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.
Rise in under-25s struggling to pay off tertiary education A growing number of young people are battling to cope with debt, mostly to pay for their tertiary education, say experts. Ian Wason, chief executive of local debt management firm, DebtBusters, said the country already had a poor savings culture, but this was perpetuated by young
While a drop in the petrol price of 22c per litre would be welcome relief for consumers, it was likely to be offset by the severe drought plaguing South Africa’s grain-producing regions. That is according to Debt Rescue chief executive Neil Roets, who said the drought would lead to significant price increases in basic foods.
The expected 22 cents a litre decrease in the petrol price next Wednesday and a eight cents projected decrease for diesel will bring some relief to deeply indebted consumers. But this will likely be offset by the drought plaguing grain producing regions, which would lead to significant increases in basic food prices, said Debt Rescue
Students joining the newly employed are knee deep in loans. GRADUATES who have recently joined the ranks of employment are drowning in debt. Some say they are “knee deep” in student loans and are “struggling to pay back the money”. Students who failed to qualify for bursaries to fund their tertiary education are often left
A GROWING number of young people are battling to cope with debt, mostly to pay for their tertiary education, say experts. Ian Wason, chief executive of local debt management firm, DebtBusters, said the country already had a poor-savings culture but this was perpetuated by young people getting into debt – before they are employed –
Cape Town – A growing number of young people are battling to cope with debt, mostly to pay for their tertiary education, say experts. Ian Wason, chief executive of local debt management firm, DebtBusters, said the country already had a poor-savings culture but this was perpetuated by young people getting into debt – before they
Johannesburg – Any fuel price relief from next month is likely to be limited as a weak rand and rising oil prices are likely to send the price at the pumps higher by the festive season. According to the Central Energy Fund’s latest figures, released on Wednesday, the South African government is overrecovering by between
The petrol price could drop between 18 and 22c a litre‚ the Automobile Association (AA) said on Thursday. But‚ the AA warned‚ don’t get too hopeful of future price reductions. “Sustained declines in international oil prices since mid-month will bring some relief at the pumps‚” said an AA statement‚ adding that this is based “on
Debt Counselling aims to help over-indebted consumers get out of the debt trap. When I was in high school, the father of a close friend of mine shot himself dead at home. My schoolmates and I found it difficult to understand why he had done this — he’d always seemed so upbeat about life, and
