South Africa can breathe a sigh of relief after receiving a reprieve from credit rating agency Standard & Poor’s Global Ratings late yesterday. The agency held the country’s foreign currency sovereign credit rating at BBB-, the lowest investment-grade rating, and kept its outlook negative. It was the last of the big three agencies to make… Continued
Battle for survival as jobs slashed, prices hiked RISING interest rates, petrol and food prices and a general increase in living costs are plunging consumers deeper into debt, with an increase seen in the number of people seeking debt counselling. Debt relief agencies across the country have seen an increase in debt review applications, receiving… Continued
CONSUMERS have been warned to brace them-selves for the im-pending double whammy of a fu¬el price hike and sharp elec¬tricity increases next month. A weak rand and a rise in the crude oil price are driv¬ing the cost of fuel up, says independent economist Dawie Roodt. The inflation descent is ex-pected to come to an… Continued
THE 45c a litre drop in the retail price of petrol will bring welcome relief to deeply indebted con-sumers, said Neil Roets, CEO of Debt Rescue, one of the largest debt counselling companies in South Africa. Roets has welcomed the 60c a litre reduction in the diesel price as both petrol and diesel prices have… Continued
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