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Debt Rescue Urges South Africans to make responsible financial decisions  NATIONAL NEWS – Debt Rescue SA has urged South Africans to make responsible financial decisions even with uncertainty around the COVID-19 global pandemic. Photos and videos have gone viral of South Africans panic buying at grocery shops this week. Thousands cleared shop shelves on Monday […]

NATIONAL NEWS – South Africans have been urged to start budgeting, with Debt Rescue saying about 50 percent of consumers are already about three months behind in their repayments of at least one account. Interest rates have increased, food prices are going up and this week the National Energy Regulator (Nersa) announced that electricity prices […]

Fuel and electricity price increases may drive country into recession, according to economist, Dawie Roodt. The R1.62 a litre increase in the price of 95 octane fuel together with the 14.25% increase in electricity tariffs for municipal users could drive South Africa into a full-blown recession. Roodt said this was the largest fuel increase in […]

Consumer debt will remain high despite the upcoming drop in fuel prices, a debt counsellor said on Monday. “The drop in the retail price of petrol of 45 cents a litre on Wednesday will bring welcome relief to deeply indebted South Africans, but the overall indebtedness of consumers remains a problem,” Debt Rescue CEO Neil […]

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