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 – Deeply indebted consumers should not view South Africa’s unchanged credit rating by S&P as a reprieve to go on a spending spree. This is the message from Neil Roets, CEO of one of South Africa’s largest debt management companies, Debt Rescue. S&P on Friday decided to keep South Africa’s credit rating at
Battle for survival as jobs slashed, prices hiked RISING interest rates, petrol and food prices and a general increase in living costs are plunging consumers deeper into debt, with an increase seen in the number of people seeking debt counselling. Debt relief agencies across the country have seen an increase in debt review applications, receiving
Experts have raised concern about consumer credit spending in South Africa. JOHANNESBURG – A debt recovery agency has raised concerns about consumer spending habits, following research by Absa’s card analytics team that suggests South Africans are borrowing more money instead of cutting back on luxury items. While the country’s tough economic climate has become overwhelmingly
JOHANNESBURG (Reuters) – Rate increases by South Africa’s central bank have left at least 10 million people crippled by debt in a country where many people buy on credit. The result may be a further slowdown in South Africa’s slumping economy, which is now expected to grow just 0.9 percent in 2016. That would only
Rate increases by South Africa’s central bank have left at least 10 million people crippled by debt in a country where many people buy on credit. The result may be a further slowdown in South Africa’s slumping economy, which is now expected to grow just 0.9% in 2016. That would only aggravate the problem for
According to a Debt Rescue study, only about 23% of South Africans have money left at the end of the month before their next payday. The study finds that 86% of South Africans borrowed money in the year 2014. It also finds that South Africans between the ages of 31 and 45 collectively owe 53%
Die uitvoerende hoof van Debt Rescue, Neil Roets, sê verbruikers kan nie die brandstofheffing te midde van groeiende skuldvlakke en skerp stygende lewenskoste bekostig nie, en die regering behoort meer te doen om mense te help. Hy sê hoewel die petrolheffing ‘n betekenisvolle vorm van inkomste vir die staat is, is dit saam met die
Motorists lined up at petrol stations in South Africa on Tuesday evening to fill up their tanks before increased fuel prices kicked in at midnight. On Friday the Department of Energy announced petrol hikes of 52 cents per litre for petrol of all grades and 78 cents per litre for diesel. The Automobile Association (AA)
Cape Town – Consumers can’t afford the petrol levy amid growing levels of debt and soaring costs of living, according to Debt Rescue CEO Neil Roets. In a studio interview with News24 Live, Roets said that although the petrol levy is a meaningful form for revenue collection for the state, consumers can’t afford it with
Nearly 10 million people in debt arrears. JOHANNESBURG – Rate increases by South Africa’s central bank have left at least 10 million people crippled by debt in a country where many people buy on credit. The result may be a further slowdown in South Africa’s slumping economy, which is now expected to grow just 0.9%
