The New Age

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

Johannesburg : School’s out for the class of 2015, but the struggle to find a job is only just beginning, with a bleak future ahead for as many as 60% of matriculants who will not easily find paid employment. Most available jobs are at the low end of the service industry, such as restaurants and […]

When the going gets tough, the tough get going, but as far as South African retailers are concerned it’s more a case of when the economy is tough, they become more cunning. Many retailers are finding innovative ways in their bid to lure cash- strapped consumers to part with their hard earned cash and in […]

As the number of people battling over-indebtedness increases, consumers have been warned to be careful about over-spending during the festive season. Statistics by the National Credit Regulator (NCR) showed the number of people with impaired credit records or in arrears with their accounts stands at 10.26 million. Neil Roets, CEO of Debt Rescue, cited lack […]

The 47 cents per litre petrol price increase due to kick in on Wednesday, the rise in electricity tariffs and an almost certain rate hike by the Reserve Bank later in the year were going to have a devastating impact on consumers, CEO of Debt Rescue, Neil Roets, said on Tuesday. In a statement, Roets […]

TI IE expected price increase in the price of petrol by about 80c a litre as well as a sub¬stantial increase in the cost of electricity is going to hit the consumer like a ton of bricks. Independent economist Dawie Roodt said the fuel price increase was largely due to the weakening rand and the […]

SA warned not to blow bonuses, 13th cheques when cancelling debt should be the priority BERNARD SATHEKGE WHILE economic activity has been lacklustre and unemployment remains high. South African consumers seem to be preparing for another festive season spending spree which reflects an attitude described by analysts as “disturbing and irresponsible”. According to Deloitte’s Year-End […]

PETROL and diesel will drop significantly in price, by 45c/l and 61c 1 respectively, on Wednesday, bringing some respite to battling consumers with high household debt levels. The Department of Energy announced a drop in all grades of petrol and diesel, with both 95 and 93 octane coming down by 45c 1 while the price […]

Consumer debt will remain high despite the upcoming drop in fuel prices, a debt counsellor said on Monday. “The drop in the retail price of petrol of 45 cents a litre on Wednesday will bring welcome relief to deeply indebted South Africans, but the overall indebtedness of consumers remains a problem,” Debt Rescue CEO Neil […]

Consumer impaired records not improving on the back of rising living costs and debt THE National Credit Regulator (NCR) is concerned over the credit health of South African consumers, given the continued rise in a number of impaired records on the back of rising living costs and debt, which have squeezed disposable income. This resonated […]

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