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.
The recent fuel price increase in South Africa, with 93 Unleaded surging to R21.34 and 95 Unleaded climbing to R21.59, has delivered yet another crushing blow to consumers already drowning in debt. For countless households, this hike represents more than just a few extra rands at the pump — it is an added weight on
This year, the sparkle of festive cheer is being overshadowed by the harsh reality of financial strain. As household budgets buckle under the weight of rising costs, a sobering 68% of South Africans say they won’t be traveling this festive season. For 62%, sky-high fuel prices have made even a short trip an unaffordable luxury.
Neil Roets, CEO of Debt Rescue, shared financial festive season insights with The Citizen, and provided frank analyses of the results of Debt Rescue’s latest Festive Season Survey. According to The Citizen, the latest survey “… paints a disturbing picture of a nation in serious financial distress with household budgets offering little in the way
Neil Roets, CEO of Debt Rescue, warns that South Africans are under severe financial pressure as the economy shrank by 0.3% in the third quarter of 2024. While unemployment dropped slightly to 32.1%, many households are relying on credit to cover essentials like food and transport, cutting back on healthcare and insurance just to survive.
As Black Friday unfolds today, Debt Rescue’s latest survey paints a stark picture of South Africans’ financial struggles. An overwhelming 83% of respondents plan to hunt for grocery deals, prioritising basics over luxury items. Cutting Back to Keep Going Debt Rescue’s survey further found that 66% of consumers plan to participate in Black Friday despite
Neil Roets, CEO of Debt Rescue, has called on the nation’s leaders to act urgently as South Africans grapple with record-high interest rates, rising living costs, and a worsening water and drought crisis. Speaking to Business Report, he warned that these pressures will only intensify as the festive season nears. Repo Rate Cuts Not Enough
Black Friday’s discounts can be tempting, but Neil Roets, CEO of Debt Rescue, cautions South Africans to avoid overspending, especially in the current economic climate. Plan Ahead and Compare Prices He advises consumers to approach these sales with a clear plan: “Avoid impulse buying, no matter how tempting the deals may appear.” Roets also suggests
South Africans are cash-strapped before payday Neil Roets, CEO of Debt Rescue, responded to Standard Bank’s recent survey revealing that many South Africans are cash-strapped before payday. He described the findings as alarming, highlighting a broader issue of financial insecurity across all income brackets. Roets pointed out that rising inflation and historically high interest rates
Neil Roets, CEO of Debt Rescue, expresses concern that Donald Trump’s return to the US presidency could spell trouble for South Africans. His “America First” policies might tighten trade rules, threatening the benefits South Africa enjoys under the African Growth and Opportunity Act (Agoa). South Africans Are Already Under Pressure Many South Africans are already
The recent budget update reveals a challenging economic environment for South Africans, with many households struggling to stay afloat. SARS Feels the Strain as Tax Collections Drop SARS has seen a noticeable jump in requests for payment extensions, suspensions, and final notices, which shows just how much pressure South Africans are feeling financially. Many people
