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.
“Geen beweegruimte meer oor vir dié wat op skuld leef” Die Reserwebank se onverwags aggressiewe verhoging van die rente- koers gister gee mense op Skuld- bult min of geen beweegruimte. Dit is minstens die derde sware slag vir Suid-Afrikaners naas die verswakking van die rand en die droogte en sy gepaardgaande hoér kospryse, maar daar
While the increase in the price of diesel between 62c and 63c a litre from Wednesday is going to bring some relief to battered consumers who depend on road transportation to convey most of the commodities they consume including food‚ the dismal state of the economy is going offset this drop. That’s the view of
Johannesburg – Economists are divided on exactly how badly the repo rate hikes will affect the average South African in debt, though few believe yesterday’s hike is good news. The South African Reserve Bank is to increase the repo rate by 50 basis points. According to SARB governor Le-setja Kganyago, the rate at which the
Reserve Bank expects inflation to average 6.8% in 2016 and 7% in 2017. The South African Reserve Bank’s decision to hike the benchmark repurchase (repo) rate by 50 basis points – off the back of a worsening inflation outlook – means that as of Friday it stands at 6.75%, or 1% above where it was
The Reserve Bank has increased the interest rate by 50 basis points. Reserve Bank Governor Lesetja Kganyago made the announcement while delivering the central bank’s first monetary policy statement of the year in Pretoria on Thursday. “Given the deterioration in the inflation outlook, the MPC decided to increase the re-purchase rate by 50 basis points
The announcement by the Reserve Bank that it was increasing the repo interest rate by .5% coming on top of proposed 8% increases in electricity rates is going to have a devastating impact on consumers. There is also a strong likelihood that South Africa’s staple food – maize meal – may increase by as much
Die rentekoers-skok van 0,5 persentasiepunt Donderdag is die eerste van vele vanjaar. Die prima rentekoers is nou 10,25% nadat die Reserwebank Donderdagmiddag die rentekoers met 0,5 persentasiepunt verhoog het. Ontleders verwag nóg rentekoersverhogings vanjaar vir ’n totaal van 1 persentasiepunt, asook ’n styging van 0,5 persentasiepunt in 2017, wat beteken dit is nog lank nie
ECONOMISTS are divided on exactly how badly the repo rate hikes will affect the average South African in debt, though few believe yesterday’s hike is good news. The South African Reserve Bank is to increase the repo rate by 50 basis points. According to SARB governor Le- setja Kganyago, the rate at which the institution
Shain Germaner ECONOMISTS are divided on exactly how badly the repo rate hikes will affect the average South African in debt, although a few are saying that yesterday’s hike is good news. Yesterday afternoon the SA Reserve Bank announced it would increase the repo rate by 50 basis points. According to the bank’s governor, Lesetja
A widely expected rate hike by the South African Reserve Bank (Sarb) on Thursday is going to have a devastating impact on consumers, Debt Rescue CEO Neil Roets told Fin24. He said all indications are that Sarb will increase the repo rate by 0.5%. This comes on top of a proposed 8% hike in electricity
