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.
Consumers will be faced with higher travelling costs and the possibility of food price inflation as a result of the fuel price hikes which came into effect at midnight of Tuesday, economists have warned. The inland price for a litre of 95 octane unleaded petrol will cost R16.02 from Wednesday. The coastal price will be
With the petrol price hitting a record high at midnight on Tuesday, economist Dawie Roodt says things are not looking any better for August. Petrol will be increasing by 24 cents and 26 cents for 93 and 95 octane petrol at midnight, taking the price over R16 per litre for the first time in South
Consumers and credit providers should be cautiousabout misinterpreting a High Court judgment scrapping proof-of-income requirements, reports THERE was mixed reaction to the Western Cape High Court judgment in March scrapping a subsection of the National Credit Act (NCA) that required lenders to obtain documentary proof of income, such as payslips and three months’ bank statements,
JOHANNESBURG- The latest petrol price increase will have a devastating impact on hard-pressed consumers, experts have warned. Neil Roets, CEO of Debt Rescue on Monday said that while the cost of living had gone up as prices for services such as electricity, water and sewage had been increased. Energy Department announced that a liter of
There was mixed reaction to the Western Cape High Court judgment in March scrapping a subsection of the National Credit Act (NCA) that required lenders to obtain documentary proof of income, such as payslips and three months’ bank statements, as part of their affordability assessments. The upshot of the ruling is that credit providers can
The wave of positive sentiment following Cyril Ramaphosa’s election as president in the first quarter, has faded in the second due to a number of factors including record fuel prices, a tax hike, a local currency firmly on the back foot, and most recently, the return of load shedding. Consumers are also feeling the very
Durban – South Africans, buckling under the strain of rising fuel costs and increases linked to the one per cent VAT hike are turning to store cards which could lead to even more household debt. This is according to Neil Roets, CEO of debt counselling firm, Debt Rescue who said the number of store cards
JOHANNESBURG/CAPE TOWN – As a record high fuel price kicked in on Wednesday morning, Debt Rescue says that South Africans will feel the pinch all round, not only in transport costs. Motorists queued at petrol pumps until late on Tuesday night just before the new fuel levy came into effect. Petrol now costs 82 cents
