Cape Town -There has been a sharp increase in the number of deeply indebted consumers seeking help in the form of debt review following the introduction of toll fees. Debt Rescue CEO Neil Roets said the last two weeks had seen nearly double the number of clients seeking help compared to the same period last […]
Cape Town – While South Africans will be counting down the hours to celebrate the New Year, many will also have to fork out more for petrol. Efficient Group economist Dawie Roodt told Fin24 that he expected the petrol price to increase by between 30c and 49c a litre (c/l) in January. This is largely […]
Cape Town – The petrol increase is the final nail in the coffin for consumers following the activation of e-tolls and a warning of a possible taxi fare hike, according to experts. The price of both grades of petrol increased by 17 cents a litre (c/l) and diesel by 10.12 c/l at midnight on Tuesday […]
Johannesburg – It is very important for banks, and especially banks who operated in the unsecured lending space, to educate users of their financial products in order to mitigate the escalating debt crisis. Speaking at the FinScope South Africa 2013 presentation in Johannesburg, Neil Roets, CEO of Debt Rescue said it was clearly evident from […]
JOHANNESBURG – Economists say South African households are still battling and the drop in the petrol price will bring little relief. The Department of Energy announced on Friday that the petrol price will go down by 28 cents a litre from Wednesday while the price of diesel will drop between 15 cents and 17 cents […]
Cape Town – Four key reports have found that South Africa’s consumers are in for a rough ride, which is going to translate into more consumers falling ever deeper into the debt trap. Neil Roets, CEO of debt counselling firm Debt Rescue, said reports by the International Monetary Fund (IMF), the World Bank, the South […]
Four key reports have found that South Africa’s consumers are in for a rough ride which is going to translate into more consumers falling ever deeper into the debt trap. Neil Roets, CEO of one of South Africa’s largest debt counselling firms, Debt Rescue, said the reports by the International Monetary Fund (IMF), the World […]
Consumer impaired records not improving on the back of rising living costs and debt THE National Credit Regulator (NCR) is concerned over the credit health of South African consumers, given the continued rise in a number of impaired records on the back of rising living costs and debt, which have squeezed disposable income. This resonated […]
JOHANNESBURG – Analysts have expressed caution at the consequences of the imminent implementation of e-tolling would have on South Africans. The system is predicted to have a greater than expected effect on deeply indebted consumers and would force many middle class South Africans back into poverty, say analysts. A statement released by South Africa’s largest […]
JOHANNESBURG – Concerns have been raised that the imminent implementation of e-tolling could see a spike in the number of South Africans seeking debt counselling and could push middle class families into poverty. President Jacob Zuma has now signed into law a bill which frees up the South African National Roads Agency Limited (Sanral) to […]
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