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.
John Perlman spoke to the chief business development manager at Debt Rescue, Annaline van der Poel, about how South Africans can cope with the rising cost of living. Many South Africans are incurring debt from just buying the bare necessities. Van der Poel suggests revisiting budgets regularly can help with some of the strain. According
Dhersan Chetty, equity analyst at Foord Asset Management says rising food inflation and rising interest rates are headwinds for both consumers and food manufacturers in South Africa. The net effect of rising food, transport and borrowing costs is the reduction of discretionary — or non-essential — spending by consumers, the analyst said. Higher inflation disproportionately
BUSINESS NEWS – A new survey shows that an astonishing 81% of South Africans are cutting down on daily meals due to high food prices as they cannot afford three square meals per day anymore, while 41% say their monthly grocery budget can no longer feed their families. Rampant inflation is hitting South Africans where
The reduction in diesel prices for South African motorists was not as significant as the petrol price, with analysts raising ‘red flags’ about a possible diesel price hike in the coming months. On Monday (5 September), the Department of Energy published the latest fuel price update for September with a price drop between 46 and
Many consumers are finding it hard to afford enough food to eat nutritious meals as food prices and inflation keep climbing. A new survey shows that an astonishing 81% of South Africans are cutting down on daily meals due to high food prices as they cannot afford three square meals per day anymore, while 41%
A survey conducted by Debt Rescue shows that as many as 81% of respondents are cutting down on daily meals because they can no longer afford them, while 41% say that their monthly grocery budget can no longer feed their families. “The price of basic foodstuffs has risen astronomically over the past year. Accelerating inflation
Cabinet is holding a lekgotla to discuss the way forward for South Africa’s economy. The minister in the presidency, Mondli Gungubele, said that the government is waiting for the release of the updated figures on South Africa’s GDP – set to be released by StatsSA on Tuesday (6 September) – but anticipates a weak quarter.
Wanneer die lewe gebeur, gebeur dit sonder om vrae te stel. Dit is presies die situasie waarin ek my bevind het toe teëspoed oor my pad begin kom het,” sê Dawn*, ’n getroude vrou van inhaar 50’s wat sake in eie hande geneem het om te begin geld verdien, “Ek het besluit om selfin te
It is well worth investing the time to understand how a credit score works amid the high cost of living, according to Neil Roets, the CEO of Debt Rescue. his as South Africans are staggering under the weight of sky-rocketing petrol, electricity and food prices, with many incurring more debt to cope with the additional
While heartily welcome, the expected fuel and paraffin price decreases forecast for September will bring scant relief to a populace buckling under electricity, interest rate and food price hikes. It’s not just those at the lower end of the income spectrum who are suffering; even middle-income earners are struggling to put food on the table.
