Neil Roets, CEO of Debt Rescue, has cautioned that the slow pace of interest rate reductions is worsening the debt crisis for millions of South Africans. “Statistics reflect that the inflation rate remained below the midpoint of the South African Reserve Bank’s (SARB) inflation range of 3% to 6% for the fifth consecutive month in […]
Annaline van der Poel, Chief Operations Officer at Debt Rescue, has expressed deep concern during an interview on Smile 90.4 FM regarding the 12.7% electricity tariff increase, warning of its devastating impact on struggling South African households. “We know that last year when we conducted a survey on the impact of rising tariffs, consumers were […]
The South African Reserve Bank has cut interest rates by 25 basis points. While this move signals some relief, Debt Rescue CEO Neil Roets warns that the reduction is too small to make a real difference for over-indebted households. Speaking on Radio Islam, Roets comments that rising fuel prices and other living costs will quickly […]
The 25 basis point interest rate cut announced by the South African Reserve Bank (SARB) is a step in the right direction, but it falls far short of the relief needed for struggling consumers, warns Neil Roets, CEO of Debt Rescue. Speaking to Business Report, Roets explains that millions of South Africans remain trapped in […]
Neil Roets, CEO of Debt Rescue, stressed the importance of this week’s South African Reserve Bank (SARB) repo rate announcement, citing its impact amid global economic shifts. “While the predictions of a 25 basis point cut is welcome, the slower pace of rate reductions projected for 2025 signals ongoing challenges for South Africans. Globally, the […]
Rising inflation, high interest rates, and skyrocketing costs of essentials like food and electricity are stretching household budgets thin this new year. Annaline van der Poel, Chief Operating Officer of Debt Rescue, joined Heart 104.9 FM to share eye-opening statistics regarding their Januworry Survey and actionable advice on managing debt in these trying times. Debt […]
Debt Rescue’s latest Janu Worry Survey reveals that many South Africans are entering the new year under immense financial pressure. Annaline van der Poel, COO of Debt Rescue, shared on SAfm that 64% of South Africans are in debt and have no savings. Despite this startling number, 38% of households are prioritising saving money as […]
The rising cost of white maize has sparked serious concern, with Debt Rescue CEO Neil Roets. “Maize meal is not just a dietary staple; it is a lifeline for millions who depend on it for daily sustenance,” Roets said. With white maize prices already up 55% from last year, the projected increases are set to […]
The festive season, once a time of joy and connection, has been overshadowed by financial struggles for many South Africans. According to Debt Rescue’s latest Festive survey, 68% of households skipped holiday travel, while 62% blamed unaffordable fuel prices. Even cherished traditions like gift-giving were sacrificed, with 71% of respondents indicating they could not afford presents. […]
Debt Rescue CEO Neil Roets has raised concerns following the latest survey results, which reveal that 64% of South Africans are entering 2025 without any savings to fall back on. “It is a matter of plugging the holes and hoping for the best for most citizens,” Roets said, describing the financial precariousness many households face […]
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