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.
Motorists can expect yet another increase in fuel prices. The price of all grades of petrol and diesel will go up next Wednesday with petrol increasing by 32 cents a litre and diesel will go up by 33 cents. Paraffin users will pay an extra 32 cents a litre. Government says the renewed unrest in
The number of young people in the 18 to 25 year age group who have become over indebted has grown significantly over the past year with more than 50% of these consumers battling to pay their debt. This is according to Debt Rescue, who have released a press release warning against the scourge of reckless
Consumers will bear the brunt of Wednesday’s fuel price hike and can expect a respite only next year, say economists. The price of petrol will increase by 32c a litre to R13.18 for unleaded at the coast, and diesel will go up by 33c to about R13.28. It will be the fifth fuel increase this
At R13.23 a litre for unleaded petrol, South Africans are paying R221 in taxes to fill up a 60-litre tank. According to financial services specialist Direct Axis the current petrol price has placed South Africa among the 60 most-expensive countries for petrol in the world – in position 41. Motorists pay R3.69 tax within the
SOUTH Africans living for years beyond their means on debt now owe R1.45-trillion in the form of mortgages, vehicle finance, credit cards, store cards, personal and short-term loans. Unsecured loans, taken out by people who don’t often qualify for credit and which must be repaid at heavy interest rates of up to 45%, grew sharply
JOHANNESBURG – Debt counselling firm Debt Rescue expects more newly arrived middle class consumers may be pushed back into poverty by the hefty fuel price increase effective from Wednesday. The energy department has announced the petrol price is going up 32 cents a litre, while diesel will cost 33 cents more. Debt rescue CEO Neil
Cape Town – The soaring price of petrol has left long-suffering motorists reeling and August will be no different with another hike in the offing. It is expected that fuel will rise by between 20 and 30 cents a litre on August 7. Economist Dawie Roodt told Fin24 that the stronger rand is curbing a
Johannesburg – The number of young South Africans between 18 and 25 years old who have become over-indebted has grown significantly over the past year, according to a study by Unisa and a student marketing company. These over-indebted young people are part of the ranks of the more than 50% South African consumers battling to
CAPE TOWN – A national debt counselling company said more young people were seeking help for debt-related issues. A recent survey revealed that 18 to 25-year-olds, especially students, are being given credit cards by merely furnishing proof that they receive a steady income of R200 per month. According to the study, student debt has more
Kaapstad. – Suid-Afrika se jong volwassenes (tussen 18 en 25 jaar oud) – veral studente – is in ’n “aaklige” posisie en het skuld wat hulle nie kan betaal nie. Só sê Neil Roets, prokureur en uitvoerende hoof van die skuldberadingsmaatskappy Debt Rescue, in reaksie op ’n studie van Unisa en die studentebemarkingsorganisasie Student Village
