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The continuous drought, the likelihood of an electricity price hike and the probability of a tax increase early this year is going to squeeze consumers to the maximum, according to Neil Roets of Debt Rescue. He said the depreciation of the rand will increase the woes of severely strained consumers during the early part of… Continued

Cape Town – As things stand at the moment, consumers are on the knife’s edge, Neil Roets, CEO of Debt Rescue told Fin24 on Tuesday. “If the decision by Nersa was to grant Eskom’s request for a 25% rate increase, it would have added to the financial strains of consumers, especially in light of all… Continued

Johannesburg – Eskom’s proposed 25% electricity price hike, if approved, will further cripple the already bleeding South African economy, the Steel and Engineering Industries Federation of Southern Africa (Seifsa) said on Tuesday. “The metals and engineering sector has been struggling for more than five years, owing to fierce import competition from Asian economies, industrial action,… Continued

ADVERTORIAL Pretoria – It is clear from recent statistics that many people are still drowning in their debt. “We see a daily increase in the number of clients that are applying for debt counselling,” said Neil Roets, CEO and pioneer of Debt Rescue. “Approximately 9 100 clients applied for debt review in the year 2013/2014… Continued

Cape Town – South Africans were the biggest borrowers in the world in 2014, according to a report issued by the World Bank. And they appear to be borrowing mostly from friends and family, private micro-lenders and to a far lesser extent from financial institutions. This report from the World Bank, known as the Global… Continued

Cape Town – Eskom’s application to the National Energy Regulator (Nersa) for an additional 12.6% increase in the price of electricity will have enormous implications for the South African business sector and consumers, the AHi business chamber warned on Thursday. Nersa said it would announce its decision on whether it will authorise Eskom’s application to… 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

Johannesburg – Two of South Africa’s top economist are predicting that the rand may slide as low as R11.60 or weaker to the dollar in the near future which is going to have a severe impact on everything from the price of food to imported vehicles. Independent economists Dawie Roodt and Brenthurst Wealth Management investment… Continued

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