Annaline van der Poel, Chief Legal Officer at Debt Rescue, says South Africans are making serious sacrifices just to survive, with many households cutting back on food to afford electricity. Speaking to Newzroom Afrika, she explained that this is the second survey Debt Rescue has conducted in a year focusing on the impact of electricity […]
Neil Roets, CEO of Debt Rescue, says that while a small interest rate cut from the South African Reserve Bank would be welcome, it wouldn’t be enough to truly help consumers in distress. “Even a 25 or 50 basis point cut would barely make a dent,” Roets cautioned. “South Africans are already overwhelmed by rising […]
A recent Debt Rescue survey highlights that a growing number of South Africans are being forced to buy food on credit due to rising living costs and stagnant wages. In an interview with Newzroom Afrika, Chief Legal Officer Annaline van der Poel revealed that 86% of respondents are cutting back on groceries and transport to […]
When your livelihood depends on your vehicle, as it does for many taxi operators, the repossession of that vehicle isn’t just an inconvenience. It’s a devastating blow. A recent segment on SABC News brought this issue to the forefront, with Annaline van der Poel, COO of Debt Rescue, helping consumers understand what their rights and […]
This past Wednesday brought what many hoped would be a breath of relief: petrol prices dropped by 22 cents, with diesel and LP gas prices following suit. For the average motorist, it might not seem like a massive saving, but for families balancing on the edge of debt, every cent counts. Annaline van der Poel, […]
Ondanks die onlangse verlaging in brandstofpryse en ’n afname in inflasie, sê Annalien van der Poel, Bedryfshoof van Debt Rescue dat Suid-Afrikaanse verbruikers steeds geen werklike verligting ervaar nie. Die pryse van basiese kossoorte bly buitensporig hoog, en selfs wanneer afslag beskikbaar is, is dit nie genoeg om die impak van die afgelope jare se […]
Neil Roets, CEO of Debt Rescue, responded to the April 2025 Household Affordability Index with grave concern, warning that the figures reflect a “brutal truth”: millions of South Africans can no longer cope financially. He highlighted a growing trend where consumers are turning to credit cards and payday loans just to buy groceries, a clear […]
Despite a small decrease in fuel prices, Neil Roets, CEO of Debt Rescue, says South Africans remain under immense financial pressure. He warns that the marginal drop will make no meaningful impact for households still paying over R20 per litre at the pumps, as the true crisis lies in skyrocketing food prices, high interest rates, […]
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 […]
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