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 Wendy Jasson Da Costa As desperate South Africans, including the upper crust, dig deeper debt holes to put food on the table, credit applications are soaring. While the borrowing has been fuelled by rising food and electricity costs, the Covid-19 pandemic also had a long-term impact on finances. Statistics from major credit bureaus show
By Mike Smollan, Chief Growth Officer Exactly how did we get to July in what feels like a blink of an eye? Pondering on that often-used analogy, I had to check in with Google. To learn that there are 1000 milliseconds in each second, so a blink of an eye takes around 1/3 of a
By Ashley Lechman According to The Department of Mineral Resources and Energy (DMRE), the international prices for petrol and diesel increased during the month, with the latter seeing sharper inflation. Photographer Ayanda Ndamane/African News Agency(ANA) The price of diesel rising by another 18 cents per litre for the month of July, will see the repercussions
Deur dr. Sandra Adendorff Die ineenstorting van ‘n aantal banke in Amerika en Europa vroeër vanjaar het méér tot gevolg gehad as bloot die grootste bankkrises sedert 2008. Hierdie ineenstroting, wat grotendeels geïnisieer is deur die mislukking van die Silicon Valley Bank (SVB), het voorts die kwesbaarheid van finansiële instellings, veral binne ‘n omgewing van
South Africa’s National Consumer Commission (NCR) says it has received a number of complaints from consumers who have been placed under debt review without their consent. The NCR has called on consumers to do their homework before agreeing to undertake debt review to ensure that they know what they are getting themselves into. Debt counsellors
By Vukosi Maluleke Consumers and businesses come to terms with recent diesel hike, which came into effect on Wednesday 5 July 2023. South Africans scrape their pockets for extra coins as another diesel hike takes effect. Diesel increased by 18 cents per litre on Wednesday, setting off alarm bells for struggling consumers as they anticipate
By Jenni Baxter We all want to help, but often we just don’t know how. Here’s an easy guide to ways you can make a difference on Nelson Mandela Day! Every year, on 18 July, South Africans have the chance to make a positive impact in their communities, by giving 67 minutes of their time
At the end of 2022 at the GIBS South African (SA) Retail Industry Conference, the consensus was that innovation, flexibility and agility would be in the driver’s seat in 2023, says Mike Smollan, chief growth officer at Smollan. Smollan adds that six months into a packed year, those three drivers remain relevant and are the
Neil Roets, the CEO of Debt Rescue, says that more South Africans are turning to credit to make it through each month as they can no longer afford to keep their lights on. A recent survey from the group, with over 1000 respondents, found that 77% said that the cost of electricity has become unaffordable,
By Ashley Lechman South Africans will no doubt breathe a sigh of relief in response to the news that, despite the rand crashing to a new record low of R19.90 against the dollar on Thursday, June 1, a dip in global oil prices cemented a cut in both petrol and diesel prices. The Department of
