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.
For consumers facing weak job creation, rising inflation, escalating food and electricity prices and no real respite in the cost of transport, the announcement by the department of petroleum and mineral resources of an increase in the price of petrol of 2 cents and 8 cents yesterday is a slap in the face of millions
Written By: Tamasha Khanyi “For households already grappling with high food prices, steep electricity tariffs and unrelenting interest rates, even the smallest increases make a difference,” says Debt Rescue’s Annaline van der Poel. She has been reacting to this month’s fuel price adjustments. The price of petrol increased by 1 cent (93 unleaded) and 8 cents (95 unleaded) per litre
Written By: Ashley Lechman SOUTH African consumers are feeling the pinch as food prices eased only slightly in September, while petrol prices face upward pressure and the Reserve Bank kept interest rates steady. Despite small reprieves, families continue to struggle to make ends meet. The September 2025 Household Affordability Index showed that the average cost
South Africans hoping for a drop in their loan repayments will have to wait a little longer. The South African Reserve Bank’s (Sarb) Monetary Policy Committee (MPC) decided this week to keep the repurchase rate unchanged at 7%, which leaves the prime lending rate steady at 10.50%. The decision means there will be no immediate
Annaline van der Poel from Debt Rescue believes the decision not to cut interest rates is a heavy blow to struggling consumers. “ A reduction would’ve eased the burden of monthly repayments on bonds, vehicle finance, and credit cards, offering some much needed breathing space. Even though inflation has eased slightly to 3.3% essential costs
Neil Roets, CEO, Debt Rescue told Business Report that the real headline ahead of tomorrow’s CPI announcement and Thursday’s MPC decision is the unrelenting cost-of-living squeeze, and how little practical relief two small rate cuts have delivered to households. He said that any benefit has been swallowed at the supermarket till and on municipal bills
In a notable development, South Africa’s economy recorded a quarterly growth of 0.8% in the second quarter of 2023, leading to a modest annual growth of 0.6%. Neil Roets, a prominent economic analyst, has welcomed these figures, highlighting a positive shift in sectors such as manufacturing, which grew by 1.8%, and mining, which surged by
Neil Roets, CEO of Debt Rescue, has cautioned that the newly imposed 30% tariffs on South African exports to the United States will place immense pressure on already fragile sectors. “From production to packaging and distribution, these industries depend on global demand to sustain thousands of jobs,” Roets said. He warned that the manufacturing and
As of August 1, South Africa faces a major economic threat — a 30% tariff hike on exports to the United States. Neil Roets, CEO of Debt Rescue, warns that the fallout will go beyond trade figures. “Tariffs may be imposed at government level, but the real impact will be felt by ordinary people,” he
As the South African Reserve Bank prepares for its July Monetary Policy Committee (MPC) meeting, the country faces mounting economic pressure. Neil Roets, CEO of Debt Rescue, warns that the looming threat of a 30% tariff on exports to the United States — set to take effect on 1 August — could trigger a weakening
