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.
By Philippa Larkin Despite Sanral moderating the tariff increase, the hike will deal a blow to South African motorists after a sharp spike in petrol prices earlier this month. South African motorists’ pockets will be even under more strain after the South African National Roads Agency (Sanral) at the weekend notified the public of the
By Neesa Moodley South Africa’s cost of living crisis just reached a new high with the news that motorists will be hit with yet another petrol price hike following the announcement by the Department of Mineral Resources and Energy announcing the official fuel price adjustments for February 2024, showing a jump in the price of
By Luke Fraser South African consumers are having to contend with higher fuel prices this month, which could push many over the edge. Today, 7 February, petrol prices have been hiked by 75 cents per litre, while diesel has gone up by 70 to 73 cents a litre. This has increased the inland price of
‘Virtually the entire population of this country are in deep trouble and have no idea where or how help is coming from,’ said Debt Rescue CEO Neil Roets. The number of deeply indebted consumers in South Africa over the past three months has risen sharply compared to the same period last year, The Citizen reports. Debt Rescue
South Africa’s prominent debt management company, DebtBusters, reports a 41% spike in consumers seeking debt counseling. Economic challenges, including soaring living costs, have left many individuals grappling to meet financial obligations. The rise in payday loans indicates a growing trend as consumers seek additional income sources to supplement their salaries. Factors such as high-interest rates, inflation
Al is die besluit alom verwag, was daar Donderdagmiddag tot ’n tikkie teleurstelling onder sommige kommentators dat die Reserwebank die vierde agtereenvolgende keer die rentekoers onveranderd gelaat het. Neil Roets, uitvoerende hoof van die skuldberadingsfirma Debt Rescue, sê baie verbruikers gaan nou skuld aan om skuld af te betaal, ’n “teken van ’n nasie diep
By Neil Roets The most important right consumers should demand is a stable economy where all South Africans can prosper, and a stop to the relentless cost-of-living increases that are decimating people’s lives, writes Neil Roets, the CEO of Debt Rescue. SOUTH Africans are in trouble. Deep trouble. Warning signs have been flashing since late 2022
By Ashley Lechman The cost of living for consumers continues to reman high after it was revealed this past week that the price of a basic grocery food basket had increased by 8.3% in just a year. This was according to the January 2024 Household Affordability Index and Key Data, compiled by the Pietermaritzburg Economic
By Ashley Lechman The cost of living crisis for South Africans continues to spiral after data released on Wednesday showed that the cost of a basic grocery food basket had increased by 8.3% in just a year. This was according to the January 2024 Household Affordability Index and Key Data, compiled by the Pietermaritzburg Economic
By Shaun Jacobs Around 69% of South Africans say they cannot pay their bills on time every month due to steep increases in the cost of living over the past two years. This was revealed in a survey conducted by Debt Rescue during December, with the company only expecting this to get worse as South
