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 merry-go-round of money is something every South African understands. Whether you’re a high-end earner living in Joburg’s Northern Suburbs or a middle-class South African making do on an average salary for a respectable job, money always matters. And if you’re a woman, this is especially true. Expected to take care of the children, as
South African motorists and businesses are going to be hit with petrol price increases in March – while fuel tax hikes in April, the rising cost of electricity courtesy of Eskom, and low business confidence will going to keep the pressure on the country’s already battered economy. Small and medium-sized businesses (SMEs) face a particularly
Over-indebted consumers are set to face a tough 2021. With over 2 million jobs lost in 2020, the highest number of Covid-19 cases on the continent and the after-effect of strict lockdown restrictions still affecting businesses, the future looks uncertain for many South Africans, particularly financially. According to Trading Economics, household debt in relation to
How they’re feeling, what they’re cutting back on – and why things are likely to get worse before they get better. The resilience of relatively high earners is now being tested, while lower earners are contending with a sharp increase in the number of family members and friends they must support financially. Image: Waldo Swiegers,
As jy nog nie na 2020 se Covid-19-wipwarit die gordel stywer getrek het nie, is dit nou die tyd om dit te doen – al is dit net omdat brandstofpryse vanjaar waarskynlik skerp gaan styg.
“Julia smit oor Debt Rescue. Ek is sederit maart 2019 ‘n klient van hulle wat my bekommer,is dat ek verskeie kere gevra het wanner ek my laaste betaling ann hulle moet doen en geen antwoord hierop kry nie”
Wednesday’s petrol price increase is likely to be the catalyst for another set of price hikes across the country over the coming months. Petrol 93 and 95 will be subject to an 81 cents per litre hike, while diesel 0.05% increases by 58 cents and diesel 0.005% by 59 cents per litre. Illuminating paraffin increases
The second wave of Covid-19 is likely to undermine the inroads South African consumers have made into reducing their debt. This positive trend was bolstered by the broad uptake of DebiCheck, the secure debit-order payment system introduced by the Payments Association of South Africa in November 2019, which ensures consumers can’t wriggle out of their
A likely rise in bankruptcies, electricity supply constraints, a poor jobs outlook, and material fiscal constraints, do not set South Africa’s expected economic recovery on a good path, says Sanisha Packirisamy, economist at Momentum Investments. In a note on Tuesday (5 January), Packirisamy said that a resurgence in Covid-19 cases and tighter restrictions could also
Cape Town – South Africa’s already cash-strapped consumers will have to dig deeper into their pockets as petrol, diesel and illuminating paraffin are set to increase in price and experts have warned that the hikes foreshadow further shocks to the economy in the months to come. On Monday, Mineral Resources and Energy Minister Gwede Mantashe
