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.
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
CEO at Debt Rescue, Neil Roets says South Africans don’t have a saving culture and that is resulting to debt. He says financial education should be the first priority among citizens to assist in their financial challenges. According to a new report released by Debt Rescue, middle-aged South Africans are the most indebted population group.
Motorists face another hike in the petrol price next month. The cost of the commodity will increase by 18 cents a litre. Petrol has increased by over R1 a litre in the last two months. CEO of Debt Rescue, Neil Roets says this will have a knock-on effect on the prices of all other commodities.
JOHANNESBURG – South Africans will need to start tightening up their pockets in the next few months with food and fuel prices expected to go up. The drought and the volatility of the rand have been blamed for their negative impact on imports. “The prolonged drought is the major factor but there are also other
