In The Press

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.

Times Live

Petrol tax burning us up

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 R13.23-a-litre price of petrol. The price of petrol is cheapest in Venezuela at 11c a litre. It is most expensive

1 minute, 58 seconds
Sowetan

Double whammy for consumers on the cards

The threat by the government to raise taxes because of what Deputy Finance Minister Nhlanhla Nene called “revenue coming in below expectations” coupled with the expected 61 cents a litre increase in the petrol price on August 7 is going to have a devastating impact on consumers. Nene issued the warning on Thursday. “Things are

2 minutes, 44 seconds

Consumers face double whammy

Johannesburg – The threat by the government to raise taxes because of what deputy Finance Minister Nhlanhla Nene called “revenue coming in below expectations” coupled with the expected 61c a litre increase in the petrol price on August 7 is going to have a devastating impact on consumers. Nene said: “Things are not going how

6 minutes, 29 seconds
OFM

Petrol hike to increase over-indebtedness

The Department of Energy has announced a major fuel price hike which will kick in at midnight next Tuesday. All grades of petrol will increase by 84 cents a litre. Both grades of diesel will increase by 78.2 cents a litre and the price of illuminating paraffin by 75 cents a litre. Energy Department spokesperson

0 minutes, 31 seconds

Rand bites as petrol set for steep rise

Petrol prices will increase by 84 cents in July, pushing South African consumers into an even tougher financial position. While petrol prices will increase by 84 cents per litre, diesel will go up by 78 cents and illuminating paraffin rise by 75 cents. Petrol prices will increase by 84 cents in July, pushing South African

1 minute, 51 seconds
Sowetan

Petrol price consequences for over-indebted

The increase in the petrol price of 84 c a litre from next Wednesday as well as the impending introduction of tolls is going to sound the death knell for many deeply indebted consumers who are barely managing to make ends meet. CAPTION: Yalo’s cartoon. File photo Neil Roets, CEO of debt counselling firm Debt

2 minutes, 12 seconds
Times Live

SA’s petrol price to rise 6.8%

Petrol rises to 13.23 rand a litre and diesel 12.15 rand in the main Gauteng inland region. According to Neil Roets, CEO of debt counselling firm Debt Rescue, the 84c a litre increase on petrol is going to make it difficult for many deeply indebted consumers to make ends meet. “With SANRAL seeming to be

0 minutes, 36 seconds
Daily Maverick

Loan Sharking Endemic in Poor Areas

A round-up of the day’s news from around South Africa. AILING MANDELA REMAINS IN CRITICAL CONDITION Former president Nelson Mandela remains in a critical condition in hospital after being admitted more than two weeks ago with a lung infection. President Jacob Zuma’s office said doctors were doing their best to ensure the “recovery, well-being and

4 minutes, 57 seconds

Retail therapy a killer, warn experts

Cape Town – For many consumers, retail therapy seems to be just what the doctor ordered to lift their mood. But just as many go out and buy goods that they do not need and cannot afford, turning what should have been a mood enhancer into a potential debt disaster. “It’s not called retail therapy

2 minutes, 14 seconds

Credit amnesty doesn’t clear debt

Cape Town – It seems a near certainty that the government will introduce a second credit amnesty. In its recent presentation to parliament, the department of trade and industry made it clear that they were determined to proceed with the scheme. However, there are many in the financial sector who expressed great concern over the

2 minutes, 0 seconds
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