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 fuel price is expected to go down by 49 cents a litre and the price of diesel by 70c/litre in August. Earlier this week, the Automobile Association of SA (AA) said that in terms of current data it expects the petrol price to decrease by up to 49c/litre, the price of diesel by about
Although an anticipated fuel and diesel price decrease will greatly help deeply indebted consumers, the relief might be only temporary, cautioned Debt Rescue CEO Neil Roets on Friday.The fuel price is expected to go down by 49 cents a litre and the price of diesel by 70c/litre in August. Earlier this week, the Automobile Association
The predicted decline in the fuel price of 49 cents a litre, and the even more substantial decrease in the price of diesel of 70 cents a litre, will substantially benefit deeply indebted consumers. This decrease, however, may be of a very temporary nature as the Rand is taking a hammering, having decreased in value
Johannesburg – A pending decrease in the price of fuel is good news for heavily indebted consumers, although the cheer may be short-lived, according to debt management company Debt Rescue. CEO Neil Roets says consumers must be aware that other economic indicators remained largely negative. “It is belt tightening time for the storm that might
The predicted decline in the South African fuel price of 49 cents per litre, and the even more substantial decrease in the price of diesel of 70 cents per litre, will substantially benefit deeply indebted consumers. This decrease, however, may be of a very temporary nature as the South African rand is taking a hammering,
All grades of petrol will cost 51c a litre less from next Wednesday, the Department of Energy announced on Friday. Diesel 0.05% sulphur and diesel 0.005% sulphur will decrease by 75.82c and 73.82c respectively, while liquefied petroleum gas (LPG) will decrease by 56.0c/kg, illuminating paraffin (wholesale) by 70c/l, and illuminating paraffin (SMNRP) by 93c/l, the
The expected fuel price decline of around 49 cents a litre in August predicted by the AA is good news‚ but it is the anticipated decrease in the price of diesel of 70 cents a litre that will substantially benefit consumers. “Everything we consume is transported by trucks that guzzle vast amounts of diesel. If
South African consumers will probably continue to face stricter lending regulations by banks following the SA Reserve Bank’s (Sarb) decision to increase the repo rate by 25 basis points to six percent. Interest rates effectively increased to 9.5 percent per annum. Gary Palmer, chief executive of Paragon Lending Solutions, said: “An interest rate hike has
