Barbrook rescue plagued by fraud concerns

2017-12-10 06:01

Creditors of Mpumalanga’s Barbrook Mine have reported business rescue practitioner Rob Devereux to the Companies and Intellectual Property Commission (CIPC), citing concerns over fraud and reckless trading.

Govt must deal with corruption before raising taxes - expert

2017-11-28 19:57

Raising taxes will have the opposite effect to raising needed revenue, warns an expert.

SA's debt costs leap on record R3.3bn sale

2017-11-15 07:51

South Africa’s embattled Treasury had no trouble selling a record amount of debt at its weekly fixed-rate auction Tuesday - but at a cost.

Fiscus ‘high risk’ to SA’s financial stability – SARB

2017-11-09 21:30

South Africa's deteriorating fiscal position has been identified as a high risk to the country's financial stability, according to the SA Reserve Bank in its latest semi-annual Financial Stability Review.

China firms have found a way to cut debt, at least on paper

2017-11-07 09:54

Under pressure to trim borrowings, China’s companies have found a way to reduce their lofty debt burdens - even if some of the risk remains.

Ratings agencies likely to wait till December - economist

2017-10-26 12:57

The mini budget has increased the likelihood of additional credit rating downgrades before year-end, says an economist.

Mounting debt-service costs crowd out social and economic spending

2017-10-25 15:51

With state revenue under pressure and expenditure needs rising, an increasing share of tax collection will be diverted to settle interest payments on state debt.

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"


Electricity supply won't be compromised by limited coal supply - Eskom

2017-11-30 20:45

Eskom says despite a shortage of coal supply to its Hendrina power station, due to Optimum Coal Mine not fulfilling its contractual obligations, the electricity supply will not be compromised.

Four financial questions to ask before you get married

2017-11-16 16:14

Couples with a clear financial plan from the beginning, increase their chances of having financial success and a more stable relationship, says an expert.

Four questions before getting a loan

2017-11-14 19:06

Go about debt in a smart way.

Katlehong family evicted over home loan arrears of R1 000

2017-11-08 11:20

Nedbank responds to queries after Ernest Mashaba and his family were evicted four times from their home in Katlehong, near Johannesburg.

Total public debt could be 80% of GDP, or higher by 2020/21 - DA

2017-11-05 16:50

David Maynier from the Democratic Alliance says SA's total public debt could be 80% to GDP, or even higher, by 2020/21.

There was not much Gigaba could do - economist

2017-10-26 11:10

Sceptic reactions to Finance Minister Gigaba’s mini budget were expected, but that markets were too “unforgiving”, says and economist.

Are you drowning in debt?

2017-10-24 11:11

Instead of ignoring the letters of demand, you must take action

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.

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