Stay informed with the latest news and expert opinions from South Africa’s leading news agencies. Debt Rescue’s CEO Neil Roets and Debt Rescue’s COO, Annaline van der Poel, shares economic insights, explains how debt review can help over-indebted consumers, and valuable financial advice. From expert interviews to breaking news, this page brings you honest discussions about money, debt counselling, and actionable tips to help you take control of your debt.
Many respondents worry they cannot cope with another rate hike, and nearly half are unsure how they would manage. Two-thirds fear falling behind on debt obligations if borrowing costs increase further.
A Debt Rescue survey reveals that South African consumers are nearing a financial breaking point, with nearly half unable to cope with further interest rate increases and over two-thirds at risk of falling behind on debt repayments as rising borrowing costs combine with higher fuel and living expenses.
A new debt rescue survey highlighting consumer anxiety over rising interest rates. Many respondents worry they cannot cope with another rate hike, and nearly half are unsure how they would manage. Two-thirds fear falling behind on debt obligations if borrowing costs increase further.
Debt rescue expert Annaline van der Poel warns that half of consumers could face severe strain if interest rates rise. She highlights the impact of high living costs and debt burdens on household budgets.
Annaline van der Poel from Debt Rescue reports that nearly half of survey respondents don’t know how they would cope financially if interest rates rose, revealing that South African households are reaching the limits of their financial resilience after absorbing repeated increases in borrowing costs and living expenses.
South Africans face growing financial pressure from rising fuel costs, debt repayments, and living expenses, making debt rescue increasingly difficult.
Debt Rescue says the mixed fuel adjustment comes at a time when households are already under severe financial pressure worsened by recent interest rate increases.
Highlights the growing financial pressure facing South African consumers. The CEO of Debt Rescue notes that many households no longer have room in their budgets to meet debt repayments due to rising living costs. A recent survey found that nine out of ten respondents are experiencing serious financial strain, with many being forced to cut
Neil Roets reports that South Africa has achieved significant gains in basic services, with sanitation access rising to 84% and electricity access exceeding 90%, though deep inequality persists between urban and rural households.
Debt Rescue is urging consumers to adopt smarter fuel-saving habits following a significant increase in petrol and diesel prices. The company encourages measures such as carpooling, fuel-efficient driving, and making use of loyalty or rewards programmes to help ease the growing financial pressure on households.
