Interest Rate Cut in Brief: Experts Split on the Best Path Forward Experts remain split on whether the South African Reserve Bank’s Monetary Policy Committee (MPC) will announce another interest rate cut this Thursday, with differing views on economic stability and inflation risks. Neil Roets, CEO of Debt Rescue, questions whether another rate cut would […]
Budget 2025 in Brief: What It Means for Consumers The revised budget increases VAT by 0.5% this year and another 0.5% next year, while personal income tax brackets and medical credits remain unchanged, effectively raising the tax burden on consumers. Despite no fuel levy increase, excise duties on alcohol and tobacco will rise above inflation, […]
South Africans hoping for financial relief were left disappointed by the latest petrol price cut. Neil Roets, CEO of Debt Rescue, has dismissed the 7-cent decrease as “the extension of an olive branch” that will quickly disappear amid rising costs. Rising Costs and Impossible Choices With a 12.7% electricity tariff increase set for April 1st, […]
Many South Africans worry about being “blacklisted,” but what does that actually mean? Annaline van der Poel, COO of Debt Rescue, joined Metro FM to clear up the confusion and explain what steps you can take if your credit record has been affected. What Does “Blacklisted” Really Mean? Annaline explains the reality of negative credit […]
Consumers Already Struggling Under Financial Pressure Neil Roets, CEO of Debt Rescue, has warned that increasing VAT would be devastating for consumers who are already struggling to afford essentials like food, transport, and electricity. “A VAT hike in the current economic climate would be catastrophic. Consumers are drowning in debt, and increasing VAT would push […]
Neil Roets, CEO of Debt Rescue, told Business Report ( IOL) that South African consumers are under increasing financial strain due to rising fuel and electricity costs, combined with the slow pace of interest rate reductions. While the cost of living is rising at a slower rate, he noted that this offers little relief to consumers, as […]
Neil Roets, CEO of Debt Rescue, warns that the latest petrol and diesel price increases will push South Africans deeper into financial distress, making it even harder for consumers to keep up with the rising cost of living. Petrol 95: Increase of 82 cents per litre, bringing the price to R22.41 per litre Petrol 93: […]
Neil Roets, CEO of Debt Rescue, says that while South Africans may have made it through Janu-worry, the burden of rising costs is far from over. The latest petrol price hike will only tighten the grip of debt on households, leaving many with no way out. For the most vulnerable, who are already struggling to […]
Neil Roets, CEO of Debt Rescue, has warned that South Africans are in a dire financial crisis, with little relief in sight. “The scenario is grim for the man on the street and has been since the Covid-19 pandemic decimated the economy five years ago. With the dawning of each new year, things get worse […]
Annaline van der Poel, COO of Debt Rescue, joins Gareth Edwards on eNCA to discuss whether this small reduction will bring real relief to over-indebted consumers, or if it’s simply not enough. While any cut is welcomed, Annaline argues that rising fuel and electricity costs will quickly cancel out any savings, leaving consumers still battling to […]
We look forward to the opportunity to get you debt-free!
You can start your application process already. Simply download your assessment or fill in our online application and get one step closer to becoming debt-free with Debt Rescue!
