Stay informed with the latest news and expert opinions from South Africa’s leading news agencies. Debt Rescue’s CEO Neil Roets and Debt Rescue’s COO, Annaline van der Poel, shares economic insights, explains how debt review can help over-indebted consumers, and valuable financial advice. From expert interviews to breaking news, this page brings you honest discussions about money, debt counselling, and actionable tips to help you take control of your debt.
South Africa is sliding deeper into financial crisis with no relief in sight. The South African Reserve Bank (SARB) decided last week to leave the repo rate unchanged. For economists, it is mostly an academic discussion whether it was the right move, but for the country’s cash-strapped consumers it was bad news greeted with dismay.
South Africans paying back interest on loans were given no reprieve this past week after the South African Reserve Bank (SARB) opted to keep the repurchase rate (repo rate) unchanged. This means the repo rate will remain at 6.75%, translating to the prime lending rate also staying the same at 10.50%. The repo rate, which
Debt Rescue says it is witnessing a growing number of consumers relying on credit — including costly short-term loans — simply to cover essentials such as food, fuel, electricity and water. CEO Neil Roets warns that the crisis has shifted from being purely economic to deeply human, with families pushed to the brink as they
The South African Reserve Bank will announce its first decision of the year on interest rates on Thursday afternoon. It has been widely predicted that the central bank will keep rates unchanged. Economists and analysts have predicted that the central bank will be moving with caution and keep the rate unchanged at 6.75%, translating to
The South African Reserve Bank will announce its first decision of the year on interest rates on Thursday afternoon. It has been widely predicted that the central bank will keep rates unchanged. Economists and analysts have predicted that the central bank will be moving with caution and keep the rate unchanged at 6.75%, translating to
If there is one thing that South Africans from all walks of life agree on, it is that the cost of food is the number one concern for themselves and their families right now. High food prices and the cost of living crisis affect households across all income brackets, although the impact on the poor
Consumers were warned about spending too much over December and many listened, but most are still worse off after the festivities. There is a reason why January is called Januworry – that broke feeling after December when you have no money for the month and try to recover from the festive buying hangover. The survey
The start of the year has become synonymous with financial strain for many South Africans as they deal with the unsettling aftereffects of festive spending, termed JanuWorry. The latest survey from Debt Rescue reveals a nation grappling with significant emotional and financial challenges, casting light on the reality of a society under growing financial pressure.
Experts mostly expect interest rates to remain unchanged next week. The Monetary Policy Committee (MPC) is expected to meet next Thursday for the first interest rate announcement of 2026. Neil Roets, the CEO of Debt Rescue, said that while a further interest rate cut remains possible, the balance of factors suggests it is more likely
Neil Roets, the CEO of Debt Rescue, said that they believe that, while a further interest rate cut remains possible, the balance of factors suggests it is more likely that the South African Reserve Bank (SARB) will keep interest rates unchanged at the next MPC meeting. “There are several moving parts influencing this decision, and
