State sets off credit bomb

2015-07-05 15:20

SA’s credit industry has been making the case for years that it needs to charge higher interest. In response, the dti wants to slash rates and fees

Cell C secures R3.3bn debt issuance

2015-06-26 13:00

South Africa’s third largest mobile network Cell C has raised €240m (R3.3bn) to fund the company’s capital expenditure and cash requirements.

Wake up call for SA's many borrowers

2015-06-25 18:26

South Africans are poor savers with only 20% of adults invested in a savings product from a formal financial institution – one of the lowest rates in the world.

Debt relief key as Greek bailout talks near deadline

2015-06-24 11:30

A deal between Greece and its international creditors is being held up by a standoff over the central issue of debt relief, says economy minister George Stathakis.

Greece's cash-for-reform proposals in a nutshell

2015-06-23 10:15

Greece has presented new reform proposals which its eurozone partners cautiously welcomed as a possible basis for an agreement to unlock bailout funds.

Finbond to appear before tribunal

2015-06-21 15:03

Customers who have borrowed money from FinBond could receive a refund after the National Credit Regulator announced that it had referred Finbond Mutual Bank (Finbond) to the National Consumer Tribunal for charging excessive credit life premiums.

ECB raises emergency liquidity for Greek banks

2015-06-19 15:41

The European Central Bank has raised the level of emergency funding for Greek banks by an unspecified amount following a request from the Bank of Greece.

Better to step out of the debt closet

2015-06-19 11:51

Many people struggle with debt, but few would admit that it was their own false perception of wealth that landed them in the debt trap.

Insistence on pension cuts would worsen crisis: Tsipras

2015-06-18 09:00

The 'blind insistence' on cutting Greek pensions will only worsen the country's already dire financial crisis, says Greek Prime Minister Alexis Tsipras.

Greece, creditors dig in after debt talks flounder

2015-06-15 16:17

Greece and its creditors have stuck to their positions after the collapse of talks aimed at preventing a default and possible euro exit.


Consumers pushed to knife's edge

2015-06-30 14:55

Consumers are about to be hit by various increases, pushing them more and more towards the edge of what they can bear financially, warns a debt expert.

SA banks face increased bad debt levels

2015-06-26 07:23

SA banks face increased bad debt levels and costs because of the country’s “own goals", including power cuts and the threat of a ratings downgrade, says an expert.

German business morale weakens in June

2015-06-24 12:00

German business morale has weakened in June, suggesting concerns about the Greek debt crisis are hitting the mood in corporate boardrooms.

Small savings pay big debts

2015-06-23 11:45

We often have the feeling that money is disappearing into a void. It is. And you can put a stop to it.

Greece offers new proposals to avert default

2015-06-23 09:15

Greece has taken a step back from the abyss with the presentation of new budget proposals that eurozone leaders welcomed as a basis for a possible agreement.

Fewer borrowers in court over debt

2015-06-19 16:16

A drop in civil summonses issued for debt in the past year reveals a positive sign for over-indebted consumers in South Africa.

Debt 'professionals' were part of my problem

2015-06-19 14:17

Despite trying debt management and voluntary sequestration, this Fin24 user had to take matters into his own hands to take control of his debt situation.

Greece deal possible if it meets reform pledge: Merkel

2015-06-18 10:45

Chancellor Angela Merkel says a deal with Greece is still possible provided the country is willing to follow through on promises made to creditors earlier this year.

Nene cautions on growing government debt

2015-06-17 14:23

SA's net debt as a percentage of GDP has grown from 21.8% at the start of the financial crisis in 2008/09 to 40.8% in 2014/15, Finance Minister Nhlanhla Nene says.

When a death leads to debt

2015-06-15 07:53

In spite of a relatively high penetration of funeral polices, the cost of death in families is plunging many salary earners into serious debt situations.

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