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.
Following the 2024 Medium Budget Policy Statement (MTBPS), Debt Rescue CEO Neil Roets expressed deep concern for South African consumers, noting that, despite the government’s focus on stability and inclusive growth, financial pressure on households remains severe. Roets pointed to global economic challenges, with growth projected at only 3.2% and rising geopolitical tensions, which could
Neil Roets brought attention to the pressing struggles faced by South Africans amid rising living costs, raising questions about whether relief will come for the millions in poverty or those increasingly dependent on credit cards for survival. He noted a staggering increase in the portion of household income directed toward debt repayments, which has surged
Eskom’s recent proposal for a 44% electricity price increase will add financial pressure on consumers across South Africa and could hinder the progress of the country’s energy market reform. Neil Roets, CEO of Debt Rescue, voiced serious concerns over Eskom’s proposed 44% electricity price hike, warning about its potential impact on consumers. He pointed out
Neil Roets, CEO of Debt Rescue, highlighted the severity of the current financial situation for consumers, describing it as both alarming and heartbreaking. Rising Economic Pressures Force Consumers to Depend on Credit “As economic pressures continue to mount, countless individuals and families are increasingly turning to credit just to secure their most basic needs—food and
Neil Roets, CEO of Debt Rescue, says that while the recent fuel price decrease is welcome, it offers little relief to struggling South Africans. “South Africans are desperate for any relief that will enable them to dig their way out of indebtedness and poverty caused by the exorbitant and continual cost of living increases that
Debt Rescue CEO, Neil Roets, expressed disappointment at the South African Reserve Bank’s recent 25 basis point interest rate cut, stating that it is too little, too late to alleviate the severe financial difficulties facing many South Africans. Relief Insufficient for South Africans in Poverty While acknowledging that any form of relief is welcome, Roets
Neil Roets paints a stark picture of how fuel price cuts won’t bring real relief to many South Africans, especially those living in poverty. He points out that while the drop in fuel prices may seem like a positive development, it barely scratches the surface for the 55% of the population trapped in poverty. The
Short-Term Relief vs. Long-Term Consequences Neil Roets, CEO of Debt Rescue, raises important concerns regarding the new two-pot retirement system, particularly focusing on the tax implications and potential long-term effects on South Africans’ retirement savings. While the system may offer short-term relief for those struggling with debt, Roets cautions that many might not fully understand
Neil Roets, CEO of Debt Rescue, is deeply worried about the upcoming 40% electricity tariff increase planned for April 1, 2025. Roets fears that this massive hike will push families into heartbreaking decisions, like having to choose between keeping the lights on or putting food on the table. The Growing Debt Crisis Roets has been
Suid-Afrikaners sink al hoe dieper weg in ‘n lewenskostekrises weens hoë rentekoerse. Lesetja Kganyago, president van die Reserwebank, het aangekondig dat verbruikers nog moeiliker maande moet verwag. Dringende Finansiële Verligting Nodig Neil Roets, uitvoerende hoof van Debt Rescue, beklemtoon die dringende behoefte aan verligting en sê dat die hoë rentekoerse Suid-Afrikaners ernstig raak. Lees die
