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.
Annaline van der Poel from Debt Rescue discussing a survey finding that high living costs and festive season spending have left many consumers financially worse off and under extreme stress at the start of the year.
Debt Rescue found that nearly sixty percent of South Africans feel financially worse off in January after festive season spending, with many turning to credit or other coping strategies to get through the month.
Debt Rescue South Africa, states that people are dealing with significant emotional and financial challenges. The discussion then transitions to a conversation with a financial adviser about managing finances and New Year’s resolutions.
Debt Rescue found that January is an extremely stressful month financially for people in South Africa. The survey shows that over half of respondents regretted how much they spent on food, gifts, and going out during the festive season.
South Africans carry a very heavy financial burden despite some relief at the fuel pumps expected tomorrow, Annaline van der Poel of Debt Rescue says, the pressures facing households remain unchanged.
Annaline van der Poel warns people to think twice before taking on debt during the long stretch to payday in January, recommends budgeting and shopping for discounts and advises those who have overspent to seek financial advice.
Debt Rescue’s Annaline van der Poel says many employed South Africans support extended family, a reality made worse by the long-term effects of Covid-19. She says while family support is deeply rooted in South African culture, it often limits people’s ability to save, invest or manage their own debt. “Elderly parents might be supporting brothers,
A new Debt Rescue survey shows most South African households are under extreme financial pressure, prompting many to cut back on holiday celebrations.
Annaline van der Poel says 39% of people in the country claim they cannot afford to celebrate the festive season.
A survey conducted by Debt Rescue reveals that 94% of South African households are under severe financial pressure, compelling many to reduce or forgo their holiday celebrations altogether. A survey was conducted to determine the reality of consumer finances at this time of the year, which is traditionally known for increased spending and gift-giving, said Debt Rescue’s
