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.
THE Reserve Bank could this year be compelled to raise interest rates more frequently than last year to prevent the rand from pushing up prices, economists said. This trend could start at the Bank’s first meeting of the year at the end of this month. At 5.08pm on Monday, the rand was at R16.6565/$ after
Johannesburg – A massive spike in the rand/dollar exchange rate in the early hours of yesterday is a sign of terrible things to come, according to economists. “We are in a bit of a currency crisis right now,” economist Mike Schussler told The Star. Just after midnight on Sunday the rand was trading at 17.91
Johannesburg – A massive plummet in the rand/dollar exchange rate on Sunday night is a harbinger of terrible things to come, economists say. ”We are in a bit of a currency crisis right now,“ economist Mike Schussler told The Star on Monday morning. At around midnight, the rand was trading at 17.91 to the dollar,
THE Reserve Bank could this year be compelled to raise interest rates more frequently than last year to prevent the rand from pushing up prices, economists said. This trend could start at the Bank’s first meeting of the year at the end of this month. At 5.08pm on Monday, the rand was at R16.6565/$ after
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
YOU have a matric, but not a university pass. Now what? The future for matriculants looking to enter the job market this year was bleak, with only four out of every 10 matriculants destined to find jobs, Debt Rescue chief executive Neil Roets said. But it is not all doom and gloom. Youths have the
The year 2016 holds a dire outlook for consumers, debt experts warned. Referring to building cost pressures on severely strained consumers, DebtSafe MD Wikus Olivier told Fin24 their only means of survival will be to adopt and cultivate a simpler lifestyle. Over and above the usual factors that impact consumers’ pockets, such as the fuel
Matric class of 2015 facing grim jobs reality The matric class of 2015 is facing the stark reality that fewer than four in every 10 matriculants are going to get jobs, according to Neil Roets, CEO of debt management firm Debt Rescue. This means close to 500 000 unemployed youths will be joining the ranks
The year 2016 holds a dire outlook for consumers, debt experts warned on Monday. Referring to building cost pressures on severely strained consumers, DebtSafe MD Wikus Olivier told Fin24 their only means of survival will be to adopt and cultivate a simpler lifestyle. Over and above the usual factors that impact consumers’ pockets, such as
Owing to a tighter job market, Debt Rescue estimates that almost 500 000 youths will be joining the ranks of the unemployed this year. This meant that only four out of every ten matriculants would be employed in the next year. “In the last five years, we have seen a steady increase in the number
