Eye Witness News

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Consumers warned to spend wisely in wake of fuel price drop Stats SA on Tuesday announced a 2.2% increase in the third quarter Gross Domestic Product. JOHANNESBURG- As South Africans welcome the news of a growing economy and a lower petrol price, consumers are being warned against using money they don’t have. Stats SA on Tuesday… Continued

The Agricultural Business Chamber (Agbiz) says the overall food inflation rate will still be lower this year compared to 2016. CAPE TOWN – The Agricultural Business Chamber says next month’s expected fuel hike will offset some of the decreases in food prices over the next year. Quoting the Central Energy Fund’s figures, the Chamber’s Wandile… Continued

Debt Rescue says Jacob Zuma disregarded about 10 million South Africans who are over indebted. CAPE TOWN – Debt Rescue says President Jacob Zuma failed to keep in mind those who are struggling financially when he made his Cabinet reshuffle. The organisation has blamed Zuma for the recent credit downgrade, saying while he was making… Continued

CEO Neil Roets says 2016 has been a hard year for most consumers, but 2017 will more than likely see even more people going into debt. JOHANNESBURG – Debt Rescue has warned South Africans are in for more troubled economic times in 2017. It says issues like next week’s hefty increase in fuel prices and… Continued

Experts have raised concern about consumer credit spending in South Africa. JOHANNESBURG – A debt recovery agency has raised concerns about consumer spending habits, following research by Absa’s card analytics team that suggests South Africans are borrowing more money instead of cutting back on luxury items. While the country’s tough economic climate has become overwhelmingly… Continued

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