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.

No doubt S&P downgrade will impact consumers - credit bureau

2017-04-05 17:02

The S&P downgrade of SA's foreign currency debt is no doubt going to impact consumers, businesses and government, cautions credit bureau Compuscan.

S&P holds Eskom rating steady

2017-03-22 19:52

Standard & Poor’s has kept Eskom's credit rating at BB-, following more certainty of government support and the outcome of the Nersa ruling on tariff hikes.

Musk's own borrowing up as banks underwrite more Tesla debt

2017-03-17 09:10

As Tesla Inc. embarks on another effort to raise money, Chairman Elon Musk is also adding to his personal debts.

More consumers pawn cars to get loans

2017-03-12 12:25

The National Credit Regulator is concerned about the rising number of consumers who pawn their motor vehicles in order to obtain loans.

South Africans are the most indebted people in the world - debt expert

According to a World Bank report, South Africa is the most indebted country in the world. DebtBusters CEO Ian Wason shares some of the worrying figures. Watch.

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SA consumers felt less vulnerable late in 2016 - index

2017-02-10 18:37

South African consumers felt financially less vulnerable in the fourth quarter of 2016, as shown in the latest MMI Unisa Consumer Financial Vulnerability Index.

Paying off two credit cards

2017-02-02 21:07

A Fin24 user with two credit cards wants to know if he should get a consolidated loan to pay them off.

Fuel price hike will create toxic mix - debt expert

2017-01-25 19:57

An expected increase in the fuel price will create a toxic mix that is going to severely impact debt ridden South Africans, says a debt expert.


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.

Financing through debt

2017-04-10 17:28

Stretching a company's working capital through various forms of "good" debt can be the source of just enough extra cash needed.

Junk downgrade will hit debt-ridden consumers hard

2017-04-05 05:02

The S&P downgrade of SA's sovereign debt rating to junk status is going to have a massive impact on deeply indebted South Africans, says a debt expert.

Singapore's looming debt wall fuels concern

2017-03-20 09:32

Default fears are resurfacing in Singapore ahead of a wall of maturing corporate debt, as a US bankruptcy filing of a firm from the city flags lingering pain.

eMalahleni faces Eskom blackout

2017-03-13 06:13

Mpumalanga’s once-thriving town is swimming in debt as well as indebtedness, which it blames on maladministration and collusion

Everyone knows how Gordhan feels

2017-03-07 14:40

In his budget speech the finance minister was wrestling with a national debt challenge. The vast majority of South Africans are in the same space, says an expert.

CEO of debt counselling firm Debt Credit Matters Rodger Brown explains to Fin24 how the lack of employment opportunities is slowing down the economy.

CEO of debt counselling firm Debt Credit Matters Rodger Brown explains to Fin24 how the lack of employment opportunities is slowing down the economy.

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What is reckless lending?

2017-02-07 18:19

A Fin24 user wants to know what is meant by the term reckless lending.

Seeking advice on ditching a loan shark

2017-01-30 06:38

A Fin24 user who is stuck with a loan shark seeks debt consolidation to alleviate her debt burden.

How to benefit from stable interest rate

2017-01-25 16:12

The SA Reserve Bank's decision to keep interest rates unchanged gives consumers a timely reprieve as many are likely recovering from festive season spending.

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