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.
LESETJA Kganyago, governor of the Reserve Bank, yesterday announced a hike in the repo rate to 6,75%. This means the prime lending rate will now be 10,25%. The rand strengthened as Kganyago was speaking. Ahead of the announcement, debt experts warned that a hike in interest rates would be devastating for consumers. DebtBusters CEO Ian
The Reserve Bank has increased the interest rate by 50 basis points. Reserve Bank Governor Lesetja Kganyago made the announcement while delivering the central bank’s first monetary policy statement of the year in Pretoria on Thursday. “Given the deterioration in the inflation outlook, the MPC decided to increase the re-purchase rate by 50 basis points
Johannesburg : School’s out for the class of 2015, but the struggle to find a job is only just beginning, with a bleak future ahead for as many as 60% of matriculants who will not easily find paid employment. Most available jobs are at the low end of the service industry, such as restaurants and
JOHANNESBURG – South Africans are headed into the new year with a debt hangover that’s going to pound their heads far worse than any babbalas headache. And it’s not going to get better. Experts are warning that 2016 will be extremely tough on the pocket and that consumer debt is in a state of crisis.
The matric class of 2015 is facing the stark reality that fewer than four in every 10 matriculants are going to get jobs, according to Neil Roets, CEO of debt management firm Debt Rescue. This means close to 500 000 unemployed youths will be joining the ranks of the unemployed this year and mostly candidates
JOHANNESBURG – As the festive season comes to an end it is back to reality for consumers. Parents will have to spend big for the school year ahead and with the economy under pressure, 2016 is likely to be a difficult year for some. Economists are warning of tough times ahead and are urging consumers
The CEO of Debt Rescue, Neil Roets, has encouraged Gauteng consumers to draw up a budget and to stick to it. Tough times lie ahead for consumers in the province as the cost of living will from Wednesday become more expensive. The first phase of the new e-toll dispensation comes into effect on Thursday, coupled
