Sowetan


The industry’s top experts offer their best advice, research, how-to’s, and insights

Tomorrow marks exactly a year since President Cyril Ramaphosa the Covid-Igenforced national lockdown: and since then a trail of economic devastation and jobs bloodbath continue to haunt many South Africans. When Ramaphosa announced the initial 21—day Lockdown, SA’s Covid-19 infections had spiked from 61 to 402 in a space of eight days and a drastic… Continued

Good financial health may be hard to achieve, but it is not impossible, especially if people are taught how to manage their money from a young age. With this in mind, the Consumer Financial Education Foundation (Confef) and Ithala SOC Limited have started teaching schoolchildren how to better manage their finances through a newly-launched financial… Continued

The decision to drag Finance Minister Pravin Gordhan to court will have directly impact on the poorest of the poor and on the millions of deeply indebted South Africans consumers‚ according to Neil Roets‚ CEO of debt management company Debt Rescue. He said the fact that the government had decided to go ahead with legal… Continued

While the increase in the price of diesel between 62 cents and 63 cents 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. Roets said… Continued

Matric class of 2015 facing grim jobs reality 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 be joining the ranks… Continued

The year 2016 holds a dire outlook for consumers, debt experts warned on Monday. Referring to building cost pressures on severely strained consumers, DebtSafe MD Wikus Olivier told Fin24 their only means of survival will be to adopt and cultivate a simpler lifestyle. Over and above the usual factors that impact consumers’ pockets, such as… Continued

The 25 basis point increase in the repo rate announced by the Reserve Bank could push food inflation as high as 10% with catastrophic results for deeply indebted South Africans. That’s the view of Neil Roets‚ CEO of one of the largest debt management companies in South Africa‚ Debt Rescue. He said the combination of… Continued

While there has been widespread rejection to the revised e-toll tariffs announced on Wednesday‚ a large debt counselling company said they “will bring welcome relief to hard-pressed consumers”. Deputy President Cyril Ramaphosa said that road users in Gauteng will pay up to 50% less a month‚ while those with outstanding amounts owed to the South… Continued

ELECTRICITY consumers might have to dig deeper into their pockets should Eskom’s tariff hike application be granted. The electricity generator applied to the National Electricity Regulator of South Africa (Nersa) for a 25% tariff increase, citing that it was running at a loss. Eskom spokesman Khulu Phasiwe said it had taken the cue from Finance… Continued

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