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 – While South Africans will be counting down the hours to celebrate the New Year, many will also have to fork out more for petrol. Efficient Group economist Dawie Roodt told Fin24 that he expected the petrol price to increase by between 30c and 49c a litre (c/l) in January. This is largely
Cape Town – The petrol increase is the final nail in the coffin for consumers following the activation of e-tolls and a warning of a possible taxi fare hike, according to experts. The price of both grades of petrol increased by 17 cents a litre (c/l) and diesel by 10.12 c/l at midnight on Tuesday
Johannesburg – It is very important for banks, and especially banks who operated in the unsecured lending space, to educate users of their financial products in order to mitigate the escalating debt crisis. Speaking at the FinScope South Africa 2013 presentation in Johannesburg, Neil Roets, CEO of Debt Rescue said it was clearly evident from
JOHANNESBURG – Economists say South African households are still battling and the drop in the petrol price will bring little relief. The Department of Energy announced on Friday that the petrol price will go down by 28 cents a litre from Wednesday while the price of diesel will drop between 15 cents and 17 cents
Cape Town – Four key reports have found that South Africa’s consumers are in for a rough ride, which is going to translate into more consumers falling ever deeper into the debt trap. Neil Roets, CEO of debt counselling firm Debt Rescue, said reports by the International Monetary Fund (IMF), the World Bank, the South
Four key reports have found that South Africa’s consumers are in for a rough ride which is going to translate into more consumers falling ever deeper into the debt trap. Neil Roets, CEO of one of South Africa’s largest debt counselling firms, Debt Rescue, said the reports by the International Monetary Fund (IMF), the World
Consumer impaired records not improving on the back of rising living costs and debt THE National Credit Regulator (NCR) is concerned over the credit health of South African consumers, given the continued rise in a number of impaired records on the back of rising living costs and debt, which have squeezed disposable income. This resonated
JOHANNESBURG – Analysts have expressed caution at the consequences of the imminent implementation of e-tolling would have on South Africans. The system is predicted to have a greater than expected effect on deeply indebted consumers and would force many middle class South Africans back into poverty, say analysts. A statement released by South Africa’s largest
JOHANNESBURG – Concerns have been raised that the imminent implementation of e-tolling could see a spike in the number of South Africans seeking debt counselling and could push middle class families into poverty. President Jacob Zuma has now signed into law a bill which frees up the South African National Roads Agency Limited (Sanral) to
The implementation of e-tolling will have a greater than expected effect on deeply indebted consumers – and is going to force many middle class South Africans back into poverty. This is according to Neil Roets, CEO of debt counseling firm, Debt Rescue, who adds that low income groups are bearing the brunt of the slowdown
