Municipal debt could escalate beyond R9bn – Singh

2017-06-14 13:28

Eskom CFO Anoj Singh believes the current municipal debt will in all likelihood escalate, which could result in another tariff cycle to try and mitigate the debt situation.

Moody's: SA's credit rating strengths and weaknesses

2017-06-12 16:39

Moody’s lead sovereign analyst for South Africa Zuzana Brixiova reveals what counts for and against South Africa after its decision to downgrade South Africa’s credit rating.

Gigaba: 9 SOEs have debt of close to R700bn

2017-06-07 07:30

Nine state-owned entities racked up debt of close to R700bn in the 2015-’16 financial year on which they had to pay R51bn worth of interest, says Finance Minister Malusi Gigaba.

Majority of motorist still not paying e-tolls

2017-06-06 06:01

Only about 30% of invoices generated to motorists who use Gauteng’s toll roads have been paid over a 24-month period, a response to a Parliamentary question revealed.

Govt's debt forgiveness plan 'dangerous', warns CEO

2017-06-05 20:35

Government’s intention to implement a debt forgiveness programme for over-indebted households poses a major threat to the financial sector, says a debt review expert.

Torn between credit card and bond repayments

2017-05-26 20:41

A Fin24 user is not sure which way to go to reduce his debt.

China downgrade may build debt mountain

2017-05-24 15:45

The downgrade of China’s debt by Moody’s Investors Service may push Chinese companies to borrow even more money from domestic banks, increasing risks for the finance industry.

Retail environment remains tough

2017-05-21 06:29

The environment in the local retail sector was “very tough” and there was talk of the current situation being the worst since the 2009 recession, Kirsty Laschinger, an Investec retail analyst, said this week.

Astral reprieve doesn't absolve municipality from debt - Eskom

2017-05-04 13:28

Eskom says its settlement guaranteeing uninterrupted power supply to poultry producer Astral Foods doesn’t usurp its constitutional right to recover debt from owing municipalities.

China's $1.4trn debt wall seen forcing issuance rise

2017-04-13 09:45

China’s bond issuers, faced with $1.4trn of maturing debt this year, are stepping on the gas.


Tips to stay afloat in tough economic times

2017-06-14 11:42

The current economic environment in South Africa is tough, to say the least. finweek contributor Marcia Klein explains how to ensure that your salary, savings and investments are managed effectively in such a climate.

Consumers face debt crisis as recession grips SA

2017-06-09 16:47

South African consumers face a debt crisis after the country entered a technical recession in 2017, says Debt Rescue CEO Neil Roets.

WARNING: Bleak economic indicators to hit consumers hard

2017-06-06 22:30

Consumers are fighting a losing battle against the rising cost of living, warns an expert amid a barrage of bleak economic indicators.

Silver lining for Stuttafords staff

2017-06-06 05:00

Although disappointed that Stuttafords is in a winding down process, chief executive Robert Amoils said he is glad the retailer could at least pay staff their full retirement packages.

Further downgrades expected - economists

2017-06-05 16:41

Standard & Poor’s negative outlook indicates that further downgrades may be on the cards for South Africa’s sovereign debt, say economists.

Eskom to borrow R50bn a year in debt financing - analyst

2017-05-26 08:44

Eskom, which has about R350bn of debt financing and net debt of around R320bn, is expected to borrow about R50bn gross per year going forward, says an analyst.

No magic bullet to improve junk status - Gigaba

2017-05-23 19:37

South Africa’s debt has grown since the financial crisis of 2008 and there is no “magic bullet” to improve South Africa’s junk rating, says Finance Minister Malusi Gigaba.

Greek economy limps onto launchpad after late-night vote

2017-05-19 12:28

Greece’s latest economic reforms will be key to winning debt relief that unleashes years of pent-up investment and finally ends its economic crisis.

Cash-strapped homeowners turn to loans to pay bonds

2017-04-26 07:46

Hard-pressed South Africans are so fearful of losing their homes that they are turning to unsecured debt at increasing costs to service home loan repayments.

SA’s shocking debt spiral: Some forced to pawn cars

2017-04-10 20:52

South Africans are so deep in debt that most of them have no idea how to get out of it, forcing the most desperate to pawn their cars.

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