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.
Shock survey results show an increasing number of South Africans now fear retirement more than death. Here’s why. BUSINESS NEWS – South Africans fear retirement more than death, according to a new survey where 40% of participants indicated that retiring is a more terrifying prospect for them than passing on. The Debt Rescue survey, conducted
By Ina Opperman Consumers who cash out their retirement savings will never catch up and will not be able to retire at the same standard of living. The two-pot retirement system can help 70% of South African workers save for retirement as limited access to only a portion of their pension savings will allow more
For 40% of South Africans retiring is a more terrifying prospect than passing on according to the latest survey by Debt Rescue The survey, conducted among over 1900 South African consumers aged between 25 and 65 years, paints a picture of apprehension and challenges surrounding retirement amongst the country’s citizens. It also sheds light on
By Ashley Lechman The continuous increases in the price of diesel inevitably drives the cost of transport and logistics up. And, with roughly 85% of all goods moved through and around the country having a road leg at some part in the journey, there will be increases to consumers as the cost to transport goods
A good credit score is of paramount importance in South Africa’s financial landscape, playing a pivotal role in determining an individual’s access to credit, interest rates, and overall financial well-being. Banks and lending institutions heavily rely on credit scores to assess a borrower’s creditworthiness. A high credit score signifies responsible financial behaviour and a history
By Ina Opperman The hikes in the prices of fuel and electricity also pushes up the cost of everything else. South African consumers are at breaking point due to fuel and power prices, exacerbated by the return of higher stages of load shedding. They now pay more than R24 per litre for fuel on top
By Dohne Damons A stark reality has taken hold in South Africa, as a staggering 66% of its population found themselves skipping meals in the past three months due to the inability to afford three square meals a day. The dire state of affairs has been highlighted by Debt Rescue Africa, shedding light on the
By Lee Rondganger South Africans are broke. And more and more people are turning to credit cards to cover their living expenses. The latest report from the Experian Consumer Default Index (CDI) paints a concerning picture of the financial health of South African consumers, with the rising cost of living taking centre stage. And while
South Africans are struggling to keep up with their monthly expenses in the wake of a string of interest rate hikes that have seen steady and steep increases in loan instalments, leading to more people defaulting on debt repayment, especially with regard to home and vehicle financing. This is evident in the number of vehicle
South Africans drowning in a relentless wave of living cost increases are in for another tough few months with food inflation in South Africa expected to remain high until the end of the next quarter, settling at 10% by the end of 2023, according to Trading Economics global macro models and analysts. Food inflation is the main
