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.
Cape Town – The prime interest rate could be closer to 10% by the end of the year and peak close to 11% sometime in 2015, according to Mike Schüssler of economists.co.za. “While this is tough for consumers, it is not as bad as we expected just a few weeks or months ago,” he told
Johannesburg – A fuel price decrease will lighten the burden for heavily-indebted South Africans, a debt management firm said on Monday. “South Africa is a deeply indebted country with the total consumer debt totalling R1.47 trillion,” Debt Rescue chief executive Neil Roets said in a statement. The decrease, announced by the energy department on Friday,
South Africa is a deeply indebted country with the total consumer debt totalling R1,47 trillion,” Debt Rescue CEO Neil Roets said in a statement. The decrease, announced by the Energy Department on Friday, will however have little impact on the more than 25 percent of South Africans who were unemployed. “With more than a quarter
Debt councilors are showing an exponential increase in the number of clients seeking protection under debt review. This is according to Neil Roets, CEO of debt management firm, Debt Rescue, who said that while a 22c per litre decrease in the petrol price on Wednesday (4 June), will lighten the burden of middle class South
The 22c a litre drop in the price of fuel on Wednesday will provide a bit of breathing space for heavily indebted consumers. The wholesale price of diesel, meanwhile, will drop by 23.58c a litre and that of illuminating paraffin by 10c a litre. Neil Roets, CEO of Debt Rescue, said the price decrease will
A fuel price decrease will lighten the burden for heavily-indebted South Africans, a debt management firm said on Monday. “South Africa is a deeply indebted country with the total consumer debt totalling R1.47 trillion,” Debt Rescue CEO Neil Roets said in a statement. The decrease, announced by the energy department on Friday, would however have
Johannesburg – A fuel price decrease will lighten the burden for heavily-indebted South Africans, a debt management firm said on Monday. “South Africa is a deeply indebted country with the total consumer debt totalling R1.47 trillion,” Debt Rescue CEO Neil Roets said in a statement. The decrease, announced by the energy department on Friday, would
Cape Town – It is not true that the decrease in the petrol price is as a result of the upcoming elections, according to the energy department. It announced on Friday that the petrol price will decrease by 15.0 cents a litre (c/l), while diesel will drop by 29.78 c/l in Gauteng. Also seeing a
Cape Town – About the time the shops start filling with tinsel and other Christmassy trinkets, my inbox fills up with e-mails from people complaining about being harassed, out of the blue, by debt collectors demanding that they pay a seemingly “thumb-sucked” amount. Can collectors contact you many years after you last had dealings with
Thousands of middle class consumers who were able to work their way up from dire poverty thanks to their involvement with Lonmin by providing goods and services to the mining giant as well as to the 80 000 miners are facing bankruptcy because of the protracted miners’ strike. Neil Roets, CEO of Debt Rescue, one
