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 Dhivana Rajgopaul Rising inflation rates and stagnant incomes have created a situation where more consumers have turned to credit cards and personal loans to make ends meet, according to Neil Roets CEO of Debt Rescue. Consumers are under financial pressure following increases in the cost of food and petrol. Roets said: “It’s clear that
By Ashley Lechman The cauldron of debt and economic worries has just had a new ingredient added for South African consumers as March welcomed a massive fuel price hike. As load shedding continues to have a detrimental effect on the economy, South Africans entered 2023 in darkness thanks to the rolling power cuts, contended with
In addition to spiraling living costs, the country’s shocking grey listing by the Financial Action Task Force (FTAT), and the inevitability of Stage 8 load shedding, motorists will now have to fork out even more of their hard-earned money to accommodate another steep petrol price hike. With half of the population now living below the
By Siphelele Dludla The unrelenting high cost of living, which has been exacerbated by the latest fuel price hike is pushing the country further towards the precipice of social unrest similar to that seen during the July 2021 riots. This is the warning issued by Efficient Group’s chief economist Dawie Roodt who, yesterday said the
By Ina Opperman Economists were mostly happy with the 2023 Budget, but are worried about grey listing and the public sector wage bill. Minister of Finance Enoch Godongwana delivered a solid and balanced budget on Wednesday andeconomists believe that the markets will react positively to the fiscal discipline it contained. It wasas good as we
Minister of Finance Enoch Godongwana has managed to tread the fine line with his 2023 Budget Speech, delivering on a business-friendly Budget that provides relief and paves the way for economic recovery, amid an even more challenging economic and socio-economic environment than previous iterations. His macro-economic aggregates are very much in line with what other
By Ina Opperman SOS: Nation can no longer hang in there in the dark, with high interest rates – CEO South Africans do not benefit at all from the global fall in food prices. There are things that consumers who battle to make ends meet want to hear from the president when he delivers the
By Ina Opperman What do cash-strapped consumes who are battling to make ends meet want to hear from the president when he delivers his State of the Nation Address? Not more promises and deadlines, that we know. In an open letter to the president, Neil Roets, CEO of DebtRescue, starts with a simple question: Where
In the middle of January, South Africans had something to cheer about, despite dealing with load shedding and an interest rate hike, as mid-month data pointed to a decrease in fuel prices. Things changed quickly towards the end of the month as the Department of Mineral Resources and Energy sent shockwaves across the country. The
By Ina Opperman Repo Rate: Repayment on R1M bond taken in 2021 increases by more than R2400/month Electricity, food, fuel put consumers under more pressure. Punch-drunk consumers are wondering when the current cycle of repo rate increases will stop after it was increased by another 25 basis points last week. The South African Reserve Bank’s
