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 report from Old Mutual shows how much money South African households are managing to put away each month under a very stretched economy. Overall consumer debt is growing, and the fact that ratings agency S&P flagged it as a major risk to the country’s banking sector should act as a wake up call for
South Africa has one of the worst savings rates in the world, according to statistics released by the South African Reserve Bank, which found that the country’s savings rate is only 15,4% of GDP – far below the desired rate of 25%. As July marks South Africa’s National Savings Month, ManpowerGroup South Africa’s managing director,
Overall consumer debt is growing and the fact that ratings agency S&P flagged it as a major risk to the country’s banking sector should act as a wakeup call for consumers and banks. Neil Roets, CEO of Debt Rescue, said there had been a noticeable increase in the number of distressed consumers who had knocked
Durban – Economists have predicted a large drop in fuel prices by July as the international oil price remains depressed. Independent economist Dawie Roodt said on Monday he expected the petrol price to decline by between 60 and 64 cents a litre, while diesel could drop by about 60 cents a litre. “The rand has
Fears of a full-scale recession, electricity hikes and debt forgiveness plans are some of the hot business news stories on Fin24. Gross domestic product contracted 0.7% for the first quarter of 2017, indicating that the country has entered into a technical recession, according to deputy director general of Economic Statistics at Statistics South Africa (Stats
South Africa’s economy contracted by 0,7% during the first quarter of the year, Stats SA revealed on Tuesday. It represents the second conservative contraction quarter-on-quarter and places the South African economy in a technical recession. It follows a GDP decline of 0,3% in the fourth quarter of 2016 and overall economic growth of just 0,3%
Cape Town – Consumers are fighting a losing battle against the rising cost of living amid a barrage of bleak economic indicators. South Africa is in a technical recession, its unemployment rate is on a 14-year high, it has suffered junk status gradings by two ratings agencies and on top of that, it faces potential
Cape Town – While motorists can expect a further drop of 60 cents in the petrol price next month, the country is still in a technical recession and the price could increase in months ahead, warned a debt expert. The Automobile Association (AA) expects a petrol price decline of between 60c and 64c a litre
Motoriste kan in Julie, betyds vir die wintervakansie, ’n skerp daling in petrolpryse verwag danksy die verrassende veerkrag van die rand en laer oliepryse. Die onafhanklike ekonoom Dawie Roodt verwag petrolpryse kan met tussen 60c en 64c per liter daal, en diesel kan met sowat 60c per liter daal. “Die rand het in die eerste
Debt counselling company, Debt Rescue, says it has experienced a substantial increase in financially distressed consumers applying for debt review over the past few months. Debt Rescue CEO, Neil Roets said that since the beginning of January there had been a marked increase in the number of consumers who sought relief by going under debt
