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.
Johannesburg – Applications for debt counselling are increasing at an alarming rate and with higher petrol and food prices as well as a weaker rand, the outlook for debt-ridden consumers is bleak. DebtBusters CEO Ian Wason said consumers only apply for debt counselling when it is almost too late. “Before signing up for debt counselling,
ONE of the clauses in the National Credit Amendment Bill, which is due to be signed into law by President Jacob Zuma shortly, will have a significant effect on the way debt is collected and passed on. The law will prohibit the sale by credit providers of prescribed debts arising from credit agreements. Periods of
Cape Town – Consumers who are neck deep in debt are set for another windfall, with legislation in place to make it illegal to collect debt that is more than three years old South Africans with paid-up default judgments against their names at credit bureaux had their adverse records cleared on April 1 and now
Sowat 5,7 miljoen verbruikers kan bevoordeel word deur die kredietinligtingsamnestie wat op 1 April in werking tree. Dit is volgens die jongste kredietburoverslag vir die kwartaal tot einde Desember se inligting wat toon sowat 5,7 miljoen verbruikers is op die sogenaamde “swartlys”. Dit is verbruikers wat ’n hofbevel oor skuld op hul naam het of
Entrepreneurs and start up companies are positioned to be hardest hit by the National Credit Amendment Act as the major banks look to mitigate risk by tightening lending. DESTINY takes a look at how the banks are reacting to the new legislation Capitec Bank is currently feeling the effects of the 2006 credit amnesty, which
Johannesburg – A poll conducted by one of South Africa’s largest credit management companies revealed that many indebted consumers believed their debt was going to be wiped out on April 1 thanks to the credit amnesty introduced by the government. Neil Roets, the chief executive of Debt Rescue, said more than one third of the
Proposed changes in court rules that will make it impossible for creditors to sell the homes of defaulters for a pittance, still leaving them deep in debt and homeless, would greatly alleviate the suffering of deeply indebted South African consumers. This is according to Neil Roets, chief executive of Debt Rescue, who said it had
The projected increase in the petrol price of around 30 cents a litre is going to peg the fuel price at an all-time high of about R14.20 a litre. CEO of Debt Rescue, Neil Roets says this is going to add to the woes of deeply indebted consumers. The steep increase in petrol and food
Johannesburg – Increased fuel prices will push already debt-ridden consumers into poverty, said Neil Roets, CEO of debt management firm in South Africa, Debt Rescue, in a statement on Thursday. The projected increase in the petrol price of around 30 cents a litre in early March is likely to push the fuel price to an
Cape Town – The projected increase in the petrol price of around 30 cents a litre is going to peg the fuel price at an all-time high of about R14.20 to the litre. This is going to add to the woes of deeply indebted consumers, warned Neil Roets, CEO of Debt Rescue on Thursday. The
