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.
The City of Johannesburg has announced its electricity, water and other rate increases which are set to take effect from 1 July 2022. Presenting the city’s budget speech on Wednesday (25 May), the city’s mayoral committee member for finance Julie Suddaby said lower increases were requested for the poor and to encourage investment in the
By: Hanlie Stadler Die onderverhaling op die petrolprys het vandeesweek deur R2 per liter gebreek te midde van die verswakkende rand en stygende oliepryse. Hoewel die oorsigmaand vir Junie se brandstof pryse nog tien dae duur, is daar nou die vooruitsig dat die petrolprys met meer as R3,50 per liter gaan styg en diesel met
By Neesa Moodley Factors such as rapid policy normalisation and the associated recent sharp weakening of the rand-dollar exchange rate, as well as the sustained upside risks to domestic inflation, mean that the SA Reserve Bank is likely to increase the repo rate by 50 basis points this week. Brace yourself – interest rates are definitely
Debt rescue has helped more than 30 000 over-indebted South Africans pay off their debt and they can help you too – PLUS! you will receive a Samsung Smartphone if your application is successful Have you maxed out your credit card again? Have creditors knocking down your door and blowing up your cell phone? Hand
South Africans are increasingly using credit to make it to the end of the month as price hikes begin to bite, says Debt Rescue. “After months of debilitating petrol price increases – culminating in record hikes in March and April on the back of soaring global oil prices – South African motorists are set to
By Neil Roets LOOKING back over a year of Eskom’s electricity price hikes may seem like a recurring bad dream, but the reality is that keeping the power on has become nothing short of a nightmare for the average South African. Now, energy regulator Nersa has proposed another municipal electricity tariff increase of 7.47 percent
By Neil Roets LOOKING back over a year of Eskom’s electricity price hikes may seem like a recurring bad dream, but the reality is that keeping the power on has become nothing short of a nightmare for the average South African.Now, energy regulator Nersa has proposed another municipal electricity tariff increase of 7.47 percent as
Energy regulator Nersa’s proposal to increase municipal electricity tariffs by another 7.47% in July 2022 will put many South Africans over the edge, says Neil Roets, chief executive of Debt Rescue. This figure constitutes a 3.49% increase for the 2022/23 year, and this is separate from the 9.6% annual increase for Eskom customers that kicked
Fuel price hikes have led to massive food price spikes, while more consumers are seeking debt relief, and things look set to get even worse. Although the recent fuel levy reduction is welcome and will soften the blow for consumers, it is simply not enough to balance the pain when paying for fuel, and the
Government intervention to help lower South Africa’s petrol prices in April and May will be welcomed by motorists, but there is no guarantee that international factors will have improved by June. This concern was flagged by both National Treasury and Department of Energy officials in presentations made to parliament in March about possible interventions. While
