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.
[vc_row][vc_column width=”2/3″][vc_column_text]Johannesburg – A value-added tax (VAT) increase will have a devastating effect on the whole country, warned Debt Rescue CEO Neil Roets. South Africa’s VAT rate, which is somewhat lower than the global average, was introduced in 1991 at 10%. It was hiked to 14% in 1994. Currently, zero-rated items are brown bread, maize
Independent economist, Dawie Roodt, is almost certain the fuel levy will rise when Finance Minister, Pravin Gordhan, presents his annual budget speech. This comes days after the RAF announced their account had been frozen and could no longer pay out claimants. Rise In Fuel Levy Despite Two 2017 Fuel Hikes Petrol has increased by 79
Motorists should brace for a hefty fuel levy increase when finance minister Pravin Gordhan presents the budget speech to Parliament on 22 February. Motorists have already experienced two consecutive petrol price hikes in the first two months of 2017. Petrol has increased by 79 cents so far this year, while diesel is already up by
Durban – As another big petrol price increase looms, many families have started the new year in debt, financial experts said. Next week’s petrol price increase would have a knock-on effect on consumable goods and many families would cut out essentials to make ends meet, they said. Come Wednesday, motorists can expect to pay 29
The expected increase in the price of petrol and diesel in February is bad news for consumers, says debt management company Debt Rescue, who has noted a big jump in the number of debtors looking for help already in 2017. The Automobile Association is predicting that the petrol price is set to jump by 44
JAN BORNMAN AFTER a long December of overspending and poor money planning, people desperately short of cash will once again be beating a path to the doors of pawnbrokers and second-hand shops. Debt rescue service providers said they saw a “dramatic” increase in the number of people requesting help at this time of year. Tom
After a long December holiday of over-spending and poor planning‚ pawn-shop and second-hand dealers are expecting an influx of people desperately short of cash in January. Meanwhile‚ debt rescue service providers say they see a “dramatic” increase in the number of people requesting their help at this time of year. Tom Fuhri‚ CEO of the
Optimism for better trading Despite tight household budgets and muted economic growth prospects, retailers and traders are optimistic for an improved trading outlook this year, according to Consumer Goods Council of South Africa (CGCSA) chief executive Gwarega Mangozhe. Mango zhe said consumers are still grappling with high debts which have affected disposable incomes available for
The slowing in monthly real retail sales growth suggests a possible tough year for retailers. THE year 2016 will go down as a really tough year for the business community in Pietermaritzburg and the broader Midlands as demand slowed in line with the national economy and in most sectors. A bigger problem is that there
AFTER a long December holiday of overspending and poor planning, pawn-shop and second-hand dealers are expecting an influx of people desperately short of cash. Meanwhile, debt rescue service providers say they see a dramatic increase in the number of people requesting their help at this time of year. Tom Fuhri, chief executive of the Second-hand
