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 …Read More
CEO at Debt Rescue, Neil Roets says South Africans don’t have a saving culture and that is resulting to debt.
He says financial education should be the first priority among citizens to assist in their financial challenges.
According to a new report released by …Read More
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 …Read More
Cape Town – 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 …Read More
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, …Read More
The matric class of 2015 is facing the stark reality that fewer than four in every 10 matriculants are going to get jobs, according to Neil Roets, CEO of debt management firm Debt Rescue.
This means close to 500 000 unemployed youths will …Read More