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.
It is widely expected that consumers should prepare themselves for a rise in the Consumer Price Index (CPI) thanks to the weak rand and a slew of price increases especially in the food sector where the ongoing drought has played a major role. Paving the way for higher prices across the board, hard-pressed consumers should
If President Jacob Zuma were to be believed things have never looked rosier in South Africa and he was much beloved by the masses of South Africans who believed he was doing an outstanding job. Delivering his State of the Nation address to parliament, he conceded that the ongoing drought was a problem but he
Debt managers say there was nothing in President Jacob Zuma’s State of the Nation Address (Sona) that offered any hope the government understood how dire the financial situation is for South Africans. CEO of Debt Rescue, one of the largest debt management companies in South Africa, Neil Roets, said: “A clear indication of just how
Zuma referred several times to responsibilities falling to Finance Minister Pravin Gordhan following Sona. Political parties and experts in the finance sector agree that President Jacob Zuma’s State of the Nation Address (Sona) on Thursday fell short of bringing South Africans any solace about the country’s ailing economy. In his speech, Zuma referred several times
Johannesburg – President Jacob Zuma seems to have failed to impress with Thursday’s State of the Nation Address as commentators say he delivered no real solutions. This comes despite Zuma’s promises to cut down on state spending, and eliminate fruitless and wasteful expenditure. All sorts of things are going – from trips overseas to one
THE Reserve Bank’s announcement of a 50 basis point increase in the repo interest rate is another blow to the economy and consumers. Reserve Bank governor Lesetja Kganyago on Thursday cited concerns about rising inflation and the devaluation of the rand as reasons why the repo interest rate was raised to 6,75% from 6,25%. The
THE recent antipoor statement by Herman Mashaba, the Democratic Alliance’s (DA’s) Johannesburg mayoral candidate, during an interview on SABC, should not shock us at all. “It is interesting that you can expect poor people to be leaders. That is looking for trouble, in any given situation… The budget of the city of Johannesburg is R40bn
Edward West, The Witness The prices of many vegetables have increased sharply in the three months to January 2016, while the price of maize meal, the staple food of most South Africans, was 21,5% higher per 25?kg bag in January 2016 when compared with the same month a year before, according to the Pacsa Monthly
More than 11.4 million people in South Africa collectively save about R49 billion a year through stokvels, and this number is set to increase as factors such as the weak rand, high inflation, increasing food and electricity costs put pressure on consumers’ budgets, making it difficult to save. Pick n Pay announced a new partnership
NEW VEHICLE and house sales, the two big ticket items of households, are set to be dented by the latest hike in interest rates and expected further rates increases this year. Azar Jammine, the chief economist at Econometrix, said on Friday that the 0.5 percentage point increase in interest rates by the Reserve Bank last
