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.
Many already over-indebted consumers could fall even deeper into debt due to looming rate hikes and increases in prices of fuel. Download article
SA citizens show huge appetite for credit. Download article
JOHANNESBURG – As South African consumers face price hikes in electricity, fuel and groceries, there are warnings that people are increasingly borrowing money to make ends meet. A new report by the World Bank suggests South Africans are the biggest borrowers in the world. The Global Findex database report shows 86 percent of South Africans
South Africans were the biggest borrowers in the world in 2014, according to a report issued by the World Bank. And they appear to be borrowing mostly from friends and family, private micro-lenders and to a far lesser extent from financial institutions, says the report from the World Bank, known as the Global Findex database,
MANY already over-indebted consumers could fall even deeper into debt due to looming interest rate hikes and increases in the prices of fuel and electricity tariffs‚ Neil Roets, chief executive of debt management company Debt Rescue, said yesterday. Extremely high levels of debt limit the extent of growth in consumer spending. The fuel price increased
The price increase in all grades of petrol by 47 cents per litre on Wednesday on top of the increase in electricity tariffs and an almost certain rate hike by the Reserve Bank later in the year is going to have a devastating impact on consumers. Debt expert Neil Roets, CEO of Debt Rescue, one
JOHANNESBURG -The 47 cents per litre petrol price increase due to kick in on Wednesday, electricity hikes and an almost certain rate hike by the Reserve Bank later in 2015 will have a devastating impact on consumers, CEO of Debt Rescue, Neil Roets, says. “The present combination of economic factors is going to severely impact
