Over-indebted consumers struggling to make ends meet Overspending over Black Friday, Cyber Monday and the Christmas holidays will have “severely negative consequences” for over-indebted consumers, a debt counselling expert has said. Acknowledging the brief relief brought from the decrease in fuel prices in December and now January, CEO of Debt Rescue Neil Roets also pointed… Continued
Consumers will be faced with higher travelling costs and the possibility of food price inflation as a result of the fuel price hikes which came into effect at midnight of Tuesday, economists have warned. The inland price for a litre of 95 octane unleaded petrol will cost R16.02 from Wednesday. The coastal price will be… Continued
Correction: This article has been amended to clarify that the R1bn refers to the total credit facility made available by Pick n Pay for cards. It does not refer to credit already taken up by customers, as Fin24 wrote in a previous version of this article. Johannesburg – Pick n Pay says it has granted R1bn… Continued
Cape Town – Consumers are in for a very rough ride in 2017, Neil Roets, CEO of Debt Rescue, cautioned on Friday. He warned that 2017 was going to be a tough year and consumers who had difficulty making ends meet in 2016 were going to find it much harder in the New Year. He… Continued
Fears of a full-scale recession, electricity hikes and debt forgiveness plans are some of the hot business news stories on Fin24. Gross domestic product contracted 0.7% for the first quarter of 2017, indicating that the country has entered into a technical recession, according to deputy director general of Economic Statistics at Statistics South Africa (Stats… Continued
Cape Town – Consumers are fighting a losing battle against the rising cost of living amid a barrage of bleak economic indicators. South Africa is in a technical recession, its unemployment rate is on a 14-year high, it has suffered junk status gradings by two ratings agencies and on top of that, it faces potential… Continued
Cape Town – While motorists can expect a further drop of 60 cents in the petrol price next month, the country is still in a technical recession and the price could increase in months ahead, warned a debt expert. The Automobile Association (AA) expects a petrol price decline of between 60c and 64c a litre in… Continued
Cape Town – South African consumers face a debt crisis after the country entered a technical recession in 2017, according to Debt Rescue CEO Neil Roets on Friday. “We have been living through the recession for the past couple of months,” he said. “It has had a big impact on consumers. More than 10 million… Continued
Cape Town – Government’s intention to implement a debt forgiveness programme for over-indebted households poses a major threat to the financial sector, according to Neil Roets, CEO of debt management company Debt Rescue. In a discussion document presented to Parliament, MacDonald Netshitenzhe, acting deputy director general at the consumer and corporate division of the Department… Continued
Cape Town – A fuel price hike in May would have an immediate impact on the prices of virtually all goods and services, said Neil Roets, CEO of debt counselling firm Debt Rescue. The Automobile Association’s (AA) mid-month data issued on Tuesday is forecasting petrol to increase by up to 55 cents a litre in… Continued
Oprah Winfrey: 3 Personality Traits That Can Help You
We all work hard for our monthly salaries, and in light of recent interest hikes and looming fuel an...
Black Friday Sales: 3 Cold Truths Every South African S...
Black Friday is one of those great American inventions, like bubble gum. Black Friday Sales were cle...
Let Debt Rescue save you – Your essential guide t...
Debt Review Can Change Your Life
Getting into debt is easy. Too easy. The allure of easy credit can...
Afrikaanse Nuus (eNuus)
The disadvantages of online shopping
What are the top disadvantages of online shopping?
The South African consumer has a real strong mal...
We look forward to the opportunity to get you debt-free!
