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.
The real impact of rising fuel costs on South Africans has been a hidden crisis, with more than half of South Africans facing severe financial strain due to rising diesel and fuel costs. Energy& Utilities The latest Debt Rescue consumer survey has revealed that South African consumers are on the brink of a financial crisis.
Neil Roets, CEO of Debt Rescue, said that the latest fuel price changes highlight the growing strain on consumers who have little room left in their budgets to absorb additional costs. “For many South Africans, the June fuel price adjustment feels like taking one step forward and two steps back,” said Roets. “What makes this
South African consumers are facing renewed financial pressure following the latest fuel price adjustments, even as economists anticipate stronger than expected economic growth for the first quarter of 2026. While diesel users will benefit from substantial price cuts this month, motorists filling up with petrol will pay more at the pumps, adding another burden to
Debt Rescue says many consumers have little room left in their budgets to absorb further increases. Debt review group warns of continued pressure on households Debt Rescue says while the lower diesel prices may ease business costs, consumers should not expect immediate relief in grocery and other household expenses. This comes after the South African
Recent reports from Debt Rescue paint a distressing picture of mounting pressure on South African households. According to its latest consumer report, nine out of ten households say they are under serious financial strain, with more than half facing severe pressure and uncertain how they will cope. “This signals a critical tipping point in the
South African households already battling rising food prices, fuel costs and mounting debt are expected to face even greater financial pressure following the South African Reserve Bank’s decision to increase the repo rate by 25 basis points. The latest rate hike comes as new research points to deepening financial distress across South Africa. Neil Roets,
Reserve Bank hikes repo rate on rising inflationary risks driven by oil prices Indebted South African consumers, whose spending is a key driver of economic growth, will have to tighten their belts after the Reserve Bank raised interest rates, citing intensified inflation risks stemming from higher oil prices linked to the Middle East war. Concerns
Affordability regulations, responsible lending practices, and early intervention in financially distressed accounts are set to become key enforcement priorities for the National Credit Regulator (NCR) as pressure mounts on consumers in a volatile economic environment. Pressure building inside household budgets The discussion repeatedly returned to growing pressure on household finances, particularly as consumers stretch repayment
Debt counselling groups warned that the sudden inflation spike could have severe consequences for consumers already battling high living costs, expensive credit, and stagnant income growth. Neil Roets, CEO of Debt Rescue, said the rapid increase in inflation was particularly concerning because it was being fuelled by factors largely beyond consumers’ control. “We are extremely
Neil Roets, CEO of Debt Rescue said that the buying power of consumers is being eroded by continual price increases that are outpacing the average inflation rate. He added that the recent CPI showed how specific, essential household cost drivers showed significant upward movement, contributing to another rise in the cost of living, to 3.1%
