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.
“Regardless of the global headwinds that are causing oil prices to skyrocket, South Africans are caught between a rock and a hard place, and this spells imminent disaster for households and for the country,” said CEO of Debt Rescue, Neil Roets, in a BusinessTech article. “The reality is that the latest petrol price disaster exposes
Relief welcomed, but pressure remains Debt Rescue CEO Neil Roets said the July fuel price cut would not rescue South Africans from soaring inflation and municipal utility bill increases. He said the decrease in fuel prices has been welcomed, but consumers continue to face mounting financial pressure. “Compared to January 2026, motorists are still paying
Neil Roets, CEO of Debt Rescue, highlights that the current economic conditions pose significant strains on consumer behaviour and business operations alike. “When consumers feel secure about their financial situation, they generally exhibit a greater willingness to spend, travel, shop, and support local businesses,” Roets noted. However, during periods of economic downturn, many households adopt
According to a recent Debt Rescue survey: When the Reserve Bank raised the benchmark repo rate to 7% in May, it cited a worsening inflation outlook, largely due to higher oil prices and the risk of drought associated with the El Niño weather pattern.
Last year’s Best of George win was a moment of immense gratitude for the entire Debt Rescue team. We were truly humbled by the support we received from the George community and thankful for the trust so many people placed in us. “To be nominated again this year is an honour, and we sincerely thank
Last year’s Best of George win was a moment of immense gratitude for the entire Debt Rescue team. We were truly humbled by the support we received from the George community and thankful for the trust so many people placed in us. To be nominated again this year is an honour, and we sincerely thank
Decline in take-home pay was another indication that South Africa’s economic recovery had lost momentum. It should be seen in conjunction with a recent Debt Rescue Survey that nearly half of South African consumers are experiencing financial pressures and will struggle to manage if the Sarb were to raise interest rates further after the 25
The debt counselling service said 48.5% of respondents did not know how they would cope with higher rates, while 32.2% indicated they would need to make cuts to their budgets. It found that 74.2% of those interviewed feel stressed, worried, anxious or overwhelmed about the prospect of further interest rate increases, while 56.8% are unprepared
A survey conducted by Debt Rescue has revealed that nearly half of its respondents said they would not be able to survive another interest rate hike, as it would significantly hurt their wallets and affect food, electricity and other basic living expenses. The survey was conducted in early June after the South African Reserve Bank
Nearly half of South African households can’t afford another interest rate hike, according to a survey conducted by a debt counselling service earlier in June. The SA Reserve Bank is widely expected to follow the May hike of 25 basis points with another increase when its Monetary Policy Committee (MPC) meets again in July. It
