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.
MAXED-OUT credit cards, late payments and a deepening debt crisis are just some of the financial issues plaguing South African consumers as they approach Black Friday; not with wishlists, but with worries. Black Friday, the day after Thanksgiving in the United States, marks the start of the festive shopping season, a phenomenon that has spread
As anticipation builds for today’s interest rate decision from the South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC), economists and citizens alike hold their breath. However, amid this fiscal posturing, Neil Roets, CEO of Debt Rescue, voices a contrasting perspective, reflecting on the stark realities faced by millions of South Africans. While recent government
As the world gears up for the annual Black Friday shopping frenzy on 28 November, a startling new survey conducted by Debt Rescue revealed a troubling shift in the motivations of South African consumers. Once primarily associated with splurging on luxuries, this year’s shopping event has transformed into a desperate struggle for survival among many
A Perfect Storm in December This precarious situation sets the stage for a “full-blown crisis” during the festive season, warns Debt Rescue CEO Neil Roets. He notes that many households are entering this period with “almost no buffer at all.” “The interest rate cuts have helped at the margins, but not nearly enough to turn
Debt Rescue CEO Neil Roets warned that many households are entering the most financially demanding period of the year with “almost no buffer at all.” “The interest rate cuts have helped at the margins, but not nearly enough to turn the tide for households whose incomes have been swallowed by years of rising living costs
Finance Minister Enoch Godongwana’s Medium-Term Budget Policy Statement (MTBPS) has left many South Africans disappointed as the government appears to focus on debt stability and strengthening reserves, while millions of South Africans struggle to make ends meet. Debt Rescue CEO Neil Roets said the country’s latest budget acknowledgements do little to ease household financial burdens.
Finance Minister Enoch Godongwana’s Medium-Term Budget Policy Statement (MTBPS) delivered on Wednesday outlined government’s plans to drive growth, stabilise debt and strengthen service delivery. Yet for millions of South Africans struggling to make ends meet, the message was clear: relief is not coming any time soon. The Minister said that South Africa’s main budget primary
Economists and analysts believe a 25 basis point interest rate cut is likely when South African Reserve Bank (SARB) Monetary Policy Committee (MPC) meets for its final sitting next Thursday. This comes as Finance Minister Enoch Godongwana on Wednesday reaffirmed his confidence that inflation is steadily trending lower, opening room for the Reserve Bank to
There have been both positive and negative comments on Thursday after the minister of finance delivered the Medium-Term Budget Policy Statement (MTBPS). However, while there was good news for the long-term financial health of the country, citizens were left in the lurch with nothing to show in the short term. The minister faces a daunting
Although there was relief at the pumps last week, it does not spell a jolly festive season and Christmas for South Africans because it will not do much about their dire financial circumstances, where the gap between what people need and what they can afford is constantly widening. The Department of Petroleum and Mineral Resources
