In The Press


The industry’s top experts offer their best advice, research, how-to’s, and insights

The National Credit Amendment Bill, signed into law by President Cyril Ramaphosa earlier this week, is not a mechanism to expunge debt for the over-indebted. Rather, it’s an instrument allowing the low-income market access to debt review at no cost. Once Gazetted, debt intervention will be accessible to a market that doesn’t qualify, or is… Continued

Here’s how the government bailouts of SOEs will affect consumers Durban – The bailouts from government to various state-owned enterprises (SOEs) will have a significant effect on consumers, according to Debt Rescue’s Neil Roets. The funds required from government for such bailouts are enormous. Eskom has been granted an additional bailout of R59billion, but without… Continued

Volgens ‘n onlangse peiling van Budget Insurance, sê meer as die helfte (52%) van Suid Afrikaners dat hulle wel vir ‘n noodgeval spaar terwyl net 19% vir 3 maande sal kan oorleef indien hulle sonder ‘n inkomste sal wees. Die enigste manier om die situasie te verbeter is deur werkskepping alhoewel dit nie tans lyk… Continued

Risks consumers could face because of the ANC’s internal war Already cash-strapped consumers could ultimately bear the brunt of the ANC’s internal war, cautioned chief economist at Efficient Group Dawie Roodt. This follows contradictory remarks from the ANC’s top brass on the expansion of the SA Reserve Bank’s mandate. It also comes at the same… Continued

Petrol price could hit R20 before the end of the year Although the petrol price is ‘only’ expected to rise by about 7 cents a litre in June, the general economic outlook remains bleak. This is according to Dawie Roodt, chief economist at the Efficient Group, who said that consumer debt and unemployment are set… Continued

Consumers in for a very rough ride With the expected petrol price increase of 56 cents a litre just days away, debt-stressed consumers are going to have to cut unnecessary expenses. With the expected petrol price increase of 56 cents a litre just days away, debt-stressed consumers are going to have to cut unnecessary expenses… Continued

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