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 Ina Opperman SA’s food inflation rate surged to a 14-year high in March, although food prices eased globally, primarily due to the higher cost of production. Consumers are paying more for food thanks to Eskom’s electricity crisis. South Africans are drowning in a relentless wave of living cost increases and are in for another
The high fuel price is forcing consumers to downgrade their cars, as they are already drowning in a relentless wave of living cost increases. The steep Jump In the price of all petrol grades (37 cents per litre) has raised concern from all quarters. And with predictions that the cost of diesel and petrol are
Tensy internasionale oliepryse oor die volgende drie weke daal, lê ’n stewige styging in brandstofpryse in September voor. Al hoe meer motoriste koop kleiner, meer brandstofdoeltreffende motors omdat hulle nie meerhul motorpaaiement kan bekostig nie. Neil Roets, uitvoerende hoof van die skuldberadingsfirma Debt Rescue, sê hy is bekommerd dat“genadelose finansiële druk”, insluitend die jongste styging
By Ina Opperman Even consumers who earn a high income are watching how they spend their money. The latest survey by Debt Rescue reveals that not being able to put money away at the end of each month is the biggest concern weighing on the minds of South Africans, with a massive 67% of people
By Neesa Moodley The announcement of another steep jump in the price of all petrol grades (37 cents per litre), along with dire predictions that the cost of diesel and petrol is likely to rise further heading into the second half of 2023, is unwelcome news for South African drivers. Drivers of diesel vehicles are
South African drivers are downgrading their cars and keeping their vehicles for longer as higher prices and rising living costs keep households under pressure. These are two key trends that have emerged in the sector, according to Niel Roets, chief executive of Debt Rescue, as South African consumers continue to struggle to keep their finances
By Ashley Lechman South African motorists who are already drowning in a relentless wave of living cost increases will take another hard hit in August, when petrol and diesel prices will soar once again, despite warnings from economists that consumers have reached the end of their tether. The announcement by the Department of Mineral Resources
South African consumers cannot maintain their lifestyle without taking on debt and have no savings to dip into in tough economic times. Most South Africans are unable to save anymore, but it is not because they do not want to: they simply cannot afford to. Where they were a bit carefree with money a few
By Yogashen Pillay The housing market slump looks likely to continue as yet another interest rate hike is expected this week. Economists predict another increase when the SARB’s monetary policy committee meets on Thursday. THE HOUSING market slump looks likely to continue as yet another interest rate hike is expected this week. The South African
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
