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.
DURBAN – Motorists can expect fuel prices to fall sharply in July. This is the result of a resilient rand declining oil price, economists say. Economist Dawie Roodt expects the petrol price to decline between 60 and 64 cents a litre in July, with diesel dropping by around 60 a litre. “The rand has remained
NEWSWATCH: The month of July will reportedly see a significant drop in fuel prices with independent economist Dawie Roodt expecting the price of petrol to decline by between 60 and 64 cents a litre, and diesel by about 60 cents a litre. According to a report on IOL, this is due to the international oil
Cape Town – South African consumers face a debt crisis after the country entered a technical recession in 2017, according to Debt Rescue CEO Neil Roets on Friday. “We have been living through the recession for the past couple of months,” he said. “It has had a big impact on consumers. More than 10 million
Edward West, The Witness South Africa unexpectedly entered a recession on Tuesday, with a 0,7% quarterly contraction in GDP in the first three months of 2017. When an economy goes into recession, businesses — local and foreign — become reluctant to invest, unemployment increases and those with jobs are unable to get a raise. Consumption
Stats SA has revealed that the country’s economy contracted by 0,7% in the first quarter of the year 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%
Government’s mooted debt forgiveness programme would plunge consumers deeper into debt in the long term, says debt management expert, Neil Roets. He said that recommendations by the Department of Trade and Industry (DTI) that the National Credit Act be amended to allow the minister to prescribe debt relief measures (debt forgiveness) to over-indebted households also
The news that South Africa’s economy has slipped into a technical recession in the first quarter of 2017 is likely to have negative knock-on consequences for consumers. The latest gross domestic product (GDP) data released by Stats SA on Tuesday showed that the South African economy declined by 0.7% in the first quarter of 2017,
Recommendations by the Department of Trade and Industry (DTI) that the National Credit Act be amended to allow the minister to prescribe debt relief measures (debt forgiveness) to over-indebted households poses a major threat to the finance sector. In a discussion document presented to Parliament, MacDonald Netshitenzhe, acting deputy director-general at the consumer and corporate
Cape Town – Government’s intention to implement a debt forgiveness programme for over-indebted households poses a major threat to the financial sector, according to Neil Roets, CEO of debt management company Debt Rescue. In a discussion document presented to Parliament, MacDonald Netshitenzhe, acting deputy director general at the consumer and corporate division of the Department
Debt management firm, Debt Rescue says that middle class South Africans have been feeling the economic downturn for some time, with petrol and electricity price hikes, along with spiralling food costs leaving many in a debt bind. The company highlighted a recent in-house survey conducted by Sanlam which showed that 73% of professional middle class
