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.
Correction: This article has been amended to clarify that the R1bn refers to the total credit facility made available by Pick n Pay for cards. It does not refer to credit already taken up by customers, as Fin24 wrote in a previous version of this article. Johannesburg – Pick n Pay says it has granted
Pick n Pay will avoid building “huge stores”, as consumers are becoming less inclined to do large weekly purchases, says CEO Richard Brasher. Excluding its Zimbabwean operations, the retailer opened 124 net new stores in the year to February 25, adding 3.3% to its total space. None of these new stores was hypermarkets, while the
A PANEL of experts will be appointed by the finance minister to ensure that the increased VAT rate is not regressive – and that 19 zero-rated food items will continue to be so, the national treasury said at the weekend. The chairperson of the Davis tax committee, Judge Dennis Davis, will appoint a panel of
Beleérde SAIDseslegte skuld skietmet 50% op Jan Taks seslegteskuldvan belastingbetalers wat weier om hul aanslae te betaal, het binne net een jaar met meer as 30% gestyg. Die Suid-AfrikaanseInkomstediens (SAID) het by navraag gesê sy uitstaande slegteskuld wastwee weke gelede R150miljard. ‘n Jaarvroeër was dit R139miljard – 30% meer asdie slegteskuld wat dit in Februarie
Debt laden consumers owe R1.73 trillion ALTHOUGH the drop in fuel prices from today will bring some relief to deeply indebted consumers, it will be short-lived, as the value-added tax (VAT) rate is set to see a price hike next month. The Department of Energy announced last week that as from today the price of
Die herroeping van polonie en ander verwerkte vleisprodukte weens ‘n listeriose-uitbreking sal ‘n reuse-impak op die heel armste deel van die bevolking hê. Dit is omdat dié deel staatmaak op dié goedkoop bron van proteïene, sê Neil Roets, uitvoerende hoof van die skuld beradings groep Debt Rescue. Volgens die minister van gesondheid, Aaron Motsoaledi, het
The damage done to the economy by nine years of Jacob Zuma’s presidency was so severe that even his decision to resign with immediate effect is unlikely to reverse the decision by rating agencies to further downgrade South Africa’s credit rating. Independent economist Dawie Roodt said there was a strong possibility that Moody’s and Fitch
Cape Town – Although the decrease in fuel prices from today will bring some relief to deeply indebted consumers, it will be short-lived as VAT will increase next month. The Department of Energy announced last week that as from today the price of petrol will drop by 36 cents a litre and diesel by between
Durban – Good news for consumers as the price of petrol is set to drop by 36c a litre at midnight on Tuesday. However, the fuel levy of 52c a litre will still be introduced on April 1. Andre Venter, spokesperson of the trade union United Association of South Africa (UASA) said the drop of
WHILE the 36¢/l drop in the price of petrol that kicks in tomorrowwill bring some reliefto deeplyindebted consumers, much ofthat concession will becounteractedbythehigher VAT rate thatwill becomeeffectivein April. Together with a range of other taxes and levies introduced by former finance minister Malusi Gigaba in his 2018 budget, consumers are in for rough ride. The
