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.
While the announcement by the Department of Mineral Resources and Energy of another – albeit small – cut in the petrol price will bring some relief to motorists at the pumps this month, the latest Household Affordability Index paints a grim picture for the millions of South Africans who are battling to feed their families.
The more money you are able to pay on your outstanding debt – the sooner you will become debt free. I am 63 years old, still employed full-time, and need advice on credit card debt. I have three credit cards – all maxed out to the extent I pay the instalment and have to use
Dit was so hittete of die verhoging van die rentekoers was nie net 75 basispunte nie, maar ‘n voile 100 basispunte nadat twee van die vyf lede van die moneterebeleidskomitee (MBK) van die Reserwebank ‘n verhoging van 100 basispunte wou gehad het. Dit is een meer as wat in Julie daarvoor gestem het. Drie van
Prime Interest Rate Now 9.75%: Fuelled by black-outs, pressure on rand – Debt Rescue By: Ina Opperman The Reserve Bank increased the repo rate by 75 basis points for the second time, closer to pre-pandemic levels as expected, in line with a similar increase by the US Fed. This means that the repo rate will
Despite South Africa’s petrol and diesel prices normally being closely aligned, this trend has changed in the last few months, with diesel prices now expected to rise despite projected drops in the cost of petrol. The latest data from the Central Energy Fund shows that petrol prices are on track to come down by as
The Rand’s fall to R17,75 this week is the result of US risk perceptions and a firm dollar, but load shedding will surely add to the currency’s woes as it weakens the investment case for South Africa, and further curtail growth. In addition, it could have a negative influence on the repo rate increase that
The cost of ignoring the catastrophe will be much higher than that of addressing it, writes John Steenhuisen. South Africa is in the throes of a hunger crisis that is causing terrible harm. There are varioussteps government should take to mitigate the risks, understanding that the cost of ignoring this crisis will far outweigh that
By Thys Khiba – South African and American Presidents Cyril Ramaphosa and Joe Biden are expected to discuss efforts to end the war in Ukraine in a Friday meeting at the White House. Ramaphosa has previously avoided directly condemning Russia and said that the war in Ukraine could have been avoided through United Nations-mediated negotiations rather than Western-led sanctions that hurt “bystander countries.” South Africa forms part of the 17 African countries to abstain from
Compiled by Allison Jeftha A Fin24 reader under debt review wants to sell his R1.5-million property, settle his debt, and put down a deposit for a new house, but no bank wants to consider his application. He writes: I have a home loan with Bank X. I currently have an outstanding balance on my home
