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.
As South Africa grapples with unprecedented fuel price hikes, a critical conversation is emerging within the workplace about the impact of rising transport costs on employees. With petrol prices hitting record highs, experts argue that how employers respond to these challenges could redefine the future of work in the country. The fuel crisis, coupled with
With South African motorists taking the hit on the fuel price hike this April, other goods and services will inevitably follow suit. The spike is being driven by a combination of what is happening around the world. This commotion is putting pressure on the country with additional levies which have come into effect at the
The South African government has made a significant move to alleviate the financial burden on motorists, announcing a temporary R3 reduction in the fuel levy for petrol and diesel effective from April 1, 2026. This adjustment comes in response to anticipated steep increases in fuel prices at the pumps, a situation that has raised concerns
In the face of escalating financial pressures, many South Africans are preparing for what could be a severe economic downturn. With a potential record-breaking petrol price hike on the horizon and an electricity tariff increase set to take effect in early April 2026, millions may be left struggling to make ends meet. The South African
The South African Reserve Bank (SARB) opted to keep the repo rate unchanged at 6.75%, a decision shaped by rising global uncertainties, particularly the ongoing conflict in the Middle East. This followed a meeting of the Monetary Policy Committee (MPC), where all members supported holding the rate amid concerns over inflationary pressures linked to geopolitical
Debt counselling firm, Debt Rescue SA said that it disagrees with the Reserve Bank’s decision to keep the interest rates unchanged. It warns that many households will be devastated by already high borrowing costs and looming increases in electricity and fuel prices. It said that the imminent electricity tariff hike will further erode disposable income.
The South African Reserve Bank (Sarb) announced that the central bank’s Monetary Policy Committee (MPC) voted to keep the repo rate unchanged. This means that the repo rate will remain at 6.75% and the prime lending rate at 10.25%. The decision from Sarb comes after escalating tensions in the Middle East have pushed the global
In a move anticipated by many economists, the South African Reserve Bank (SARB) announced on Thursday that it would maintain the current repo rate. Neil Roets, CEO of Debt Rescue, weighed in on the implications of this decision, highlighting the hidden yet potent challenges facing consumers amidst global uncertainty and local economic strain. Roets said
Most experts believe that when the Monetary Policy Committee (MPC) meets on Thursday they will leave interest rates unchanged following the US Federal Reserve announcing that interest rates would be unchanged in March. Experts have warned that they believe interest rates will rise in the coming months. Neil Roets, founder and CEO of Debt Rescue,
Economists expect South Africa’s inflation rate to remain below 4% when the February 2026 consumer price index (CPI) figures are released on Wednesday by Statistics South Africa, although rising global oil prices could create renewed inflationary pressures in the months ahead. Several analysts say the upcoming data is likely to reflect relatively moderate inflation levels,
