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.
South African consumers are set to face a series of price hikes in July, including electricity and fuel price increases. Major metropoles – including CapeTown, Johannesburg, and Durban – are set to introduce their municipal electricity tariffs from Friday (1 July) after energy regulator Nersa approved a 7.47% increase earlier this year. This figure constitutes
ON THE EDGE: COST OF LIVING INCREASES MAKE IT HARD TO COVER BASICS By Ina Opperman The middle class is the group most in danger of being pushed over the poverty line due to the impact of frightening cost of living increases Middle-income consumers spend up to 80% of their monthly salary within five days
By James Bradford South Africa’s middle class is the group most in danger of being pushed over the poverty line due to the impact of frightening cost of living increases. Middle-income consumers spend up to 80% of their monthly salary within five days, and an average of 30% of their income goes toward unsecured credit
First National Bank (FNB) recently revealed that middle-income consumers were spending up to 80% of their monthly salary within five days of being paid. In addition, salaried middle-income consumers with credit spend, on average, 30% of their income on unsecured credit and 35% on secured credit. CEO of Debt Rescue Neil Roets says that their
By: Val van der Walt While there’s no doubt motorists welcome the government’s decision to extend fuel relief in the form of a reduced General Fuel Levy (GFL) in June and July, these massive increases are still going to hurt consumers and the economy, according to leading economists Neil Roets and Dawie Roodt. Poverty Debt
By Steve Tillman The rising cost of living, record petrol price increases and higher interest rates all point to middle-class South Africans having less disposable income in the coming months, says FNB. Commenting on its latest price changes, released on Wednesday, the bank noted that the rising cost of living played a key part in
By Hanlie Stadler Net mooi niemand is tevrede met die tesourie se besluit om nog twee maande lank ’n laer brandstofheffing vol te hou nie.Aan die een kant word die ingryping as ’n onbenullige “byvertoning” beskou om die aandagvan die steeds enorme styging in brandstofpryse af te trek. Aan die ander kant word dit as
If the government chooses to end the levy it will be a travesty for people who are reliant on their government for support By Neil Roets Over the past 12 years the price of a litre of fuel has more than doubled, from R10.43 for 93 octane petrol at the time. Now, in what must
A Fin24 reader who was granted a credit card and an overdraft facility a few years ago while earning a good income is now unable to pay toward settling his debt due to unemployment. He wants to know what will happen next. He writes: I am a 75-year-old male who stays with my daughter and
By Yogashen Pillay DURBAN – DEBT Rescue SA and economists warn the latest interest rate hike by the South African Reserve Bank (Sarb) will put more strain on the already struggling South African consumer. Last week, Sarb governor Lesetja Kganyago announced the repo rate would be increased by 50 basis points to 4.75%. Neil Roets,
