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.
Cape Town – If there is one economic nuisance consumers would rather not hear, it is that of ever skyrocketing fuel prices. Although economists would want consumers to believe that some ‘cheating’ by petrol barons every now and then, can cheapen the costs, the reality turn to prove otherwise. For-instance, take the latest revelation by
MORE than 10 million people in Mzansi struggle with debt, more so our women. Debt Rescue’s internal statistics show that more than 51% of indebted people are women and most of the debt was caused by personal loans (94%), credit cards (84%) and store cards (76%). In the spirit of Women’s Month, SunMoney wants to
South Africa’s economic woes are expected to continue into the last quarter of the year – with the first major blow coming in September when petrol prices are expected to increase by as much as 60 cents a litre, hitting consumers like a ‘ton of bricks’. The latest data from the Central Energy Fund points
CAPE TOWN- Men are still outstripping women by almost four percentage points in creating debt that they are unable to repay. According to a survey compiled by one of the largest debt counselling companies in South Africa, it was found that of all the applicants that signed up to go under debt review in the
South Africans are drowning in debt despite a slight drop in the number of people being summoned to court for owing money. According to Statistics South Africa, in June this year, Gauteng had the highest number of cases (17 603) followed by KwaZulu-Natal (8 800). However, these are also the provinces with the biggest populations.
A new survey conducted by insurer 1Life shows that South Africans are struggling financially, with high levels of debt putting pressure on households and leaving little room for monthly expenses. The group conducted the survey in July, testing consumers’ understanding of saving and financial responsibility. Addressing the survey results, 1Life said that despite knowing how
