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, says that while South Africans may have made it through Janu-worry, the burden of rising costs is far from over. The latest petrol price hike will only tighten the grip of debt on households, leaving many with no way out. For the most vulnerable, who are already struggling to
Neil Roets, CEO of Debt Rescue, has warned that South Africans are in a dire financial crisis, with little relief in sight. “The scenario is grim for the man on the street and has been since the Covid-19 pandemic decimated the economy five years ago. With the dawning of each new year, things get worse
Neil Roets, CEO of Debt Rescue, has cautioned that the slow pace of interest rate reductions is worsening the debt crisis for millions of South Africans. “Statistics reflect that the inflation rate remained below the midpoint of the South African Reserve Bank’s (SARB) inflation range of 3% to 6% for the fifth consecutive month in
The 25 basis point interest rate cut announced by the South African Reserve Bank (SARB) is a step in the right direction, but it falls far short of the relief needed for struggling consumers, warns Neil Roets, CEO of Debt Rescue. Speaking to Business Report, Roets explains that millions of South Africans remain trapped in
Neil Roets, CEO of Debt Rescue, stressed the importance of this week’s South African Reserve Bank (SARB) repo rate announcement, citing its impact amid global economic shifts. “While the predictions of a 25 basis point cut is welcome, the slower pace of rate reductions projected for 2025 signals ongoing challenges for South Africans. Globally, the
The rising cost of white maize has sparked serious concern, with Debt Rescue CEO Neil Roets. “Maize meal is not just a dietary staple; it is a lifeline for millions who depend on it for daily sustenance,” Roets said. With white maize prices already up 55% from last year, the projected increases are set to
The festive season, once a time of joy and connection, has been overshadowed by financial struggles for many South Africans. According to Debt Rescue’s latest Festive survey, 68% of households skipped holiday travel, while 62% blamed unaffordable fuel prices. Even cherished traditions like gift-giving were sacrificed, with 71% of respondents indicating they could not afford
Debt Rescue CEO Neil Roets has raised concerns following the latest survey results, which reveal that 64% of South Africans are entering 2025 without any savings to fall back on. “It is a matter of plugging the holes and hoping for the best for most citizens,” Roets said, describing the financial precariousness many households face
Neil Roets, CEO of Debt Rescue, has voiced deep concern over the financial challenges facing South Africans as they enter 2025. Many consumers are still burdened by the financial strains carried over from 2024, and the situation is becoming increasingly dire. There is hope that South African Reserve Bank Governor Lesetja Kganyago’s upcoming announcement on
Neil Roets, CEO of Debt Rescue, commented on the impact of global economic trends on South Africa’s monetary policy decisions, particularly in light of uncertainties surrounding US President-Elect Donald Trump’s trade policies. “While the South African Reserve Bank bases its decisions on local conditions, global influences, including Trump’s trade policies, can’t be ignored,” Roets commented.
