How price hikes will impact debt-stressed consumers The price of Eskom electricity that increases by 14% today on top of the substantial fuel increase that kicks in at midnight are going to hit consumers like a ton of bricks. Neil Roets, CEO of Debt Rescue, said consumers have every right to feel hard-done by the… Continued
Government and Eskom debt is huge, ratings downgrade likely – Debt Rescue. Government corruption and mismanagement are to blame for the dire situation consumers face due to the fuel and electricity increase implemented this week. Experts said the electricity hike on Monday and petrol hike yesterday would hit consumers and businesses hard. They predicted that… Continued
Expect another petrol price hike in April Motorists can expect a big petrol price hike in April, due to rising global oil price, a weaker rand and the introduction of new fuel taxes. According to the latest data from the Central Energy Fund (26 March), South African motorists should anticipate a hike at the pumps… Continued
FUEL: Price increase to affect the poor most Already cash strapped consumers will have to dig deeper into their pockets as petrol, diesel and illuminating paraffin are set to increase by 74c, 91c – 93c and 76c respectively at midnight tonight. This, coupled with the carbon tax (9c a litre from June 1) and other… Continued
KICK IN: Hikes in fuel price, levies and tolls Debt Rescue is gearing up for one of the busiest periods in its history – CEO. Consumers, already up to their necks in debt, are in for another shock over the next few months. Petrol has risen 74c a litre, while diesel has spiked 91 to… Continued
More belt-tightening for consumers Already cash-strapped consumers will have to dig deeper into their pockets as petrol, diesel and illuminating paraffin are set to increase by 75c, 93c and 76c respectively at midnight. This, coupled with the carbon tax (9c a litre), which comes into effect on June 1, is expected to add another 30c… Continued
South African consumers, already up to their necks in debt, are in for another shock over the next few months. This is according to financial experts. On Wednesday, the 6 of March, petrol is set to rise by 74 cents a litre, while diesel will increase by 91 cents a litre. In addition to the… Continued
With Eskom more that R420-million in debt and municipalities owing a further R27-billion to the effectively bankrupt state-owned enterprise, deeply indebted consumers in South Africa are going to feel the pain as an increasingly distressed fiscus is trying to stop the wheels coming off. Efficient Group chief economist Dawie Roodt warned that there was a… Continued
Here’re the challenges faced by deeply indebted consumers With Eskom more than R420-million in debt and municipalities owing a further R27-billion to the effectively bankrupt state-owned enterprise, deeply indebted consumers in South Africa are going to feel the pain as an increasingly distressed fiscus is trying to stop the wheels from coming off. Efficient Group… Continued
Prescribed debt Debt expert Neil Roets answers question about prescribed debt posted on Fin24. Read the question and answer below. Question “Who do I contact to remove prescribed debt? The credit bureaus, a lawyer or the creditor themselves? Expert answer Afternoon, Thank you for affording me the opportunity to assist with your question. You’re faced… Continued
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