Buying food on credit is symptomatic of a bigger problem. Consumers who have experienced a change in their financial standing, either through retrenchments or pay cuts, are in trouble and taking on more expensive debt is only going to make it worse. On 1 June, StatsSA announced that the country’s unemployment rate has continued to worsen, hitting… Continued
Over-indebted consumers are set to face a tough 2021. With over 2 million jobs lost in 2020, the highest number of Covid-19 cases on the continent and the after-effect of strict lockdown restrictions still affecting businesses, the future looks uncertain for many South Africans, particularly financially. According to Trading Economics, household debt in relation to… Continued
This webinar was hosted by Debt Rescue and the Mail & Guardian. It featured, from Debt Rescue, Neil Roets, Founder and CEO; Annaline van der Poel, COO; and Pascal Sinclair, Chief Relations Officer. Arecent poll run by Debt Rescue found that 85% of South Africans have been affected by the Covid-19 crisis, and only 11% said… 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
Tax burdens — even for the rich — may have eased, but inflation will step in to spoil the party Thalia Holmes his year’s budget won’t cripple you. But it probably won’t help you run faster either. From a consumer perspective, it’s laced with sugar-filled energy drinks: designed to give you an instant boost, but… Continued
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