SARB’s Interest Rate Cut Offers Minimal Relief

During an interview on SABC NEWS, Debt Rescue COO Annaline van der Poel expressed concern that the recent 25 basis point interest rate cut by the South African Reserve Bank (SARB) offers insufficient relief. She noted that it will not provide meaningful support to heavily indebted consumers. The rate cut brings the repo rate down

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The Financial Reality for Middle-Income South Africans

During a powerful interview on ENCA, Annaline van der Poel, COO of Debt Rescue talks about the financial hurdles that middle-income South Africans are facing everyday. If you are struggling to stretch your rands, this interview will offer you the advice you need. Here’s a glimpse of the conversation on ENCA: How bad is it

1 minute, 2 seconds

Newzroom Afrika

Rising Living Costs and Mounting Debt

South Africans continue to face rising living costs, with national debt levels significantly higher than four years ago. Lower and middle income groups are especially struggling under this financial pressure. Debt Rescue’s Annaline van der Poel explains how the cost of debt impacts our daily lives. Are you struggling with debt while earning an income?

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Newzroom Afrika

Strain on Household Budgets as Trend of Increases on Living Costs Worsens.

Increases on petrol prices and electricity tariffs put strain on household budgets, forcing some to rely on credit for basic needs.

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SABC 1 Discusses the Debt Review Process with Debt Rescue’s Annaline van der Poel

Debt Review Process with Debt Rescue's Annaline van der Poel. Debt review is a process to help people who are struggling to repay their debts.

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SABC 2

The financial Burden Furthers with Price Increases in Fuel and Utility costs.

Debt Rescue on of the biggest debt counselling companies in South Africa says the latest increase places an unprecedented strain over indebted consumers. it comes amid high interest rates and inflation which have been hard on households.

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Consumers to fall deeper into debt due to electricity tariff hike

By Liabo Setho Consumers are at heightened risk of falling even deeper into debt because of the latest electricity tariff hike by Eskom. As of the 1st of April, the National Energy Regulator of South Africa (Nersa) granted the power utility a 12% increase for Eskom direct users. Eskom had initially applied for a 32%

2 minutes, 45 seconds

eNCA Speaks to Annaline van der Poel About Increased Living Cost and The Rise in Debt Repayments.

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The Africa

Spike in debt counselling applications signaling economic struggles

South Africa’s prominent debt management company, DebtBusters, reports a 41% spike in consumers seeking debt counseling. Economic challenges, including soaring living costs, have left many individuals grappling to meet financial obligations. The rise in payday loans indicates a growing trend as consumers seek additional income sources to supplement their salaries. Factors such as high-interest rates, inflation

1 minute, 36 seconds

Most South Africans Working To Pay Debts

Seventy-five percent of the average South African’s salary goes towards paying off debt. That’s because the high interest rates from last year, have taken a toll. This week the Reserve Bank Governor announced that the repo rate would remain the same. CEO of Debt Rescue, Neil Roets speaks to the eNCA about this. Follow the

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