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 Anathi Madubela First-time home owners and people who bought cars are seeking help from debt counsellors. There has been a more than 30% increase in debt counselling inquiries from South Africans compared to the same period a year ago, indicating the financial stress consumers are experiencing. This is according to DebtBusters’ Q3 2022 Debt
By Neil Roets The announcement by the Department of Mineral Resources and Energy of a steep fall in the price of diesel between R1.52 and R1.57 a litre in December, is welcome news for the country. This, on the back of global oil prices plunging to their lowest levels since 2021 in November, and a
The most recent interest rate hike likely wasn’t the last, so indebted consumers must find ways to cope with the rising cost of living. BUSINESS NEWS – Cash-strapped consumers really need to know how to deal with rising interest rates, after the South African Reserve Bank again increased the repo rate with 75 basis points
By Ina Opperman Cash-strapped consumers really need to know how to deal with rising interest rates, after the South African Reserve Bank again increased the repo rate with 75 basis points and warned that this will not be the last hike, considering the inflation rate shows no sign of moving back into the bank’s inflation
By Liesl Smit Debt Rescue says the steep interest rate hike – just before the festive season – will have a devastating impact on South Africans who have had to absorb a relentless onslaught of living cost increases this year, and who now, by all accounts, are in for an even rougher ride in 2023.
By Michelle Steyn Black Friday attracts promiscuous, bargain-hunting customers, which ultimately destroys brand loyalty and throws margin down the drain. Can it be that profitability and customer loyalty are bad for business? Of course not. How, then, can Black Friday be good for business? The discount day hit South Africa’s shores in November of 2012.
By Yogashen Pillay Durban – Retailers are expecting large crowds to descend on stores this Black Friday. However, with another interest rate hike and rising inflation, experts have warned consumers to be cautious with their spending. Andrew Mills, group executive for marketing at Pick n Pay, said the retailer was expecting customers to be hunting
‘Electronic items expected to trend’ By Orrin Singh Despite the pinch on the pockets of South Africans, entertainment and power supply items are predicted to top the list of most sought after items by South Africans this Black Friday. TVs, gaming consoles, rechargeable LED lights, laptops and powerbanks for wi-fi/mobile routers are five of the
Emails, advertisements and posters in many shop windows have been reminding you of the Black Friday deals to look out for as the day approaches. But, exactly, what is Black Friday? This year’s Black Friday occurs on Friday, November 25th, drawing inspiration from America’s biggest discounted-shopping day of the year. Black Friday happens in America
Black Friday has become one of the biggest shopping days on the South African calendar and heralds the start of the festive season in the country, where consumers typically unwind and splurge a little more on gifts and entertainment. Retailers across the country line up specials and deals and throw out tons of marketing in
