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.
Limited Comfort from Petrol Price Cut According to Neil Roets, CEO of Debt Rescue, South Africans can be forgiven for not jumping for joy at the news of a humble petrol price cut. Roets stated, “The reality is that it is cold comfort for motorists and commuters who have been hit very hard with four
Neil Roets, CEO of Debt Rescue, commented on the recent inflation data, indicating that while the slight cooling in inflation is positive, it is unlikely to prompt the South African Reserve Bank (SARB) to cut interest rates in the near future. SARB’s Focus on Sustainable Inflation Control Roets explained, “The SARB’s focus is on ensuring
Neil Roets, CEO of Debt Rescue, highlighted the dire situation for South African consumers as the repo rate holds steady at 8.25%, providing no immediate relief. The South African Reserve Bank’s recent review indicates that interest rate cuts are not expected until the end of the year, further straining consumers already burdened by high inflation
Overview of Debt Counselling Surge Neil Roets, CEO of Debt Rescue, reported a significant surge in debt counselling enquiries. He highlighted this trend as indicative of troubling financial behaviours among South Africans. According to Roets, this uptick is driven by the dual pressures of high inflation and interest rates, coupled with stagnant incomes, which together
The Economic Challenge of Rising Petrol Prices Neil Roets, Chief Executive of Debt Rescue, has expressed serious concerns about the consecutive increases in petrol prices and their ripple effects on South African consumers. According to Roets, these hikes are not just a matter of higher transportation costs; they represent a significant economic challenge that could
As South Africa prepares to implement the two-pot retirement system in September, millions anticipate the opportunity to access their retirement savings early. In February, the South African Parliament approved the Pension Laws Amendment Bill, which, pending President Cyril Ramaphosa’s signature, will be enacted from September 1. The legislation allows employees facing financial hardships to withdraw
South Africa faces a critical juncture in its food security as adverse weather conditions and a recent petrol price hike threaten agricultural production. The Agricultural Business Chamber of South Africa highlights suboptimal moisture levels during the pollination stages of key summer grains like maize, sunflower seed, and soybeans, potentially leading to decreased yields. Debt Rescue
Written by Mervyn Naidoo Durban — Finance gurus have sounded the alarm bells, warning consumers not to throw pennies at “pigs”. Instead, they should keep their “eyes wide-open” and take every caution before committing to investments, especially ones promising lucrative returns. This after the National Prosecuting Authority’s (NPA’s) Asset Forfeiture Unit (AFU) secured a court
Story by Ashley Lechman As we enter the second quarter of 2024 consumers in South Africa are still looking for different ways to make their rands stretch further every month. This comes as the fuel price continues to increase, worsening the cost of living crisis in the country. April now brings higher fuel costs for
By Ashley Lechman The diesel price is set to decrease, which is welcome news for the economy. While the South African Reserve Bank kept interest rates on hold last week, this week consumers will suffer another blow as petrol prices are set to rise for April. The Department of Mineral Resources and Energy (DMRE) announced
