MONEY TALK

South Africa's best financial advice, research, how-to's, and insights

Proposed changes in court rules that will make it impossible for creditors to sell the homes of defaulters for a pittance, still leaving them deep in debt and homeless, would greatly alleviate the suffering of deeply indebted South African consumers. This is according to Neil Roets, chief executive of Debt Rescue, who said it had […]

Johannesburg – Increased fuel prices will push already debt-ridden consumers into poverty, said Neil Roets, CEO of debt management firm in South Africa, Debt Rescue, in a statement on Thursday. The projected increase in the petrol price of around 30 cents a litre in early March is likely to push the fuel price to an […]

Cape Town – The projected increase in the petrol price of around 30 cents a litre is going to peg the fuel price at an all-time high of about R14.20 to the litre. This is going to add to the woes of deeply indebted consumers, warned Neil Roets, CEO of Debt Rescue on Thursday. The […]

Consumers have been dealt another blow this after the Department of Energy announced a huge increase in the petrol price. The latest hike will see motorists paying 39 cents more for a litre of petrol, taking the price within an earshot of R14 a litre. Diesel will rise by 24 cents while paraffin will go […]

The interest rate increase announced by Reserve Bank Governor Gill Marcus yesterday is going to negatively impact on poor and middle class consumers because it will increase prices of goods and services across the board. This is according to Neil Roets, CEO of debt management firm Debt Rescue. Roets said the increase in the repo […]

Cape Town – Proposed changes in court rules, that will make it impossible for creditors to sell the homes of defaulters for a pittance, would greatly alleviate the suffering of deeply indebted SA consumers, said Neil Roets, CEO of Debt Rescue. Roets said it had become common practice, especially for banks, to sell off property […]

Proposed changes in court rules that will make it impossible for creditors to sell the homes of defaulters for a pittance still leaving them deep in debt and homeless would greatly alleviate the suffering of deeply indebted South African consumers. Neil Roets, CEO of one of South Africa’s largest debt management firms, Debt Rescue, said […]

Cape Town – An expected huge hike in the price of petrol will have profoundly negative consequences for deeply indebted consumers, an expert said on Tuesday. Fin24 reported that petrol could increase by as much as 32c per litre (c/l), according to data from the Automobile Association of South Africa (AA). Petrol is showing a […]

Gauteng – E-tolls are driving consumers further into debt, say debt management firm Debt Rescue: “In the majority of cases it was mounting toll fees and the aggressive attitude of SANRAL’s collections department that scared consumers into seeking help” said Debt Rescue CEO Neil Roets on Tuesday. According to Roets the last two weeks had […]

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