In The Press

The industry’s top experts offer their best advice, research, how-to’s, and insights

Cape Town – While motorists are paying the highest price yet for a litre of petrol, an economist warns that further hikes can be expected. Economist Chris Hart said consumers should brace for another increase owing to the high price oil. “International oil prices have been relatively strong at the beginning of this month and […]

Women are better at managing their credit than men and seek help from debt counsellors sooner than their male counterparts. These were the findings of an internal survey done by one of the largest debt counselling firms in South Africa. Neil Roets, CEO of Debt Rescue, said their findings were in line with those of […]

Cape Town – Women are better at managing their credit than men and seek help from debt counsellors sooner than their male counterparts, according to Neil Roets, CEO of Debt Rescue. This finding is in line with those of a survey conducted by the Credit Bureau Association (CBA), which found that women were significantly better […]

Cape Town – The probe into the alleged fraudulent issuing of garnishee orders is merely the tip of the iceberg of a nation-wide problem, according to Neil Roets, CEO of Debt Rescue. Recently four employees at the Palm Ridge Magistrate’s Court in Alberton were investigated in this regard. With some 20 million credit-active consumers collectively […]

Motorists can expect yet another increase in fuel prices. The price of all grades of petrol and diesel will go up next Wednesday with petrol increasing by 32 cents a litre and diesel will go up by 33 cents. Paraffin users will pay an extra 32 cents a litre. Government says the renewed unrest in […]

The number of young people in the 18 to 25 year age group who have become over indebted has grown significantly over the past year with more than 50% of these consumers battling to pay their debt. This is according to Debt Rescue, who have released a press release warning against the scourge of reckless […]

Consumers will bear the brunt of Wednesday’s fuel price hike and can expect a respite only next year, say economists. The price of petrol will increase by 32c a litre to R13.18 for unleaded at the coast, and diesel will go up by 33c to about R13.28. It will be the fifth fuel increase this […]

At R13.23 a litre for unleaded petrol, South Africans are paying R221 in taxes to fill up a 60-litre tank. According to financial services specialist Direct Axis the current petrol price has placed South Africa among the 60 most-expensive countries for petrol in the world – in position 41. Motorists pay R3.69 tax within the […]

SOUTH Africans living for years beyond their means on debt now owe R1.45-trillion in the form of mortgages, vehicle finance, credit cards, store cards, personal and short-term loans. Unsecured loans, taken out by people who don’t often qualify for credit and which must be repaid at heavy interest rates of up to 45%, grew sharply […]

JOHANNESBURG – Debt counselling firm Debt Rescue expects more newly arrived middle class consumers may be pushed back into poverty by the hefty fuel price increase effective from Wednesday. The energy department has announced the petrol price is going up 32 cents a litre, while diesel will cost 33 cents more. Debt rescue CEO Neil […]

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