Concern for Over-Indebted Consumers Neil Roets, the CEO of Debt Rescue, is deeply concerned about the recent municipal electricity tariff increases. He sees firsthand the struggles of over-indebted consumers and understands how this new burden will weigh heavily on them. “Many households already spend a significant portion of their income on utilities and this will […]
Filling up your vehicle with 95 Unleaded petrol will be 99 cents cheaper per litre and R1 cheaper if you fill up with 93 Unleaded petrol. Unfortunately, Neil Roets, CEO of Debt Rescue believes that this decrease will have no significant impact on South Africans pockets. Pressure on Household Finances Roets said.”Citizens can barely afford […]
The latest Debt Rescue survey paints a grim picture of South Africans struggling to make ends meet amid the cost-of-living crisis. With 46% of consumers going without basic necessities each month and a household debt-to-income ratio projected to reach 65% in 2024, millions are living hand to mouth, unable to afford enough food or electricity. […]
Neil Roets, CEO of Debt Rescue, highlighted that South Africa’s National Credit Act is one of the most advanced systems globally for assisting over-indebted consumers. Proactive Debt Repayment He explained, “It assists over-indebted consumers to not remain in that debt spiral but to take a proactive step in finding a way to repay the debt. […]
Economically, times are tough, and many people need to tighten their financial belts. Statistics South Africa recently announced that the economy declined in the first quarter of 2024. With Youth Month coming to a close, People’s Post spoke to Debt Rescue, who shared some practical financial tips for young people. Budgeting and Discipline for Students […]
Annaline van der Poel, COO of Debt Rescue, discusses the financial struggles faced by many South Africans as living expenses rise and credit becomes more expensive. She explains how the lower-income groups are being hit the hardest and describes how debt review can help consumers manage their total debt profile, offering legal protection and restructuring […]
Limited Comfort from Petrol Price Cut According to Neil Roets, CEO of Debt Rescue, South Africans can be forgiven for not jumping for joy at the news of a humble petrol price cut. Roets stated, “The reality is that it is cold comfort for motorists and commuters who have been hit very hard with four […]
South Africans continue to face rising living costs, with national debt levels significantly higher than four years ago. Lower and middle income groups are especially struggling under this financial pressure. Debt Rescue’s Annaline van der Poel explains how the cost of debt impacts our daily lives. Are you struggling with debt while earning an income? […]
Neil Roets, CEO of Debt Rescue, commented on the recent inflation data, indicating that while the slight cooling in inflation is positive, it is unlikely to prompt the South African Reserve Bank (SARB) to cut interest rates in the near future. SARB’s Focus on Sustainable Inflation Control Roets explained, “The SARB’s focus is on ensuring […]
Neil Roets, CEO of Debt Rescue, highlighted the dire situation for South African consumers as the repo rate holds steady at 8.25%, providing no immediate relief. The South African Reserve Bank’s recent review indicates that interest rate cuts are not expected until the end of the year, further straining consumers already burdened by high inflation […]
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