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.
Neil Roets the CEO of Debt Rescue gave his view of the energy and petrol issue. South African consumers are continuing to be squeezed by rising fuel and electricity prices, and the situation is expected to worsen as we approach the end of the year. This is the view of Neil Roets, chief executive of
Neil Roets, CEO of Debt Rescue speaks to CBN on the the future with energy and fuel prices getting higher and higher and how bad is it truly! Since 2011, the cost of petrol has increased by +- 85% and diesel by +-69%. In Rand terms, this means an average 50 litre petrol tank now
It’s not easy, but you’re crawling your way out of debt; how can you start building a good credit score? Credit active consumers in South Africa are entitled to one free credit report per year. A credit report will show who your creditors are, your payment history (according to creditors) and if you have any
The Quarterly Employment Statistics published by Statistics South Africa on Tuesday (28 September) show that an additional 86,000 jobs were lost in the formal non-agricultural sector in the second quarter of 2021, with economists warning that the cuts will have significant knock-on effects. The data shows that total employment in South Africa decreased from 9,652,000
A Fin24 reader who managed to settle all her debt wants to know how she should go about fixing her bad credit score. She writes: Most of my accounts were handed over to collection companies about three years ago. I have tried paying off or settling all of them and have finally managed to break
While Minister of Social Development Lindiwe Zulu’s proposals to overhaul the country’s social security system shows willingness from government to address the fact that millions of South Africans find themselves in dire straits at retirement or after a life-changing event, it is poor timing, says Debt Rescue CEO Neil Roets. Roets says Debt Rescue has seen a
The fuel price has a considerable knock-on effect on the cost of living as so much depends on fuel, not least the transportation of goods which is immediately felt on consumers’ pockets. So with a 91 cents increase coming into effect from August 4th for petrol and 55,58 cents for diesel, consumers need to once again
Thanks to ever-increasing costs in South Africa, there has been a dramatic surge in clients on the verge of bankruptcy seeking help from debt counsellors, says Neil Roets, Debt Rescue chief executive. “Most have been relying on expensive credit for everyday items and many are receiving default notices and are facing impending legal action now
Between April and June last year, 1.6 million South Africans applied for mortgage payment holidays from their banks. While this provided some form of temporary relief, it is now costing them, on average, an additional R12 900 a month due to having to pay up on interest accrued, pushing many South Africans further into financial
A Fin24 reader currently under debt review wants to know if it is possible to get a loan. She writes: I’m under debt review; is it possible to get a loan? Neil Roets, Founder and CEO of Debt Rescue, responds: Debt counselling is a process whereby an over-indebted person repays their debt in a manner
