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.
While the new developments apply to consumers under debt review, PDAs might be out of business due to the disruption to payment distributions to creditors. Payment distribution agents (PDA) will be affected by consumers who request banks to reverse legitimate payments to credit providers. 702’s Stephen Grootes spoke to CEO of Debt Rescue, Neil Roets,
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
Rate increases by South Africa’s central bank have left at least 10 million people crippled by debt in a country where many people buy on credit. The result may be a further slowdown in South Africa’s slumping economy, which is now expected to grow just 0.9% in 2016. That would only aggravate the problem for
According to a Debt Rescue study, only about 23% of South Africans have money left at the end of the month before their next payday. The study finds that 86% of South Africans borrowed money in the year 2014. It also finds that South Africans between the ages of 31 and 45 collectively owe 53%
