The 22c a litre drop in the price of fuel on Wednesday will provide a bit of breathing space for heavily indebted consumers. The wholesale price of diesel, meanwhile, will drop by 23.58c a litre and that of illuminating paraffin by 10c a litre. Neil Roets, CEO of Debt Rescue, said the price decrease will […]
A fuel price decrease will lighten the burden for heavily-indebted South Africans, a debt management firm said on Monday. “South Africa is a deeply indebted country with the total consumer debt totalling R1.47 trillion,” Debt Rescue CEO Neil Roets said in a statement. The decrease, announced by the energy department on Friday, would however have […]
Johannesburg – A fuel price decrease will lighten the burden for heavily-indebted South Africans, a debt management firm said on Monday. “South Africa is a deeply indebted country with the total consumer debt totalling R1.47 trillion,” Debt Rescue CEO Neil Roets said in a statement. The decrease, announced by the energy department on Friday, would […]
Cape Town – It is not true that the decrease in the petrol price is as a result of the upcoming elections, according to the energy department. It announced on Friday that the petrol price will decrease by 15.0 cents a litre (c/l), while diesel will drop by 29.78 c/l in Gauteng. Also seeing a […]
Cape Town – About the time the shops start filling with tinsel and other Christmassy trinkets, my inbox fills up with e-mails from people complaining about being harassed, out of the blue, by debt collectors demanding that they pay a seemingly “thumb-sucked” amount. Can collectors contact you many years after you last had dealings with […]
Thousands of middle class consumers who were able to work their way up from dire poverty thanks to their involvement with Lonmin by providing goods and services to the mining giant as well as to the 80 000 miners are facing bankruptcy because of the protracted miners’ strike. Neil Roets, CEO of Debt Rescue, one […]
Johannesburg – Applications for debt counselling are increasing at an alarming rate and with higher petrol and food prices as well as a weaker rand, the outlook for debt-ridden consumers is bleak. DebtBusters CEO Ian Wason said consumers only apply for debt counselling when it is almost too late. “Before signing up for debt counselling, […]
ONE of the clauses in the National Credit Amendment Bill, which is due to be signed into law by President Jacob Zuma shortly, will have a significant effect on the way debt is collected and passed on. The law will prohibit the sale by credit providers of prescribed debts arising from credit agreements. Periods of […]
Cape Town – Consumers who are neck deep in debt are set for another windfall, with legislation in place to make it illegal to collect debt that is more than three years old South Africans with paid-up default judgments against their names at credit bureaux had their adverse records cleared on April 1 and now […]
Sowat 5,7 miljoen verbruikers kan bevoordeel word deur die kredietinligtingsamnestie wat op 1 April in werking tree. Dit is volgens die jongste kredietburoverslag vir die kwartaal tot einde Desember se inligting wat toon sowat 5,7 miljoen verbruikers is op die sogenaamde “swartlys”. Dit is verbruikers wat ’n hofbevel oor skuld op hul naam het of […]
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