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 debt counselling industry continues to see a growth in applications, and the current economic situation is a huge factor contributing to the financial distress consumers find themselves in. This is according to Debt Rescue CEO Neil Roets, who said that one of the biggest factors this year so far has been the impact of
Mid-month unaudited data from the Central Energy Fund (CEF) is predicting the biggest fuel price hike in South Africa’s history by some margin, says the Automobile Association (AA). “A spike in international oil prices and a huge swing in the Rand/US dollar exchange rate have combined to predict a knockout blow at the pumps at
Data released by the National Credit Regulator (NCR) reveals that more than half of all credit active consumers are at least three months or more in arrears, with South Africans owing over R1,3 trillion in outstanding debt. Adding to this, consumers have also been hit with an economy that is technical recession, a Vat increase
Die ANC se Kredietwysigingswet – wat banke dwing om die skuld van sommige armes of te skryf – gaan uiteindelik miljoene behoeftiges in die arms van gewetenlose township-milupuideners dryf. Kenners bereken dat char sowat 9,5 miljoen mense in die land is wat minder as R7 500 per maand verdien en ongesekureerde skuld van minder as
As South Africans adjust to living in a country in the midst of a technical recession, the National Credit Regulator (NCR) has urged the public to make use of debt counselling services. In a statement released on Tuesday (11 September), the regulator called on more South Africans to make use of its registered debt counsellors.
Durban – Experts predict that whatever relief consumers got from government keeping down the September fuel price increase is going to be wiped out with a whopping R1.20 – to R1.30 per litre increase in October… and yet further increases are expected in November and December. With fuel prices currently at R15.86 a litre, such
Mid-month unaudited data from the Central Energy Fund (CEF) is predicting the biggest fuel price hike in South Africa’s history by some margin, says the Automobile Association (AA). “A spike in international oil prices and a huge swing in the Rand/US dollar exchange rate have combined to predict a knockout blow at the pumps at
The fact that the government has by artificial means supported the fuel price to keep it well below the 23c-25c a litre that had been expected will come back to haunt consumers in months to come says economist Dawie Roodt. “There is a set formula that the energy department and economists use to calculate the
South Africa is in its first technical recession in nine years. Stats SA announced on Tuesday that the country’s real gross domestic product contracted by 0.7% in the second quarter of 2018. This follows a revised fall of 2.6% in the first quarter of the year. CEO of Debt Rescue Neil Roets told Radio Islam
Johannesburg – Monday’s intervention by the Energy Department to keep fuel prices unchanged for September, except for 4.9 cents a litre on petrol to cover a previously agreed pay rise for forecourt workers, will come back to haunt motorists over the next few months, says economist Dawie Roodt. “There’s a set formula,” he explained, “that
