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.
SOUTH AFRICANS are R1.64 trillion in debt and finding it very hard to get out of the trap. People aged between 31 and 45 collectively owe 53 percent of all outstanding debt. Most of the debt is for personal loans, less than a quarter have any money left after bills have been paid and 40
New data shows that the age group with the largest amount of debt in South Africa is between 31 and 45 who collectively owe 53% of all outstanding debt. Debt management firm, Debt Rescue’s data showed that South African men and women have now become almost equal in the R1.64-trillion debt they collectively owed to
THE number of highly indebted consumers applying for debt counselling in South Africa has been increasing on a monthly basis according to the National Credit Regulator (NCR) figures. The increase in debt applications comes as consumers are grappling with several price increases which include electricity, essential food items and interest rates in recent months. Kedilatile
Substituting pricey goods with cheaper ones can ease the strain THE BARRAGE of bad news can be overwhelming: hikes in fuel prices, food and electricity; the drought; fluctuating rand; high unemployment; a likely economic downgrade; and almost no economic growth. It costs more to farm, so food producers are paying more for raw materials, and
Unlike Newton’s law of gravity, what goes up, doesn’t always come down – especially when it comes to food prices. And seeing we’re in for tough times, changing your buying behaviour counts more than ever The barrage of bad news can be overwhelming: hikes in fuel prices, food and electricity; the drought; fluctuating rand; high
THOUSANDS of shoppers swamped the opening of one of the largest malls in South Africa last week. The Mall of Africa housees more than 300 shops, including global brands such as Inditex’s Zara, Hennes & Mauritz (H&M), Cotton On and coffee chain Starbucks. They want to attract the rising number of young consumers in Africa’s
Meat is meat, but not if the price goes up 50% WITH the price of meat set to increase by up to 50 percent, many Cape Flats mense are considering going vegetarian. The Daily Voice took to the streets of the Cape Flats where mense say they are already scraping the bottom of the barrel.
In addition to an expected big increase in the price of red meat, consumers should also brace themselves for an 18 cents a litre hike in the price of petrol. Which in turn will have a knock-on effect on the prices of all other commodities, warned Neil Roets, CEO of debt management firm Debt Rescue.
Motorists face another hike in the petrol price next month. The cost of the commodity will increase by 18 cents a litre. Petrol has increased by over R1 a litre in the last two months. CEO of Debt Rescue, Neil Roets says this will have a knock-on effect on the prices of all other commodities.
JOHANNESBURG – South African consumers have been urged to budget strictly and prepare for a major hike in food prices and another petrol price increase with the country still in the grips of a crippling drought. Economists are predicting at least a 50 percent hike on the price of red meat because of the drought
