Financial industry takes aim at loan sharks, scams

2018-10-09 22:01

The financial services industry is piloting Money Smart Week in Gauteng, a collaborative attempt to improve financial literacy amidst tough economic times.

Here's why the IMF's Argentina bailout is making people nervous

2018-09-29 20:02

The International Monetary Fund this week announced plans to expand Argentina's bailout package reached in June, which was already the largest in its history. 

Consumers take on more debt amid declining household spend

2018-09-25 13:55

Household consumption has slipped in the second quarter of 2018 as people adjusted their spending habits following the value added tax hike and fuel increases, according to the Reserve Bank’s quarterly bulletin.

Argentina's currency continues to slide despite the world's highest interest rates and a $50 billion IMF bailout

2018-09-12 13:33

The peso, which has shed about half of its value this year, is the worst-performing currency of 2018,

Nearly half of SA's debt from top creditors 'appears reckless'

2018-08-27 17:14

Some 40% of the credit provided by the country's top 10 credit providers appears to be reckless, a new survey has found.

SINGLE WOMEN NEED OUR SUPPORT

2018-08-24 10:00

WHY is it so harder for single women to live within their means than any other group?

'Getting the dollar wrong is deadly': A rapid rise in the dollar could cause a domino effect across emerging markets

2018-08-16 10:45

A rallying dollar has been clobbered emerging market currencies this year, and analysts warn it could soon appreciate further and faster.

'Walking a tightrope': China's debt situation is drawing comparisons to the US mortgage crisis

2018-08-13 15:17

A trade war may not be China's biggest problem.

Eskom's return to international markets may come at a premium

2018-07-27 19:08

It won’t be a cheap welcome back into international debt markets for Eskom, says a prominent SA asset manager.

SA needs more than just China

2018-07-25 22:41

South Africa shouldn't get carried away by the immense power, deep pockets and ideologically compatible message from Beijing, says Daniel Silke.

 

SA consumers in tight corner as high prices, fuel hikes take their toll

2018-10-09 10:38

More than 40% of SA consumers are technically over-indebted and most of them cannot make further adjustments to their budgets, warns a debt expert.

Lenders give Steinhoff's Jooste more time to pay up

2018-09-25 17:55

Banks granted Steinhoff's former CEO, Markus Jooste, another extension to pay back his debt, as the global retailer that he headed struggles to survive an major accounting scandal.

Why Eskom bonds should be considered government debt

2018-09-15 07:45

If all R268bn of guaranteed debt landed on the government’s balance sheet, it could raise SA's debt to GDP towards 70%, not the 53% disclosed by the government for 2017, says Nick Smith-Saville.

ALF LEES: 'Stimulus package' or formula for debt, poverty and unemployment?

2018-08-28 06:15

As this hollowing out of the economy is continuing to take place and Ramaphosa’s plan seems to be to dig the hole deeper, South Africa will find it harder and harder to crawl out of this hole, writes the DA's Alf Lees.

6 important elements every financial plan should have

2018-08-26 19:45

One needs a "full-circle" understanding of what your financial plan is, says an expert, who provides six important components to include.

Evidence SA consumers battling to pay for major purchases, taking on more debt

2018-08-20 22:25

It appears that struggling South African consumers are battling to repay their major purchases and taking on more credit to fund their lifestyles, according to the latest Experian Consumer Default Index.

Debt hitting SA's single women harder

2018-08-13 19:23

SA's single women are struggling more with their debt than their single male counterparts, suggests data from DebtBusters.

Municipalities return millions to the fiscus, while drowning in Eskom debt

2018-07-31 07:08

Municipalities that owe Eskom millions of rands for electricity have had to send back municipal allocations for infrastructure and other purposes, much of which is not rolled over to the following financial year.

Gallery
The earnings of 41% of working South Africans living in metropolitan areas do not last until the end of the month, a study has found.

The earnings of 41% of working South Africans living in metropolitan areas do not last until the end of the month, a study has found.

0 comments 4368 Views

Parliament very worried about Eskom's R19.6bn irregular expenditure

2018-07-23 16:38

Parliament’s portfolio committee on public enterprises has expressed deep concern over the rate at which Eskom’s irregular expenditure had ballooned.

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