Cape Town – The projected decrease in the price of petrol of between 19 and 25 cents a litre predicted by economist Dawie Roodt should not serve as an incentive for consumers to go out and spend money they don’t have. Roodt said depending on the price of crude oil and the Rand US Dollar […]
Johannesburg – The agreement by cabinet to implement a credit amnesty brings South Africa one step closer to a major crisis in the credit industry, according to Neil Roets, CEO of national debt counselling firm, Debt Rescue. The credit amnesty will see credit bureaus removing adverse credit information, especially on consumers who have paid their […]
Die kabinet se goedkeuring van ’n kredietinligtingsamnestie verlede week kan verbruikers wat reeds skuldprobleme het, net verder in die skuld dompel. Neil Roets, uitvoerende hoof van die skuldberadingsfirma Debt Rescue, sê die amnestie sal kredietburo’s boonop eintlik impotent maak. Hulle sal nie meer die kredietgeskiedenis mag hou van mense wat nie hul skuld betaal het […]
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 […]
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