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.
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 1,000 respondents, found that 77% said that the cost of electricity has become unaffordable,
Food prices, electricity costs, municipal tariffs, medical aid fees – all soar as incomes fall, crushing South Africans’ personal finances, and load shedding puts more pressure on businesses. The story of consumers being squeezed in is one we’ve heard over and over for the past two years, but South Africans may well be at a
This past week South Africans faced their worst nightmare since the start of load shedding in 2007, when the country was thrust into all-day Stage 6 load shedding that, by all accounts, will continue indefinitely – with the inevitability of moving to stage 8 hanging like a sword over citizens’ heads. This, in the same
By Jabulani Sikhakhane The worst a country in deep fiscal and economic crises can do is not get its story right, or have lots of cabinet ministers with loose lips sowing confusion. But that’s where SA is at present. A good example of this is what cabinet ministers and the president have been saying about
By Ashley Lechman May the force be with motorists come next month as early data is pointing to yet another petrol price increase. This comes as the Central Energy Fund released its snapshot of fuel prices on 10 April, that showed diesel users could possibly be in store for another price cut while petrol users
By Ashley Lechman economists and analysts fear the worse for the South African economy as the cost of living crises spirals out of control for consumers in the country. This comes after the South African Reserve Bank (SARB) Monetary Policy Committee (MPC) raised the repurchase rate by a shocking 50 basis points, which came into
By Neesa Moodley As vehicle finance loan defaults increase, one option is to downgrade your car for a more affordable one. As consumers are increasingly squeezed on all sides by rising inflation (now at a high of 7%), increasing interest rates, high fuel and food costs, the latest Eighty20/XDS Credit Stress Report (Q4 2022) shows
As vehicle finance loan defaults increase, one option is to downgrade your carto a more affordable one As consumers are increasingly squeezed on all sides by rising inflation, increasing interest rates, high fuel and food costs, the latest Eighty20/XDS Credit Stress Report (Q4 2022) shows an alarming trend: an increasing appetite for credit, with more
Deur Tania Heyns Die jongste -en besonder skerp- verhoging van die repokoers was ‘n nare verrassing vir veral die talle Suid-Afrikaners wat besig is om in skuld te verdrink – en minstens een ekonoom waarsku nog ‘n styging lê voor. Ekonome sê ‘n verhoging van 50 basispunte is veral slegte nuus vir Suid-Afrikaners wat reeds
South Africans need to get ready to tighten their belts in April, with a 13-year-high interest rate, electricity price hikes and medical aid contribution hikes heading their way. Cash-strapped consumers have faced months of financial struggle, with savings continuing to decline and more people relying on credit. Neil Roets, the CEO of Debt Rescue South
