Local banks demand R5bn from SAA, unless Gigaba gives another bailout

2017-10-13 08:00

More creditors are breathing down SAA's neck - this time local banks which demand payment at the end of October, unless Finance Minister Gigaba gives the airline a bailout in his mini-budget.

More money won't fix SAA – Manuel

2017-10-03 14:27

Among the biggest problems at SAA are its poor cost structure and “self-evident” corporate governance issues, says former finance minister Trevor Manuel.

Sell off 'alcoholic' SAA and fire Myeni, Maimane tells Gigaba

2017-09-28 17:28

As SAA's R1.8bn debt repayment deadlines nears, the DA called on SAA chair Dudu Myeni to immediately step down, and the Public Protector to investigate Myeni's role in the national carrier's "institutional decay"

Struggling SA consumers feel financial vulnerability- report

2017-09-24 14:04

There is a sense among consumers that SA's so-called perfect storm has started, according to the latest Momentum Consumer Financial Vulnerability Index.

Government debt up as growth falters in ailing economy

2017-09-18 14:21

Reserve Bank data shows government debt continues to grow, despite efforts to remain on the path of fiscal consolidation.

Policy uncertainty and low GDP a challenge for companies - Moody’s

2017-09-13 09:07

Policy uncertainty and low GDP growth will limit the ability of corporates to improve their credit quality over the next few months, says credit rating agency Moody’s.

Shoprite guilty of reckless lending, fined R1m

2017-09-06 11:00

The National Consumer Tribunal has fined Shoprite R1m, after a probe showed the retailer did not conduct adequate checks to find out if its lenders could service its loans.

Cas Coovadia: ConCourt property ruling a boost for investor confidence

2017-08-30 17:17

The Constitutional Court ruling that new home owners are not liable for historical debt will bring confidence to the property sector, says Banking Association SA MD Cas Coovadia.

Property debt judgment ends era of confusion and controversy

2017-08-29 22:00

The Constitutional Court judgment that new home owners are not liable for the historical debt of previous owners brings to an end a long period of confusion.

Recapitalising SAA offers only 'temporary' relief - Gigaba memo

2017-08-24 15:37

Recapitalising SAA will only temporarily solve the airline’s low cash reserves, says Finance Minister Malusi Gigaba.


As it happened: 10 municipalities owe Eskom R7.5bn in overdue debt

2017-10-10 09:38

Ten municipalities owe Eskom R7.5bn in overdue debt, Eskom’s distribution executive Ayanda Noah has explained.

Complete collapse of SAA likely as debt grows, analyst warns

2017-10-02 11:12

There is no strategic benefit to having a national carrier and privatising SAA or parts of it is a sensible option, say analysts.

SAA's R1.8bn Saturday debt deadline nears

2017-09-27 17:14

Cabinet is currently meeting to try and hash out where the state-owned airline will get the R1.8bn it needs to pay Citibank by Saturday.

Down with debt!

2017-09-21 12:02

In her new book, ‘Smartwoman’, financial planner and author Sylvia Walker offers some valuable tips on how to dig yourself out of debt.

'Hit' on SARB erodes SA's institutional framework, warns Moody's

2017-09-13 13:52

Recent challenges to SA's institutions have eroded their strength although the country is still "well balanced", says rating agency Moody’s.

Needing money for equipment, paying off debt

2017-09-08 18:40

A Fin24 reader says he is in need of some money to buy equipment and pay debt.

Credit card myths debunked

2017-09-05 21:35

Few consumers really know all there is to be known about how a credit card works and how it can be used effectively, says the head of collections at FNB.

UK consumer borrowing cools as BoE action take toll

2017-08-30 13:00

UK consumer credit has grown at its slowest pace in more than a year, suggesting that Bank of England action is making households less willing to take on debt.

Gauteng residents owe municipalities R31bn

2017-08-27 15:53

Households in Gauteng owe municipalities R31.8bn, making up the lion's share of debt due to municipalities for services and taxes.

Can you afford to have a baby?

2017-08-17 16:22

A financial planner at Alexander Forbes Retail looks at some potential financial implications to consider before you decide to have a baby.

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.