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.
In this Ronel Talks Money interview we discuss debt review / counselling. Why do people end up having too much debt? When should you seek help when you have too much debt? What would a debt review process entail and what are the costs involved? I talk to Neil Roets, the CEO and founder of
More and more consumers are struggling after the financial difficulties Covid-19 has imposed on the South African economy. Yilungelo Lakho interviews Neil Roets and finds out more about how the debt review process works. Neil explains how debt review can help consumers pay back their debts in an affordable way without the risk of having
“Half of all credit-active consumers were over-indebted before lockdown with at least 3 payments in arrears on one of their accounts”, says Neil Roets. Neil cautions consumers to consider pitfalls of payment holidays offered by SA banks.
The significant reduction in petrol price of R1.74, as well as the reduction in diesel price R1.66, will make a huge difference in the life of consumers, however, the relief will only be temporary. The lockdown was handled very well by South Africa’s government and it was very much needed but we have reached a
Die ekomonie staan tans stil, wat ‘n negatiewe impak op elke huishouding het. Talle sukkel om hul skuld te betaal en reeds 2 uit 5 mense het aansoek gedoen vir verligting vanaf krediteure. Neil Roets vanaf Debt Rescue waarsku verbruikers om steeds hulle skuld te betaal as hulle kan, en nie verdere lenings aan te
The coronavirus pandemic outbreak, which has claimed thousands of lives globally, has introduced us to new ways of doing things, some uncomfortable but necessary to curb its spread and save lives. However, there are also some “positive habits” that might be helpful to normalise and embrace past the lockdowns and pandemic. Below are a few
Een van die positiewe gevolge van die COVID-19 pandemie is die reserwebank se besluit om die rente koers met 100 bases punte te sny. Die Suid Afrikaanse reserwebank het die voorbeeld van talle ander lande se sentrale banke gevolg en die rentekoerse met 1 persentasie punt gesny. Dit is gedoen in ‘n poging om aan
Almost half of credit consumers in SA are behind on payments Bad debt soars as people in South Africa are spending money they don’t have. After Cyril Ramaphosa announced a state of disaster, photos and videos of people clearing the shop shelves have gone viral. Debt Rescue was already preparing for a very busy year
Moody’s rating next month is widely expected to be a downgrade to junk. Consumers must avoid falling into a debt trap “like the plague” as the possible downgrade of South Africa’s credit rating by Moody’s next month could undermine the December petrol decrease and the recent Reserve Bank repo rate reduction, experts said. Efficient Group’s
Black Friday: A big sale is coming Experts have called on consumers to think twice before going on a spending frenzy before and on Black Friday. With just over 2 weeks to go, stores have already started advertising specials online. Consumers who cannot resist the Black Friday temptation have been advised to plan their purchases
