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.
Neil Roets, CEO of Debt Rescue, also expressed concern about the impact of the MTBPS on households. “Behind every line item and deficit figure are real people, families who are already stretched to the limit by high prices, stagnant wages and mounting debt repayments,” he said. Roets warned that even small policy shifts, such as
Neil Roets, the chief executive of Debt Rescue, has warned that consumers must tread carefully during the Black Friday period to avoid falling into debt traps. “Black Friday has the potential to lure already struggling South Africans into deeper financial stress,” Roets said. “My Debt Rescue, we understand that consumers are facing enormous pressure with
This decline in price has been driven by steadily weakening international oil prices over the past month, despite fresh sanctions on Russia’s two largest oil companies and a wave of renewed tension between the US and China, Neil Roets, CEO of Debt Rescue, says. “Sadly, this relief is simply not enough of a boost for
At the beginning of the year, the price of 95 Unleaded petrol was recorded at R20.80, with a peak reaching R21.62 in February. Since then, however, there has been a gradual decline, allowing consumers to enjoy some relief around fuel expenditures. With many consumers feeling the strain of increased living expenses, these price cuts provide
Financial experts are cautioning South Africans to think carefully before joining the Black Friday rush on November 28, warning that impulsive, credit-fuelled shopping could leave households battling long-term debt well into 2026. Economists and debt counsellors say while seasonal discounts can offer much-needed relief amid rising living costs, many consumers rely on credit to fund
South Africa’s removal from the Financial Action Task Force greylist in October 2025 was widely welcomed as a key milestone for the country’s financial system and international reputation. However, for households already drowning in debt, the path to financial recovery remained uncertain. The FATF confirmed that South Africa had addressed all 22 action items required
According to Neil Roets, CEO of Debt Rescue, the greylist period has significantly increased the cost of living of borrowing costs for consumers and this will take time before the benefits of the latest developments reach households. Although the country’s improved standing may boost investor confidence and strengthen the financial sector over the long term,
In a move that has sparked concern among consumers, Eskom has announced an average electricity tariff increase of approximately 12%, set to take effect on 1 November 2025. The news comes alongside the power utility’s rollout of mandatory smart meter installations in homes across South Africa, a step that aims to enhance grid management and
Neil Roets, the founder and CEO of Debt Rescue, said that while the rate cuts were welcome. many consumers are still under severe financial strain. “While this 125 basis point reduction has provided some relief on paper, the reality is that most South Africans are not feeling any meaningful improvement in their financial situation. “The
Written By: Ashley Lechman AS THE festive season approaches, South Africans are grappling with an ever-in-creasing strain on their finances, exacerbated by soaring living costs and high interest rates. Neil Roets, CEO of Debt Rescue, expressed grave concern about the ongoing financial struggles faced by households across the nation. “With inflation remaining stubbornly high, the
