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, cautioned that consumers should not expect immediate financial relief. “Fuel, electricity, municipal charges, transport and food costs rarely increase in isolation. Together they create a compounding affordability problem that places sustained pressure on household cash flow,” Roets said. As the second half of 2026 begins, South Africans continue to
Consumers battling mounting financial pressure are being urged to seek professional debt counselling, with experts warning that this month’s fuel price cut is too small to offset the rising cost of food, electricity and essentials that continue to squeeze household budgets. Despite the reduction at the pumps, motorists are still paying about R6.18 more per
According to a recent study by Debt Rescue, nearly half of consumers would struggle to manage if interest rates rose further following the 25-basis-point increase in May. “Unfortunately, most people believe they can only start saving when they have no debt.”
According to a recent study by Debt Rescue, nearly half of consumers would experience severe financial pressure and struggle to manage if the Bank were to raise interest rates further after the 25-basis point increase in May.
The latest FNB/BER Consumer Confidence Index fell sharply from –7 in the first quarter to –19 in the second quarter, its weakest level since early 2025, with the Bureau for Economic Research attributing much of the deterioration to higher fuel costs and growing pressure on disposable incomes. A Debt Rescue consumer survey paints a similar
However, Neil Roets, CEO of Debt Rescue, warned that consumers should not mistake the fuel reduction for a full recovery in household finances. “Fuel prices influence far more than what motorists pay at the pumps. They filter through the entire economy, affecting transport costs, food prices, logistics, municipal service delivery and ultimately household cash flow,” Roets
The Department of Mineral and Petroleum Resources announced significant reductions in the cost of petrol and diesel from Wednesday, reflecting lower global oil prices following progress in efforts to resolve the US-Iran conflict. However, while the fuel price cuts provide welcome relief, they recover only a small portion of the significant consecutive monthly fuel hikes
Neil Roets, chief executive officer of Debt Rescue, said fuel prices influence far more than what motorists pay at the pumps. “They filter through the entire economy, affecting transport costs, food prices, logistics, municipal service delivery and ultimately household cash flow. While the July reduction is welcome, it is simply too small to offset the cumulative
The Department of Mineral and Petroleum Resources announced reductions in the cost of petrol and diesel, reflecting lower global oil prices. However, while the cuts provide welcome relief, they recover only a small portion of the consecutive monthly fuel hikes between March and June, leaving fuel prices substantially higher than they were at the start
“Regardless of the global headwinds that are causing oil prices to skyrocket, South Africans are caught between a rock and a hard place, and this spells imminent disaster for households and for the country,” said CEO of Debt Rescue, Neil Roets, in a BusinessTech article. “The reality is that the latest petrol price disaster exposes
