Debt management company Debt Rescue has warned that consumers are in for a very rough ride.
Statistics South Africa announced today that the country is in recession, after the economy shrank by 0.7% in the first quarter.
“It is highly likely that ratings agency Moody’s would downgrade …Read More
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South Africans were the biggest borrowers in the world in 2014. That’s according to a report issued by the World Bank.
Debt Rescue also reports that citizens use more than half of their salary to pay …Read More
Consumers are going to be squeezed even tighter next month with another hike expected in the price of fuel.
Neil Roets, CEO of debt counselling firm Debt Rescue, says petrol is expected to increase by 42 cents, while diesel is expected to be …Read More
The festive season has kicked off with some much needed financial relief for holiday makers after the fuel price decrease and stable credit ratings news.
According to Debt Rescue the drop in the fuel and diesel prices, as well as the decision by …Read More
Roets also urged consumers to rather save their Christmas bonus and use it to pay school fees and other accounts.
The drop in fuel price that comes into effect at midnight on Tuesday and recent decisions by the three main sovereign rating agencies …Read More