IOL Properties

The industry’s top experts offer their best advice, research, how-to’s, and insights

Here’re the challenges faced by deeply indebted consumers With Eskom more than R420-million in debt and municipalities owing a further R27-billion to the effectively bankrupt state-owned enterprise, deeply indebted consumers in South Africa are going to feel the pain as an increasingly distressed fiscus is trying to stop the wheels from coming off. Efficient Group… Continued

Prescribed debt Debt expert Neil Roets answers question about prescribed debt posted on Fin24. Read the question and answer below. Question “Who do I contact to remove prescribed debt? The credit bureaus, a lawyer or the creditor? Expert answer Afternoon, Thank you for allowing me to assist with your question. You’re faced with quite a… Continued

Hanlie Stadler – Selfs al daal die petrolprys vandag met ’n stewige R1,23 per liter (en diesel met R1,55), gaan 2019 allermins ’n maklike jaar vir verbruikers wees. Stygende kospryse en algemene inflasie, stygende werkloosheid en bes moontlik ook ’n styging in die rentekoers sal die druk op verbruikers volhou. Heelparty uitgawes word ook in… Continued

Suid-Afrika het meer as 25 miljoen krediet-aktiewe verbruikers en die totale aantal uitstaande skuld van verbruikers is ongeveer R1,8 miljard. Dit is volgens statistiek van die skuldberadingsmaatskappy Debt Rescue. Neil Roets, Debt Rescue se bestuurshoof, sê die groei in krediet is kommerwekkend omdat al hoe meer Suid-Afrikaners in ʼn skuldstrik vasgevang word. Hy wys daarop dat… Continued

Another fuel price drop may only be a temporary reprieve. The country may start the new year positively with a fuel price decrease scheduled for tomorrow, but a tough year is awaiting South Africans, with a series of price hikes that may send the economy into a tailspin. Investors will not jump to invest after… Continued

Consumers can buy basic school uniform for under R100. This includes a shirt, shorts/skirt, a pair of socks and a pair of shoes at selected stores. Photo: Motshwari Mofokeng/African News Agency (ANA). JOHANNESBURG – One of South Africa’s leading retailers, Shoprite, is easing the burden of rising education costs by offering its customers a basic… Continued

Over-indebted consumers struggling to make ends meet Overspending over Black Friday, Cyber Monday and the Christmas holidays will have “severely negative consequences” for over-indebted consumers, a debt counselling expert has said. Acknowledging the brief relief brought from the decrease in fuel prices in December and now January, CEO of Debt Rescue Neil Roets also pointed… Continued

Dawie Roodt, chief economist at the Efficient Group, believes that there is little reason to be optimistic now that South Africa is no longer in a technical recession. Statistics South Africa revealed on Tuesday (4 November) that the country’s economy expanded by 2.2% in the third quarter – effectively ending the country’s negative growth trajectory.… Continued

Consumers warned to spend wisely in wake of fuel price drop Stats SA on Tuesday announced a 2.2% increase in the third quarter Gross Domestic Product. JOHANNESBURG- As South Africans welcome the news of a growing economy and a lower petrol price, consumers are being warned against using money they don’t have. Stats SA on Tuesday… Continued

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