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 Wendy Jasson Da Cosia Middle-income South Africans are running out of money to feed their families and are getting deeper into debt just to afford everyday essentials. Financial services company Debt Rescue said people who earn between R20 000 and R25 000 are relying on credit cards, store cards, overdrafts and loans to buy
Durban – Middle-income South Africans are running out of money to feed their families and are getting deeper into debt just to afford everyday essentials. Financial services company Debt Rescue said people who earn between R20 000 and R25 000 are relying on credit cards, store cards, overdrafts and loans to buy food and get them through
by William Horne Is wegholinflasie ons voorland? Ondanks verligting by die petrolpomp vandeesweek, is stygende lewenskoste besig om miljoene tot armoede te dryf. Neil Roets, uitvoerende hoof van Debt Rescue, sê in ‘n verklaring ‘n ramp is op pad en verbruikers moenie op hul louere rus oor die klein daling in die petrolprys dié week
South Africans may be breathing a collective sigh of relief at the news of some respite at the petrol pumps from Wednesday onwards, but the reality is that this is simply a drop in the ocean of soaring living costs that have pushed consumers to the brink of despair. While the announcement by the Minister
The Automobile Association (AA) says the outlook for petrol prices in South Africa is positive, with the potential for another price drop in September – if current conditions persist. Petrol prices will be coming down by R1.32 per litre on Wednesday (3 August), with diesel prices dropping slightly less by between 88 and 91 cents
The latest Momentum-Unisa Consumer Financial Vulnerability Index (CFVI) showed that the state of consumer finances in South Africa deteriorated in the second quarter of 2022, dipping back into a very exposed state. According to Johan Van Tonder, economist for financial wellness at Momentum, this prominent decline can be attributed to steep rises in the prices
A good rule of thumb is never to talk to a debt collector on the phone; communicate only in writing.One would think the banks would know what debts they are legally entitled to claim, and those they are not. But apparently many of them are still collecting on debts they are not legally entitled to
Written by: Yogashen Pillay, Experts have urged consumers to prioritise paying off their debt and avoid spending on luxuries as living costs continue to rise. This comes after the latest interest rate hike of 75 basis points by the South African Reserve Bank’s Monetary Policy Committee (MPC) last Thursday. The interest rate hike is the
OPINION: Debt Rescue has seen a sharp surge in the number of South Africans seeking debt relief. My advice to those who are in a debt trap is to remember that you are not alone, writes Neil Roets. The announcement by the South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) of the steepest repo
Written by Ashley Lechman Following the South African Reserve Bank hiking the repo rate by 75 basis points yesterday, many of the country’s financial market gurus are fearing the worst. The Sarb’s Monetary Policy Committee (MPC) increased its benchmark interest rates for a fifth time in a row, this time by 75 basis points to
