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 – A background screening company is warning that the credit amnesty, granted to those in over their heads last year, has backfired because adverse listings are piling up. The state earlier this year allowed heavily indebted consumers the opportunity to wipe the listing slate clean, although this did not expunge the debt. This credit
Debt levels rise again after slates cleared IRRESPONSIBLE financial behaviour is on the rise again. This signals that South Africans did not change their spending habits after the credit amnesty granted to deeply indebted consumers with adverse credit records, which had aimed to offer consumers a clear slate‚ experts say. EMPS chief executive Kirsten Halcrow
IRRESPONSIBLE financial behaviour is rising again‚ signalling South Africans did not change their spending habits after the credit amnesty granted to deeply indebted consumers with adverse credit records that had aimed to offer consumers a clear slate‚ experts say. Kirsten Halcrow‚ CEO of EMPS‚ the oldest background screening company in South Africa‚ said in a
Statistics compiled by debt management firm, Debt Rescue show that South African consumers owe the bulk of their monthly salaries to creditors. The group found that consumers owe as much as three quarters (75%) of their monthly pay to creditors, marking a 31% jump in new clients in need of debt rescue in the first
Shocking statistics compiled by one of South Africa’s largest debt management companies has shown that consumers owe more than 75% of their monthly pay checks to creditors. It had also shown that South Africans are woefully ignorant of their rights in relation to expired (prescribed) debt that does not have to be repaid and the
SOUTH Africans are renowned for being big spenders and not savers, and the trend spells a dire future for many individuals. As a nation, SA has been dissaving since 2005. Alarmingly, the net savings ratio (household savings as a percent of disposable income) is now running at -2,3%. The situation is a far cry from
Deeply indebted consumers must prepare for yet more pain after the Reserve Bank decided to increase the repo rate by 25 basis points, pegging the rate at 6%… Neil Roets, CEO of one of the largest debt-counselling companies in South Africa, Debt Rescue, said the increase comes at a time when electricity tariffs and the
AL SAL die verwagte petrol- en dieselprysverlaging verligting bring vir verbruikers wat klaar diep in die skuld staan, kan dié verligting net tydelik wees, maan Neil Roets, CEO van Debt Rescue Vrydag. Die petrolprys sal na verwagting dié week met 51 c per liter afneem en die dieselprys met sowat 75 c per liter. Hoewel
Johannesburg – Motorists can now enjoy some extra cash in their pockets thanks to the drop in petrol price which will be effective from midnight. The Department of Energy announced that all grades of petrol would cost 51 cents less a litre, while consumers would have to fork out just 75 cents less for a
Since most South Africans cry into their hands when filling up at their local garage, the Department of Energy’s announcement that petrol prices will be going down on Wednesday, is welcome news. The reduction we can expect, is a smile-inducing 51 cents per litre, across all grades. However, analysts say we shouldn’t break out the
