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, said the latest increase comes after petrolprices climbed sharply from around R20 a liter in March. In March, filling a45-liter tank cost R913.50. At R30.08 a liter, the same tank would now cost R1 353.60. Roets said thismeans the cost of filing a tank has increased substantially in just
Debt Rescue DEO Neil Roets said the cumulative impact of higher interestrates and rising living costs was particularly concerning for householdsalready under financial strain. “The expected October petrol and diesel price increases will impacttransport, distribution and food prices and worsen inflationary pressures.The accumulated impact will place already financially stretched SouthAfrican households under even greater pressure,”
Debt Rescue CEO Neil Roets said the latest increase was another significantblow for households already under severe financial pressure. “We at Debt Rescue are particularly concerned about the cumulativeimpact on consumers, because this increase comes at a time whenhousehold budgets are already being squeezed by elevated transport,housing, utilities and other essential living costs, “Roets said.
Debt Rescue’s Annaline van der Poel discusses how rising fuel prices andinflation are stretching household budgets, leaving families little time toadjust. As living costs increase, households face growing challenges incovering groceries, electricity, healthcare and insurance, while managingdebt repayments and maintaining savings. Listen to the full interview here.
In this news clip, Annaline van der Poel explains that rapid fuel priceincreases have left families with little time to adjust their budgets. Filling a45-litre tank now costs more than R1,350, compared with just over R900 inMarch, placing further pressure on household finances. Listen to the full interview here.
According to Neil Roets, CEO of Debt Rescue, 95 unleaded petrol has risenfrom around R20 a liter in March to more than R30 a liter. A 45-liter tank that cost just over R900 in March now costs more thanR1,350, representing a substantial increase for households that rely onprivate vehicles for everyday travel. “We at Debt
Neil Roets, CEO of Debt Rescue and a consumer debt specialist, said the speed of the increases was making it increasingly difficult for households to adjust their budgets. “It is just not possible for family budgets to absorb repeated large increases such as these over such a short period of time. For many already financially
Debt Rescue’s Annaline van der Poel said families have had very little timeto adjust their budgets to the rapid increases. “A 45-litre tank that cost just over R900 in March now costs more thanR1,350. For many South Africans, fuel and transport are expenses theysimply cannot avoid. The problem is that every additional rand spentgetting to
Neil Roets, CEO of Debt Rescue, said this reflected a broader change in howhouseholds are managing their money. “At Debt Rescue, we see this as part of a broader change in householdmoney management: shoppers are paying much closer attention to whatthey are buying, what they actually need and whether the price they arepaying can be
Debt Rescue CEO Neil Roets said the cumulative impact of higher interestrates and rising living costs was particularly concerning for householdsalready under financial strain. “The expected October petrol and diesel price increases will impacttransport, distribution, and food prices and worsen inflationary pressures.The accumulated impact will place already financially stretched SouthAfrican households under even greater pressure,”
