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 City of Johannesburg (CoJ) is hounding residents who owe it hundreds of thousands of rand for expired debts. Half of active credit consumers in Johannesburg are in deep debt because the city wants those residents with outstanding debts to be held liable and pay the money. Debt Management in South Africa chief executive officer
South Africa has reached its highest levels ever in terms of people with impaired credit records. This was noted by SACP general secretary Blade Nzimande, citing a report by the National Credit Regulator. Nzimande pointed out that there are 19 million credit active South Africans who have such impaired credit records, while more than 11
The latest data from the National Credit Regulator (NCR) shows that South African consumer debt has increased to R1.63 trillion in the second quarter of the year. Worryingly, despite a majority of credit active consumers are in good standing with debt payments, almost 45% are struggling to meet their repayments. According to data from debt
Johannesburg – The 53c a litre hike in the cost of diesel will not only badly affect heavily-indebted motorists who have opted away from petrol, but will also have a knock-on effect on items such as food. This is according to Neil Roets, CEO of Debt Rescue, who says the hike in diesel and in
INSURANCE brokers, steelworkers, call centre agents, retail assistants, bank clerks and public servants who have been hit by retrenchments all wish that employers rendered financial advice before giving their employees severance packages. More companies are going into liquidation because of the tough economic operating environment in SA, while the advent of automation in the workplace
Pretoria – Getting a phone call from a sales consultant offering a new “affordable” cellphone contract or something similar is guaranteed almost every week. The same goes for text messages offering personal loans. Even when the receiver is not interested, the consultants hardly ever take “no” for an answer. Minister of Trade and Industry Rob
The credit amnesty, granted to deeply indebted consumers with adverse credit records in April 2014, appears to have failed, as rapidly escalating numbers of adverse listings pile up. Kirsten Halcrow, the CEO of EMPS, the oldest background screening company in South Africa said there had been a substantial increase in the number of negative listings
