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How Will South Africans Spend on Black Friday?

Will a 25 Basis Point Rate Cut Really Help?

admin by admin
February 4, 2025
in Debt
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Annaline van der Poel, COO of Debt Rescue, joins Gareth Edwards on eNCA to debate whether or not this small discount will deliver actual reduction to over-indebted shoppers, or if it’s merely not sufficient. Whereas any lower is welcomed, Annaline argues that rising gas and electrical energy prices will rapidly cancel out any financial savings, leaving shoppers nonetheless battling to make ends meet. 

Past rates of interest, Annaline talks about  the rising demand for debt counselling and why many South Africans worry in search of assist because of the stigma round debt evaluate. She explains how debt evaluate is a structured, authorized course of designed to assist folks defend their property, cut back repayments, and finally develop into debt-free.

For those who’re apprehensive about your funds or questioning whether or not you qualify for debt evaluate, this dialog is a must-watch.


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