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.
Consumers are at heightened risk of falling even deeper into debt because of the latest electricity tariff hike by Eskom. As of the 1st of April, the National Energy Regulator of South Africa (Nersa) granted the power utility a 12% increase for Eskom direct users. Eskom had initially applied for a 32% tariff increase for
Verlaging kom dalk eers later Hanlie Stadler Eers het ekonome verwag dat die rentekoers in Maart vanjaar verlaag gaan word, toe in Mei, toe in Julie. Na die Reserwebank se besluit gister om die rentekoers onveranderd te hou, begin twyfel insluip of mense met skuld vanjaar nog verligting gaan kry. Hoewel die Reserwebank sélf steeds
In die hedendaagse Suid-Afrika, te midde van stygende lewenskostes, hoë inflasie en rentekoerse wat deur die dak skiet, kan die hantering van persoonlike finansies voel soos ‘n balanstoertjie op ‘n hoë koord sonder ‘n veiligheidsnet. Die realiteit van die ekonomiese omgewing plaas ongekende druk op huishoudings en individue, wat dikwels sukkel om die eindpunte bymekaar
Story by Ashley Lechman South African Reserve Bank (SARB) Governor Lesetja Kganyago affirmed this past week that the repo rate will hold steady at 8.25%, in line with predictions by analysts and economists across the country, based on inflation for February coming in higher than anticipated. This dispelled hopes that the SARB will consider cutting
By Neesa Moodley With the news that the repo rate will remain at 8.25% until May, based on inflation for February 2024 coming in higher than anticipated — hopes of a rate cut any time soon are rapidly dwindling. South African Reserve Bank (Sarb) governor Lesetja Kganyago has made it clear that the bank won’t change policy until
Eers het ekonome verwag dat die rentekoers in Maart verlaag gaan word, toe in Mei, toe in Julie. Ná die Reserwebank se besluit Woensdag om die rentekoers onveranderd te hou, begin twyfel insluip of mense met skuld reeds vanjaar verligting gaan kry. Hoewel die Reserwebank sélf steeds voorsien dat die rentekoers in 2024 verlaag gaan
By Ina Opperman The Reserve Bank again unanimously decided to keep the repo rate unchanged at 8.25% during its March meeting for the fifth time. Although inflation expectations are delaying a cut in the repo rate, economists are positive that interest rates will be cut later this year. Jacques Nel, head of Africa Macro at
By Kabelo Khumalo Leading appliance manufacturer Defy has launched a fridge and freezer that are designed to function completely off-grid, aiding consumers to mitigate the effects of loadeshedding. A study by Debt Rescue in 2022 showed that 93% of South Africans have had to throw away refrigerated food which was spoilt during load-shedding and 38%
Everyone wants a basic income grant, but who will pay for it seeing that the country’s 7.1 million taxpayers are already stretched so far? We keep hearing promises from the president and minister of finance that a basic income grant is coming although many experts and studies have indicated that the country can simply not
By: Tasneem Bulbulia South Africa’s food security is in the spotlight, with current weather conditions posing enough of a threat to farmers to cause a potential yield loss of their crops, following the heatwaves and sparse rainfall in February. Moreover, the recently announced petrol price increase also poses financial challenges for farmers and could considerably
