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.
According to a World Bank report last year we borrowed more than any other country as most people sought loans to cover daily living costs. This might be why we shun financial institutions, preferring to take loans from family, friends and microlenders. Worldwide, 40% of people took out a loan in the year, reported the
The price of petrol has increased by 47 cents a litre while diesel will now cost motorists between 46 and 49 cents more per litre. Economists have urged South Africans to tighten their belts as a 47c petrol increase takes effect on Wednesday morning. Electricity tariff increases and a possible interest rate rise later this
Gauteng residents are in for a rough ride with e-tolls, electricity hikes & now a petrol price increase. JOHANNESBURG – With fuel prices increasing this morning, economists have again warned tough times lie ahead for consumers, especially Gauteng residents. Coupled with e-tolling, a hike in electricity tariffs and a possible interest rate rise later in
THE rise in electricity tariffs and an almost certain rate hike by the Reserve Bank later in the year were going to have a devastating impact on consumers, the chief executive of Debt Rescue, Neil Roets, said yesterday “The present combination of economic factors is going to severely impact on con¬sumers, many of whom are
JOHANNESBURG – The 47 cents per litre petrol price increase due to kick in on Wednesday, the rise in electricity tariffs and an almost certain rate hike by the Reserve Bank later in the year were going to have a devastating impact on consumers, CEO of Debt Rescue, Neil Roets, said on Tuesday. In a
The 47 cents per litre petrol price increase due to kick in on Wednesday, the rise in electricity tariffs and an almost certain rate hike by the Reserve Bank later in the year were going to have a devastating impact on consumers, CEO of Debt Rescue, Neil Roets, said on Tuesday. In a statement, Roets
Petrol will increase by 49c a litre with diesel increasing by between 46c and 49c a litre. Paraffin will cost between 42c and 56c more a litre. Neil Roets, CEO of debt management company Debt Rescue, says the price increases will have a ripple effect on other goods such as food. “People must understand that
MANY already overindebted consumers could fall even deeper into debt due to looming interest rate hikes and increases in the prices of petrol and electricity tariffs, debt management company Debt Rescue CEO Neil Roets said on Tuesday. Extremely high levels of debt limit the extent of growth in consumer spending. The petrol price will increase
n a statement, Roets said: “The present combination of economic factors is going to severely impact on consumers, many of whom are already deeply indebted.” Roets said that every commodity consumed in the country was transported by road, and the 49 cents a litre increase in the diesel price is going to impact directly on
Cape Town – 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. This report from the World Bank, known as the Global
