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.
According to new findings from Debt Rescue’s national consumer survey, South Africans are struggling to save — not because they don’t want to, but because they simply can’t. The growing cost of living crisis, rising food and fuel prices, and pressure from monthly debt repayments are leaving households with nothing left to put aside. This
As the cost of living in South Africa continues to surge — with rising fuel prices, electricity hikes, and increased municipal rates — millions of households are being pushed closer to financial crisis. Neil Roets, CEO of Debt Rescue, warns that many consumers have already cut back as much as they can and are now
South Africans are still drowning in debt. A Debt Rescue survey stated that 41% of people have defaulted on their cards in the past year, and 30% have have missed payments on retail accounts. Two-thirds of South Africa’s creditworthy consumers who took part in a Debt Rescue survey stated that they cannot repay their debt
According to a survey conducted by Debt Rescue, two-thirds of South Africa’s credit-worthy consumers stated that they cannot repay their debt due to macroeconomic pressures beyond their control. CEO of Debt Rescue Neil Roets, said that disturbing insights from the survey show that 41% of people have indicated that they have defaulted on their credit
Neil Roets, CEO of Debt Rescue, says the latest petrol price drop may seem like good news, but it offers only slight and temporary relief for cash-strapped South Africans. With food prices and transport costs still sky-high, he warns that many consumers remain under severe pressure, and the small cut at the pumps is not
Neil Roets, CEO of Debt Rescue, says the recent interest rate cut by the Reserve Bank offers some relief—but it’s a drop in the ocean for consumers overwhelmed by rising costs. With fuel hikes, food inflation, and mounting debt still weighing heavily on households, Roets cautions that real change will require more than marginal adjustments.
Neil Roets, CEO of Debt Rescue, sharply criticised Budget 3.0, saying Finance Minister Enoch Godongwana failed to reassure citizens and investors about how he plans to address the fiscal deficit, manage debt, and spend responsibly without overburdening taxpayers. Roets described the measures to stimulate job creation as vague and noted a glaring lack of focus
Neil Roets, CEO of Debt Rescue, commented that while the South African Reserve Bank (SARB) may keep interest rates unchanged at this week’s Monetary Policy Committee meeting, the chances of a 25 basis point cut are increasing. With inflation dropping to 2.8%, below the SARB’s target range of 3–6%, the environment is becoming more favourable
Neil Roets, uitvoerende hoof van Debt Rescue, het onlangs met Netwerk 24 | Rapport gepraat. Hy waarsku dat om skuld in Suid-Afrika te ignoreer ernstige gevolge kan hê – selfs al emigreer jy. Jy kan op die swartlys beland, ’n Siviele vonnis kan teen jou toegestaan word, of Daar kan beslag gelê word op jou
Neil Roets, CEO of Debt Rescue, is one of the experts that shared their thoughts on the upcoming budget speech with Business Report. Roets welcomed the confirmation that VAT will remain at 15%, stating that this spared families from yet another blow. However, he expressed concern about potential increases in fuel levies and sin taxes,
