The Citizen

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

Fiscal deficit: Mboweni may increase taxes Danger of consumers using fuel price decrease as an excuse to start spending. he recent fuel price drop that was favoured by the good performance against the US dollar could be undermined by a tax increase, come from Finance Minister Tito  Mboweni’s mid-term budget, and the possibility that ratings… Continued

Government and Eskom debt is huge, ratings downgrade likely – Debt Rescue. Government corruption and mismanagement are to blame for the dire situation consumers face due to the fuel and electricity increase implemented this week. Experts said the electricity hike on Monday and petrol hike yesterday would hit consumers and businesses hard. They predicted that… Continued

Another fuel price drop may only be a temporary reprieve. The country may start the new year positively with a fuel price decrease scheduled for tomorrow, but a tough year is awaiting South Africans, with a series of price hikes that may send the economy into a tailspin. Investors will not jump to invest after… Continued

The fact that the gov­ern­ment has by ar­ti­fi­cial means sup­ported the fuel price to keep it well be­low the 23c-25c a litre that had been ex­pected will come back to haunt con­sumers in months to come says econ­o­mist Dawie Roodt. “There is a set for­mula that the en­ergy depart­ment and econ­o­mists use to cal­cu­late the… Continued

Neil Roets A growing number of deeply indebted consumers are getting themselves into financial trouble by “investing” in cryptocurrencies such as bitcoin and Ripple. I was amazed when the first clients started applying for debt counseling who had been driven to the brink of bankruptcy by buying into get-rich-quick schemes involving cryptocurrencies. Some of them… Continued

Index shows SA is one of world’s most indebted countries. With major price increases for food and other essential commodities on the cards as well as a continued sluggish growth rate predicted for the new year, South Africans are in for a rough ride in 2018. Neil Roets, CEO of debt counselling company Debt Rescue,… Continued

– Deeply indebted consumers should think long and hard before plunging themselv es even deeper into debt by splurging on luxury goodson Black Friday. Often deals offered by major retailers seem so good that consumers throw caution to the wind and blow their entire Christmas budget on expensiv e items such as high-end TVs and… Continued

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