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.
Johannesburg – As South Africans gear down for the festive season, a debt management company is warning that they risk over-extending their wallets and ending up in financial difficulty come January. This is now especially the case after the South African Reserve Bank raised the repo rate last Thursday, taking the prime lending rate to
THE rand softened against the dollar after the Reserve Bank’s monetary policy committee (MPC) raised the repo rate by 25 basis points to 6.25% on Thursday, citing concerns over a weak rand and rising inflation. It was widely expected that the MPC would keep rates on hold as weak oil prices and a struggling local
The South African Reserve Bank’s (Sarb’s) Monetary Policy Committee (MPC) has decided to increase the repo rate by 25 basis points to 6.25%; the prime lending rate is 9.75%. Two MPC members favoured an unchanged stance. Sarb Governor Lesetja Kganyago said risks to the forecast have increased to the downside, mainly due to worsening drought,
Gaan sit dadelik om ’n tafel met jou familielede en vriende en stem in dat julle nie vanjaar Kersgeskenke gaan koop nie. Moenie buitensporig feesvier nie en moenie onnodige goed koop nie. Gebruik jou bonus of enige bykomende inkomste om skuld te delg. Dís die raad van Wendy Monkley, bemarkingshoof van die skuldberadingsfirma DebtBusters, nadat
The 25 basis point increase in the repo rate announced by the Reserve Bank could push food inflation as high as 10% with catastrophic results for deeply indebted South Africans. That’s the view of Neil Roets‚ CEO of one of the largest debt management companies in South Africa‚ Debt Rescue. He said the combination of
Finansiele ramp wag as skuld nie in bedwang gehou word Kaapstad. – Gaan sit dadelik om ‘n tafel met jou familielede en vriende en stem in dat julle nie vanjaar Kersgeskenke gaan koop nie. Moenie buitensporig feesvier nie en moenie onnodige goed koop nie. Gebruik jou bonus of enige bykomende inkomste om skuld te delg.
Finansiele ramp wag as skuld nie in bedwang gehou word Gaan sit dadelik om ‘n tafel met jou familielede en vriende en stem in dat julle nie vanjaar Kersgeskenke gaan koop nie. Moenie buitensporig feesvier nie en moenie onnodige goed koop nie. Gebruik jou bonus of enige bykomende inkomste om skuld te delg. Dis die
The rate hike by the reserve bank will negatively affect consumers over the Christmas period as the knock-on effects hit us all where it matters – the wallet. Yesterday’s interest rate hike of 25 basis points will cause all debt repayments, such as mortages and vehicle and credit card payments, to increase, putting additional financial
As the number of people battling over-indebtedness increases, consumers have been warned to be careful about over-spending during the festive season. Statistics by the National Credit Regulator (NCR) showed the number of people with impaired credit records or in arrears with their accounts stands at 10.26 million. Neil Roets, CEO of Debt Rescue, cited lack
News that fuel prices were expected to drop later this week might have left South Africans breathing a sigh of relief, but finance experts have warned that any possible relief would likely be offset by a significant increase in the price of basic foods. This was as a result of the continuing drought and its
