Debt Rescue’s latest survey reveals that 86% of prepaid electricity users in South Africa can no longer afford power costs, leaving many households forced to choose between electricity and food. CEO Neil Roets warns that this signals a deepening affordability crisis, especially as winter approaches and electricity demand increases.
Neil Roets, CEO of Debt Rescue, welcomed the withdrawal of the VAT hike, calling it “vital and timely relief” for financially strained South Africans. He said the VAT increase would have pushed many families to breaking point. Roets added that the revised Budget has strengthened SARS’s ability to close the tax gap and improve compliance […]
Neil Roets, CEO of Debt Rescue, welcomed the drop in inflation to 2.7%, saying it brings a “glimmer of hope” to struggling South African households and strengthens the case for a potential interest rate cut. He explained that lower inflation reduces pressure on the Reserve Bank and expressed hope that rate relief might come before […]
In a recent interview with Smile FM, Annaline van der Poel discussed the findings of Debt Rescue’s latest national survey, highlighting how electricity hikes are pushing South African households past their financial limits. Van der Poel explained why Debt Rescue conducts these surveys: “We think it’s so critical to know what consumers are experiencing and […]
In an interview with Newzroom Afrika, Annaline van der Poel, Chief Legal Officer at Debt Rescue, shared alarming findings from their latest national survey. The results revealed that 86% of South African households are already cutting back on groceries and transport just to afford electricity, and this was before Eskom’s 12.7% tariff increase for direct […]
In a recent eNCA interview, Annaline van der Poel, Chief Operating Officer at Debt Rescue, painted a sobering picture of household finances in South Africa. Based on their latest national consumer survey, families are being forced to make impossible choices, with many unable to afford both electricity and food. Van der Poel revealed that 79% […]
In a recent interview with HOT Business with Jeremy Maggs, Neil Roets, CEO of Debt Rescue, discussed the organisation’s latest consumer survey. The survey revealed that 86% of South African households couldn’t afford electricity even before the April 12.7% tariff hike, painting a grim picture of consumer finances in the country. Roets warned, “It doesn’t […]
It’s desperate out there. That’s the stark warning from Annaline van der Poel, Chief Legal Officer at Debt Rescue, in her recent interview on Radio Islam. Speaking about the latest Debt Rescue survey, Van der Poel painted a worrying picture of how deeply the rising cost of electricity is affecting South Africans — especially heading into […]
In a hard-hitting panel discussion on VAT, inequality, and South Africa’s fiscal direction, Annaline van der Poel, Chief Operating Officer at Debt Rescue, offered a grounded perspective from the frontlines of household debt. She was joined by Professor Keith Engel, CEO of the South African Institute of Taxation and Wits University academic, and Yeshiel Panchia […]
A new Debt Rescue survey reveals that soaring electricity prices have left many South Africans in the dark—literally. The study found that 79% of consumers rely on prepaid electricity, often only buying what they can afford, which means some go without power before the end of the month. Even more concerning, 86% of respondents said […]
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