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

First National Bank (FNB) recently revealed that middle-income consumers were spending up to 80% of their monthly salary within five days of being paid. In addition, salaried middle-income consumers with credit spend, on average, 30% of their income on unsecured credit and 35% on secured credit. CEO of Debt Rescue Neil Roets says that their […]

By Yogashen Pillay DURBAN – DEBT Rescue SA and economists warn the latest interest rate hike by the South African Reserve Bank (Sarb) will put more strain on the already struggling South African consumer. Last week, Sarb governor Lesetja Kganyago announced the repo rate would be increased by 50 basis points to 4.75%. Neil Roets, […]

By Philippa Larkin  A STAGGERING 88 percent of South Africans can no longer afford basic goods and services in the face of ever-rising living costs, the latest survey conducted by Debt Rescue, released this week, found. This as Finance Minister Enoch Godongwana delivers his Budget today, walking the ever fraught tightrope of guiding South Africa’s growth […]

By Yogashen Pillay DURBAN – While the prices of fuel will be slightly cheaper from today, calls have been made for the government to urgently look into the fuel price model. The Department of Mineral Resources and Energy said fuel prices will decrease across the board today: 93 unleaded petrol (ULP) and leadreplacement petrol (LRP) petrol, […]

By Se-Anne Rall Durban – It seems people shoving each other to get their hands on Black Friday specials is now a thing of the past. Social media users said most malls were quiet, and they were able to dash in and out for a bit of usual grocery items without hassle. It appears that many […]

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