In The Press

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

Cape Town – While motorists are paying the highest price yet for a litre of petrol, an economist warns that further hikes can be expected. Economist Chris Hart said consumers should brace for another increase owing to the high price oil. “International oil prices have been relatively strong at the beginning of this month and… Continued

Cape Town – Women are better at managing their credit than men and seek help from debt counsellors sooner than their male counterparts, according to Neil Roets, CEO of Debt Rescue. This finding is in line with those of a survey conducted by the Credit Bureau Association (CBA), which found that women were significantly better… Continued

Cape Town – The probe into the alleged fraudulent issuing of garnishee orders is merely the tip of the iceberg of a nation-wide problem, according to Neil Roets, CEO of Debt Rescue. Recently four employees at the Palm Ridge Magistrate’s Court in Alberton were investigated in this regard. With some 20 million credit-active consumers collectively… Continued

Cape Town – The soaring price of petrol has left long-suffering motorists reeling and August will be no different with another hike in the offing. It is expected that fuel will rise by between 20 and 30 cents a litre on August 7. Economist Dawie Roodt told Fin24 that the stronger rand is curbing a… Continued

Johannesburg – The number of young South Africans between 18 and 25 years old who have become over-indebted has grown significantly over the past year, according to a study by Unisa and a student marketing company. These over-indebted young people are part of the ranks of the more than 50% South African consumers battling to… Continued

Johannesburg – The threat by the government to raise taxes because of what deputy Finance Minister Nhlanhla Nene called “revenue coming in below expectations” coupled with the expected 61c a litre increase in the petrol price on August 7 is going to have a devastating impact on consumers. Nene said: “Things are not going how… Continued

Cape Town – For many consumers, retail therapy seems to be just what the doctor ordered to lift their mood. But just as many go out and buy goods that they do not need and cannot afford, turning what should have been a mood enhancer into a potential debt disaster. “It’s not called retail therapy… Continued

Cape Town – It seems a near certainty that the government will introduce a second credit amnesty. In its recent presentation to parliament, the department of trade and industry made it clear that they were determined to proceed with the scheme. However, there are many in the financial sector who expressed great concern over the… Continued

Cape Town – More young people face crippling debt as unsecured lending is spiralling out of control, a debt management firm warned on Tuesday. Debt Rescue CEO Neil Roets said that younger people are getting themselves into hot water. According to Debt Rescue, the number of young people in the 18 to 34 year age… Continued

Johannesburg – With rocketing food, fuel, electricity and other prices, more and more analysts are warning South Africans against falling into the debt trap. Automobile Association spokesperson Gary Ronald this week warned motorists that they can expect the fuel price to peak at about R13.50 to R14.00 per litre this year, with a chance of… Continued

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