and illuminating paraffin prices, and experts have warned that the hikes foreshadow further shocks to the economy
Durban – South Africans, buckling under the strain of rising fuel costs and increases linked to the one per cent VAT hike are turning to store cards which could lead to even more household debt. This is according to Neil Roets, CEO of debt counselling firm, Debt Rescue who said the number of store cards […]
Debt laden consumers owe R1.73 trillion ALTHOUGH the drop in fuel prices from today will bring some relief to deeply indebted consumers, it will be short-lived, as the value-added tax (VAT) rate is set to see a price hike next month. The Department of Energy announced last week that as from today the price of […]
Increase in cryptocurrency investors applying for counselling THE LATEST investment craze is driving thousands to consult debt counselors as they have found themselves in debt in attempts to find riches. Cryptocurrencies like Bitcoin have seen a rapidly growing number of deeply indebted consumers getting themselves into financial trouble. Financial expert and Debt Rescue chief executive, […]
Durban – The destiny of a South African or perhaps a few people could change tonight when the Lotto draw for the biggest jackpot since 2015 takes place. January is traditionally a bleak financial period for many people after December’s Christmas spending spree and the purchase of school clothes and fees for the new academic […]
MORE than 10 million people in Mzansi struggle with debt, more so our women. Debt Rescue’s internal statistics show that more than 51% of indebted people are women and most of the debt was caused by personal loans (94%), credit cards (84%) and store cards (76%). In the spirit of Women’s Month, SunMoney wants to share advice […]
South Africans are drowning in debt despite a slight drop in the number of people being summoned to court for owing money. According to Statistics South Africa, in June this year, Gauteng had the highest number of cases (17 603) followed by KwaZulu-Natal (8 800). However, these are also the provinces with the biggest populations. […]
FROM midnight, consumers will pay more for fuel and should brace themselves for further increases including meat prices by the end of the year, say experts. The price of petrol will increase by 44 cents a litre and diesel by 22 cents. Gwarega Mangozhe, chief executive at the Consumer Goods Council of SA, said the […]
THE fuel price is expected to increase by 83 cents a litre for petrol and 95 cents for diesel in April. The Automobile Association (AA) made the prediction yesterday, citing the rising oil price and an increase in the fuel levy of 30 cents. “Although the rand/US dollar exchange rate has firmed in the rand’s […]
We look forward to the opportunity to get you debt-free!
You can start your application process already. Simply download your assessment or fill in our online application and get one step closer to becoming debt-free with Debt Rescue!
