The surprise victory by Donald Trump in the US presidential race could have negative consequences for indebted SA consumers. Trump’s uncertain policy stance will upset the establishment in Washington to the point that nobody knows exactly which direction he will follow, said Debt Rescue CEO Neil Roets in a statement on Wednesday. Roets said this… Continued
Consumers could be digging deeper into their pockets soon with fuel and food prices expected to increase even further. Some analysts are predicting a petrol price hike of around 18 cents a litre next month while the price of red meat could spike by between 50% and 60%. Debt Rescue’s Neil Roets says consumers find… Continued
This follows a report released by Trans Union this week which shows that millions of South Africans are increasingly struggling with debt. Debt Rescue’s Aneline van der Poel says over half of the current credit active population are considered to be in arrears with their accounts or over-indebted. de Poel says this is higher in… Continued
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