Two-Pot Retirement System with Annaline van der Poel on OFM  Learn about the new two-pot retirement system with Annaline van der Poel, from Debt Rescue. In this interview, Annaline explains the upcoming changes set to take effect from September, which will allow employees to withdraw up to one-third of their pension funds before retirement. This significant shift aims to provide financial relief amid economic uncertainties, but it also raises concerns about long-term financial security. Annaline discusses the balance between immediate financial relief and the potential risks of diminishin ..read more

The Double-Edged Sword of Early Retirement Fund Withdrawal In a thought-provoking interview with Annaline van der Poel from Debt Rescue, the complex issue of early retirement fund withdrawals is discussed. Annaline talks about the alarming trend of employees resigning to access their retirement funds early, primarily to pay off debts. She warns that while such withdrawals might provide immediate financial relief, they often lead to significant long-term repercussions, including the depletion of essential capital meant for retirement.  Consider your Financial Decisions The conversation emp ..read more

As South Africa prepares to implement the two-pot retirement system in September, millions anticipate the opportunity to access their retirement savings early. In February, the South African Parliament approved the Pension Laws Amendment Bill, which, pending President Cyril Ramaphosa’s signature, will be enacted from September 1. The legislation allows employees facing financial hardships to withdraw one-third of their pension funds before retirement, with the remainder preserved until they retire. This reform is designed to enhance retirees’ financial security by encouraging increased savings ..read more

For many South Africans, debt is more than a financial burden. It’s an emotional one as well. Owing substantial amounts can eat up a large chunk of your monthly salary.  Being over-indebted often forces you to cut back on essentials like groceries, fuel for your car, or the simple pleasures your children wish for, because you simply cannot afford them. There is a solution that can offer immediate relief, a highly regulated process called debt review. Debt review is a process designed to assist South Africans struggling with debt.  The process ensures that you can manage your repayme ..read more

South Africa faces a critical juncture in its food security as adverse weather conditions and a recent petrol price hike threaten agricultural production. The Agricultural Business Chamber of South Africa highlights suboptimal moisture levels during the pollination stages of key summer grains like maize, sunflower seed, and soybeans, potentially leading to decreased yields. Debt Rescue CEO Neil Roets underscores the detrimental impact of petrol price increases on farmers, who heavily rely on diesel for essential operations. The Department of Mineral Resources and Energy’s announcement of a s ..read more

Written by Mervyn Naidoo Durban — Finance gurus have sounded the alarm bells, warning consumers not to throw pennies at “pigs”. Instead, they should keep their “eyes wide-open” and take every caution before committing to investments, especially ones promising lucrative returns. This after the National Prosecuting Authority’s (NPA’s) Asset Forfeiture Unit (AFU) secured a court order to preserve over R4.3 million in the bank account of the Durban-based Piggy Farm Trading (Pty) Ltd earlier this week. The NPA suspects that Piggy Farm Trading’s purported sale of pigs could be a Ponzi scheme. Also t ..read more

SABC 1 Discusses the Debt Review Process with Debt Rescue’s Annaline van der Poel. Debt review is a process to help people who are struggling to repay their debts. Watch this video to better understand the Debt Review process and the alternatives over-indebted consumers should consider ..read more

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Increases on petrol prices and electricity tariffs put strain on South African Consumers’ household budgets, forcing some to rely on credit for basic needs. Debt Rescue’s Annaline van der Poel warns how this trend could worsen ..read more

Does Debt Review Hurt Your Credit Score? Dealing with debt is daunting! But debt review offers an affordable way to get out of debt, once and for all, while providing immediate financial relief. It’s a common concern among many South Africans that going under debt review could potentially negatively affect their credit score. Don’t let this deter you from reaching out to a registered debt counsellor. To make informed decisions about your financial health, it is important to understand what happens to your credit report when you go under debt review. How does Debt Review Impact Your Credit Scor ..read more