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.
Parents in South Africa are under intense financial pressure and are struggling to pay school fees – as a result, private schools are struggling to fill seats in classrooms as parents move over to more affordable public schools. South African households are struggling amid rising interest rates, heightened inflation and stagnant household incomes, and these
By Ernest Mabuza Fuel prices across the board are set to increase in February, says AA. You will have to pay more to service your home loans, vehicle finance and credit as the Reserve Bank yesterday announced another increase in the interest rate. Reserve Bank governor Lesetja Kganyago said that the repurchase rate had been
By Ina Opperman 25 Basis Point Hike: 3/2 vote split for smaller repo rate increase. 50bps was forecast and ‘some minor fine-tuning could be forthcoming’. The repo rate is increasing by only 25 basis points (bps) and not 50, due to the near-term risk of load shedding to the economy. Three members of the monetary
The latest 25 basis point increase by the Reserve Banks Monetary Policy Committee (MPC) is another blow to South Africans whose salaries are dropping while the cost-of-living is rising, experts say. The warning signs are coming from all sectors of society, but are most prevalent in industries dealing with debt, like the property market. According
The recent repo rate hike by the South African Reserve Bank (SARB) raises more alarm bells for the most credit-stressed South Africans, says consumer strategy and research company Eighty20. The group’s latest data points to Middle-Class Workers – a segment of 4.1 million adults earning typically between R8,000 and R30,000 per month – feeling the
The latest 25 basis point increase by the Reserve Banks Monetary Policy Committee (MPC) is another blow to South Africans whose salaries are dropping while the cost-of-living is rising, experts say. The warning signs are coming from all sectors of society, but are most prevalent in industries dealing with debt, like the property market. According
By Yogashen Pillay Durban – Economic experts expect another interest rate hike to be announced today. The predicted hike comes as unaudited data from the Central Energy Fund suggests there will be fuel price increases announced next week. Professor Bonke Dumisa, an independent economic analyst, said it was highly likely that the Reserve Bank would
By Yogashen Pillay Economic experts expect another interest rate hike to be announced today. The predicted hike comes as unaudited data from the Central Energy Fund suggests there will be fuel price increases announced next week. Professor Bonke Dumisa, an independent economic analyst, said it was highly likely that the Reserve Bank would increase the
By Ashley Lechman Motorists will find some joy in the second month of the year as early data from the Central Energy Fund points to a slight decrease in fuel prices. MOTORISTS will find some joy in the second month of the year as early data from the Central Energy Fund (CEF) points to a
By Ina Opperman Consumers will soon pay much more for electricity, but those who can afford it can turn to solar power for help. Eskom is sorry for load shedding but thankful for the increase, and consumers will suffer as they shoulder the burden of the first double-digit increase in years. The National Energy Regulator
