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.
By Marleny Arnoldi State-owned energy utility Eskom says it appreciates the tough tariff decision made by the National Energy Regulator of South Africa (Nersa) for the 2023/24 and 2024/25 financial years, for which the utility has been granted tariff increases of 18.65% and 12.74%, respectively. The utility says it is confident the decision will positively
Energy regulator Nersa’s decision to grant power utility Eskom a near 19% price hike for electricity prices in South Africa is going to send shockwaves across the economy – and consumers and businesses are going to suffer for it. This is the warning from various sectors of society, including officials in the country’s biggest cities
The department of public enterprises, power utility Eskom, and the National Energy Regulator of South Africa (Nersa) could find themselves in court over load shedding, reported the City Press. Prominent advocate Tembeka Ngcukaitobi SC confirmed to City Press on Friday (13 January 2023) that he had the backing of major groups and individuals to take
By: Ina Opperman OUTLOOK: 2023 SET TO BRING EXHAUSTIVE COST-OF-LIVING PRESSURES No happy new year for the South African consumer. After looking forward to a year without restrictions, post-Covid, the hopes of consumers in 2022 were dashed when geopolitical issues caused global economic conditions that also affected local prices – of everything from fuel to
Deur: William Horne Te midde van ‘n “perfekte storm” wat dreig in die ekonomie, moet Suid-Afrikaners maar gewoond raak aan die “moeilike waarheid” dat 2023 nie daardie verligting gaan inhou waarop hulle hoop nie. Neil Roets, uitvoerende hoof van Debt Rescue, draai in ‘n verklaring nie doekies om oor Suid-Afrikaners se voorland nie. “Verbruikers gaan
By: Yogashen Pillay Experts and labour federation Cosatu have forecast that 2023 will be a difficult year for consumers, as the cost of living is expected to rise and interest rate hikes are also on the cards. Neil Roets, CEO of debt counselling firm Debt Rescue, said that the outlook for consumers was not looking
By: Nokukhanya Mntambo Debt Rescue CEO Neil Roets said this is caused by a combination of factors including aggressive marketing campaigns, frivolous spending, as well as making up for lost time following restrictions during the COVID-19 pandemic. JOHANNESBURG – Debt rescue CEO Neil Roets said the number of consumers applying for credit is on the
Motorists can breathe a sigh of relief this week with petrol and diesel prices seeing a substantial drop in the price from Wednesday, 4 January. However, households will remain under pressure due to high food costs, analysts warn. Petrol prices will be coming down by R2.06 per litre from midnight, while diesel will see a
Food prices in South Africa remain at elevated levels and consumers should expect higher prices going into 2023. CEO of Debt Rescue Neil Roets, says that although any financial relief is good news for South African consumers, it is small comfort to the millions of families who are heading into 2023 in a far worse
Despite a significant drop in diesel prices this week, this is unlikely to translate to lower food prices on store shelves in South Africa, says Niel Roets, CEO of Debt Rescue. The Department of Mineral Resources and Energy announced a steep drop in the price of diesel between R1.52 and R1.57 a litre for December
