In The Press

The industry’s top experts offer their best advice, research, how-to’s, and insights

Moody’s rating next month is widely expected to be a downgrade to junk. Consumers must avoid falling into a debt trap “like the plague” as the possible downgrade of South Africa’s credit rating by Moody’s next month could undermine the December petrol decrease and the recent Reserve Bank repo rate reduction, experts said. Efficient Group’s… Continued

The highly controversial debt relief hill has pushed hope into the arms of over-indebted low-income earners and the unemployed. Nevertheless, consumers shouldn’t celebrate too soon. The bill may cause severe consequences for the working class…  South African’s have been struggling for a while to keep their heads above water. With rising unemployment rates, the continuous… Continued

“Skuld moet dringend verminder.”  Dit is Neil Roets, uitvoerende hoof van Debt Rescue, se ernstige waarskuwing aan Suid-Afrikaners nadat die kredietgraderingsagentskap Moody’s Investors Service Vrydag (01/11) besluit het om Suid-Afrika nog een heel laaste kans to gee as ‘n land op beleggingsgraad.  Roets se verbruikers met skuld kan dalk saam met die land oor die… Continued

Volgens Debt Rescue moet verbruikers die volgende wenke wat werk gebruik om slaggate vermy:  Nie beplan vir die toekoms nie.  Een van die grootste foute wat verbruikers maak, is om nie te beplan nie. Jy moet ’n begrotingsplan opstel. Dit sal jou help om ’n prentjie te skets oor waar jy moet sny en hoeveel… Continued

Fiscal deficit: Mboweni may increase taxes Danger of consumers using fuel price decrease as an excuse to start spending. he recent fuel price drop that was favoured by the good performance against the US dollar could be undermined by a tax increase, come from Finance Minister Tito  Mboweni’s mid-term budget, and the possibility that ratings… Continued

Cash-strapped consumers will have to fork out even more money as the price of petrol is set to rise by 18 cents a litre this week. The Department of Mineral Resources and Energy announced the price changes on Sunday, stating that the price of 95 (ULP and LRP) will rise by 18 cents a litre… Continued

Hope for the hopeless A new law could see millions of people’s debt in South Africa wiped out – but it’s controversial She rises before the crack of dawn. Travelling long distances from her home in the suburb of Kraaifontein to her jobs in central Cape Town and other parts of the Mother City. Noloyiso… Continued

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