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.
A growing number of South Africans are getting into financial trouble by investing in cryptocurrencies like Bitcoin and Ethereum. Debt Rescue CEO Neil Roets said many South Africans have been driven to the brink of bankruptcy after buying into cryptocurrency. “We interviewed our first cryptocurrency victims towards the end of last year who wanted to
Debt counselors are seeing a growing number of South Africans who have lost money gambling in crypto-currencies such as bitcoin and ripple. Some of them were victims of online scams, which resulted in their bank accounts getting raided by offshore hackers, or they were robbed by sellers who never actually delivered the digital currency after
There is disturbing lack of accountability in the world nowadays. Everything is everyone else’s fault from the guy who hit your car to the woman who served your lunch at a restaurant. It spills over into all areas of life, including our finances. We have now been reduced to just accepting the average consumer can’t
A senior investment executive at Rand Merchant Investments says that Bitcoin’s volatility will continue in 2018, but it could begin to emerge as a payment system in South Africa. Having soared more than 1,500% in 2017, Bitcoin has experienced extreme levels of volatility since mid-December. From a peak of nearly $20,000, the largest digital currency
South Africa is the only country in the world that allows for home loans to be placed under debt review and is a means of protecting consumers and their home. Individuals pledging their lives to one another may well be forgiven for wanting to alter their wedding vows such that “death” is replaced with “debt”.
A rapidly growing number of deeply indebted consumers are getting themselves into financial trouble by “investing” in cryptocurrencies such as Bitcoin and Ripple. Chief executive of Debt Rescue Neil Roets said he was “amazed” when the first clients started applying for debt counselling who had been driven to the brink of bankruptcy by buying into
South Africans are pawning their cars and taking out second bonds to buy Bitcoin: debt expert A debt expert says that a rapidly growing number of deeply indebted consumers are getting themselves into financial trouble by investing in cryptocurrencies including Bitcoin and Ripple. Neil Roets, CEO of debt counselling company, Debt Rescue, said he was
Mines, industries expected to shed jobs CONSUMERS are in for a tough ride in 2018with major price increases for food and other essential commodities on the cards, as well as a sluggish growth rate predicted for the new year. This was according to Neil Roets, CEO of Debt Rescue, a large debt counselling company, who
Index shows SA is one of world’s most indebted countries. With major price increases for food and other essential commodities on the cards as well as a continued sluggish growth rate predicted for the new year, South Africans are in for a rough ride in 2018. Neil Roets, CEO of debt counselling company Debt Rescue,
South Africans have been warned to brace themselves for tough times in the new year. Debt Rescue chief executive Neil Roets has cautioned consumers to enjoy the festive season responsibly and not get in debt. He said major price increases are predicted for food and essential items due to the slow economic growth rate. Roets
