Johannesburg – Monday’s intervention by the Energy Department to keep fuel prices unchanged for September, except for 4.9 cents a litre on petrol to cover a previously agreed pay rise for forecourt workers, will come back to haunt motorists over the next few months, says economist Dawie Roodt. “There’s a set formula,” he explained, “that… Continued
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Durban – South Africans, buckling under the strain of rising fuel costs and increases linked to the one per cent VAT hike are turning to store cards which could lead to even more household debt. This is according to Neil Roets, CEO of debt counselling firm, Debt Rescue who said the number of store cards… Continued
3 REDIT cards and store cards have their conveniences. They enable you to buy items upfront that you can pay for all in one go at the end of the month. If this is how you are using such cards, a pat on the back for your financial discipline. The trouble sets in when you… Continued
Durban – The destiny of a South African or perhaps a few people could change tonight when the Lotto draw for the biggest jackpot since 2015 takes place. January is traditionally a bleak financial period for many people after December’s Christmas spending spree and the purchase of school clothes and fees for the new academic… Continued
Durban – There will be little to cheer about this December for motorists as yet another fuel price increase has been predicted. Economist, Dawie Roodt said with the plummeting rand and increasing crude oil prices, South Africans can expect to pay at least 70 cents per litre for petrol and 60 cents per litre for… Continued
Cape Town – Deeply indebted consumers should not view South Africa’s unchanged credit rating by S&P as a reprieve to go on a spending spree. This is the message from Neil Roets, CEO of one of South Africa’s largest debt management companies, Debt Rescue. S&P on Friday decided to keep South Africa’s credit rating at… Continued
South Africans should prepare themselves for the biggest price hike in the cost of red meat later this year as inflation and the drought take their toll, warn experts. Although red meat prices are stable at the moment, consumers should prepare for double-digit price hikes by trying to pay off debt as the increase will… Continued
Cape Town – There is no reprieve for consumers about the unchanged fuel price as they are already struggling to make ends meet amid mounting consumer debt. The petrol price will remain the same come Wednesday May 6, according to the Department of Energy (DOE). However the price of diesel and other fuels will decrease.… Continued
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