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.
Kaapstad – Al hoe meer hoe mense sukkel om hul skuld af te betaal te midde van onversekerde lenings wat die hoogte inskiet, het ‘n skuldbestuur-maatskappy gewaarsku. Neil Roets, uitvoerende hoof van Debt Rescue, het gesê dit is veral jonger mense wat in die warm water beland. Volgens die maatskappy het die aantal jongmense in
Cape Town – More young people face crippling debt as unsecured lending is spiralling out of control, a debt management firm warned on Tuesday. Debt Rescue CEO Neil Roets said that younger people are getting themselves into hot water. According to Debt Rescue, the number of young people in the 18 to 34 year age
The fuel price increase which became effective today will have dire consequences for deeply indebted consumers and may push many desperate people into the hands of loan sharks and micro lenders, say experts. The price of 95 octane petrol increased by 10c/litre at the coast and by 12c/litre inland. The CEO of debt counselling firm
Johannesburg – With rocketing food, fuel, electricity and other prices, more and more analysts are warning South Africans against falling into the debt trap. Automobile Association spokesperson Gary Ronald this week warned motorists that they can expect the fuel price to peak at about R13.50 to R14.00 per litre this year, with a chance of
There may be major negative unintended consequences to credit amnesty The near-certain decision by government to introduce a second “credit amnesty” after the spectacular failure of the first one in 2006-2007, will only provide temporary relief to deeply indebted consumers and drive many into even more profound indebtedness requiring debt counselling. Although the envisaged amnesty
Credit amnesty will only provide temporary relief to deeply indebted consumers. The near-certain decision by government to introduce a second “credit amnesty” after the spectacular failure of the first one in 2006-2007, will only provide temporary relief to deeply indebted consumers and drive many into even more profound indebtedness requiring debt counselling. Neil Roets, CEO
More South Africans are falling into the debt trap and last year was one of the worst for a long time with record numbers seeking protection under debt counseling. Debt Rescue CEO Neil Roets says more than double the number of deeply indebted individuals applied for relief in 2012. Roets says most consumers seeking help
No plans by the National Credit Regulator to remove home loans from debt review Any attempt to remove bonds from the debt counselling process would be against the spirit and the letter of the National Credit Act (NCA), according to Unisa Professor Michelle Kelly- Louw, who assisted with the drafting of the legislation. Claims that
Any attempt to remove bonds from the debt counselling process would be against the spirit and the letter of the National Credit Act (NCA), according to Unisa professor Michelle Kelly-Louw, who assisted with the drafting of the legislation. She says South Africans did not enjoy much in the line of protection against over indebtedness and
More South Africans are falling into the debt trap yearly and 2012 has been one of the worst, a national debt counselling firm revealed on Tuesday. Debt Rescue Chief Executive Officer Neil Roets said last year the number of deeply indebted individuals who applied for relief under the National Credit Regulator’s debt review process was
