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.
Janu-worry is unamimously considered the longest month in the year, and it’s not an overstatement to say that South Africans spend January counting pennies or wishing that they did not have to overspend in December. For many South Africans, the ‘Janu-worry blues’ is a familiar “hangover” experience thanks to the obligatory festive season spending spree
DIRE FESTIVE SEASON CHEER As the festive season approaches, a profound sense of financial hardship envelops South Africa, as evidenced by alarming statistics from a recent survey conducted by Debt Rescue. With 94% of respondents reporting dire financial strain, the nation is gearing up for celebrations that many simply cannot afford. The survey sheds light
The festive season is a time for joy, laughter and connection, but for many of us, it is also a time of financial stress, exacerbated by the pressure to spend more than we can afford. The good news is that you don’t have to spend a fortune to create the magic. Focusing on what truly
At the end of a tough year, we’re all looking forward to spending an indulgent festive season with friends and family. This is the time when we let go a little and splash out on extravagant festivities, parties and gifts, which can lead to overspending and an unhealthy bank balance, come January. It’s been a
With the festive season around the corner, the latest petrol price hike announced by the Department of Petroleum and Mineral Resources (DMRE) of a 29-cent increase in the price of 95 and 93 Unleaded petrol has been met with dismay and disappointment on all fronts. Neil Roets, CEO of Debt Rescue, says the impact of
South Africans seemed to have dumped big ticket items such as big screen TVs during this year’s shopping event of the season, Black Friday, and deal hunted for every day grocery items. This comes as consumers in the country continue to feel the bite from the cost-of-living crisis and look for ways to stretch their
Two-thirds of South Africans (64.3%) are relying on significant Black Friday deals on groceries and food to take the edge off what has been one of the toughest years financially for households across the country. This is the disturbing reveal from a survey conducted by the country’s leading debt counselling company, Debt Rescue, to ascertain
Thursday’s repo rate cut was welcome for ordinary South Africans, but it is coming too late for them to avoid being smashed by debt as they try to make ends meet. Earlier this week President Cyril Ramaphosa opened an Optimistic message to the nation, commending government for being able to “showcase a country on an
Debt experts are cautioning that this year’s Black Friday shopping period could push already distressed South African consumers further into debt, as economic pressures continue to weigh heavily on households. Neil Roets, CEO of Debt Rescue, on Monday said the firm is “undeniably concerned” about the risk of consumers overextending themselves during the annual retail
South Africans were given some relief ahead of the festive season that is about to kick off after the South African Reserve Bank dropped the repurchase rate for the country by 25 basis points (BPS), taking it from 7.00% to 6.75% per annum. This translates to the prime lending rate in South Africa decreasing from
