Fin24


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

Cape Town – Consumers can’t afford the petrol levy amid growing levels of debt and soaring costs of living, according to Debt Rescue CEO Neil Roets. In a studio interview with News24 Live, Roets said that although the petrol levy is a meaningful form for revenue collection for the state, consumers can’t afford it with… Continued

Cape Town – Debt counsellors are seeing a sharp increase in the use of payday loans among South Africans in the 25-39 age group. Personal loans make up the biggest portion of the debt type for all ages, except the over-65s, according to statistics from Debt Rescue. The over-65s have more credit card debt than… Continued

Cape Town – It’s very easy to get into debt, but very difficult to escape once the debt monster has you in its clutches. Here are some practical tips from the experts at Debt Rescue on how not to get into debt in the first place: – Save for luxuries and buy cash; – Draft… Continued

Cape Town – In addition to an expected big increase in the price of red meat, consumers should also brace themselves for an 18 cents a litre hike in the price of petrol – which in turn will have a knock-on effect on the prices of all other commodities, warned Neil Roets, CEO of debt… Continued

Cape Town – April 1 is usually a time for tomfoolery as many accept the odd joke or two at their own expense, all in the name of good fun. But come Friday, the economy will be playing the biggest joke of all and South Africans won’t be laughing this time around. Here are 10… Continued

The continuous drought, the likelihood of an electricity price hike and the probability of a tax increase early this year is going to squeeze consumers to the maximum, according to Neil Roets of Debt Rescue. He said the depreciation of the rand will increase the woes of severely strained consumers during the early part of… Continued

The year 2016 holds a dire outlook for consumers, debt experts warned. Referring to building cost pressures on severely strained consumers, DebtSafe MD Wikus Olivier told Fin24 their only means of survival will be to adopt and cultivate a simpler lifestyle. Over and above the usual factors that impact consumers’ pockets, such as the fuel… Continued

Cape Town – The matric class of 2015 is facing the stark reality that fewer than four in every 10 matriculants are going to get jobs, according to Neil Roets, CEO of debt management firm Debt Rescue. This means close to 500 000 youths will be joining the ranks of the unemployed this year and… Continued

Cape Town – In South Africa much more needs to be done – even at school and tertiary level – to make consumers more money savvy in order to protect them from “the hordes of vultures out there” trying to part them from their hard-earned money, according to Anneline van der Poel of debt management… Continued

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