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, CEO of Debt Rescue said that the financial picture for South African consumers is ‘incredibly bleak’. “We at Debt Rescue see first-hand the devastating toll these relentless increases take on already stretched household budgets. While the underlying drivers point to distant geopolitical conflicts such as escalating US and Iran tensions pushing global oil prices
Debt Rescue CEO Neil Roets said the cumulative impact was forcing many consumers into impossible financial decisions. “The relentless hikes in fuel, electricity, food and municipal tariffs have a cumulative impact on household budgets. Every additional rand absorbed by fuel, transport, electricity or debt repayments is a rand that is no longer available for groceries
Neil Roets, CEO of Debt Rescue, said that the financial picture for South African consumers is ‘incredibly bleak’. “We at Debt Rescue see first-hand the devastating toll these relentless increases take on already stretched household budgets. “While the underlying drivers point to distant geopolitical conflicts such as escalating US and Iran tensions pushing global oil
South Africa’s largest debt counselling company has said that the latest fuel price hike is pushing consumers deeper into debt. The comments from Debt Rescue follow an increase of R1.34 per litre in both grades of petrol on Wednesday, while diesel will increase by between R2.94 and R3.15 per litre. Debt rescue COO Annaline van
Neil Roets, CEO of Debt Rescue, said the energy affordability crisis was unfolding alongside wider economic pressures. “This crisis is unfolding against the backdrop of high unemployment, wages and salaries that are not keeping up with inflation, escalating food and petrol costs and soaring paraffin prices, placing unbearable financial pressure on already vulnerable households,” Roets
Neil Roets, CEO of Debt Rescue, said the situation was unfolding against an increasingly difficult economic backdrop. “This crisis is unfolding against the backdrop of high unemployment, wages and salaries that are not keeping up with inflation, escalating food and petrol costs and soaring paraffin prices, placing unbearable financial pressure on already vulnerable households,” Roets
Debt is another pressure point Neil Roets, CEO of Debt Rescue, said the combination of fuel, food and municipal cost increases had contributed to a deeper consumer debt crisis. “The fact is, people are simply unable to make ends meet every month, and are using their store and credit cards to fill the gap.” “The
The unrelenting convergence of hikes in fuel, food, and municipal tariffs have transformed a temporary cost-of-living squeeze into a critical structural consumer debt crisis across South Africa, with more than half of the country’s population now spending over 40% of their take-home pay servicing debt, said Debt Rescue CEO, Neil Roets. “The fact is, people are simply unable
Consumers drowning Neil Roets, CEO of Debt Rescue, said that while the latest economic indicators suggest a glimmer of hope on the horizon, the harsh reality facing millions of South African consumers on the ground must be considered. “It is certainly welcome news that headline consumer inflation dropped to 4.3% in July 2026, and that
Neil Roets, CEO of Debt Rescue, said the rapid increase in illuminating paraffin prices was adding to an already severe financial burden on households. “The recent and rapid escalation in the price of illuminating paraffin has dealt a compounding blow to South African households, unfolding into an economic emergency that the country’s consumers simply cannot
