Should I really be this terrified of getting a credit card?

2018-06-15 19:49

The idea of having that little shiny card in my wallet alone never mind the costs I could incur, burns a hole in my psyche, but are they valid concerns?

HOW DEBT CREATES ECONOMIC APARTHEID

2018-06-14 19:30

The voice of South African consumers has still not been heard with regards to the Draft National Credit Amendment Bill, according to Summit Financial Partners CEO Clark Gardner.

Argentina looks set to get a $50 billion bailout — the biggest loan in the IMF's history

2018-06-10 14:17

The IMF reached a staff-level agreement Thursday to offer Argentina, which requested aid last month when its currency hit an all-time low, a $50 billion loan as part of a three-year standby program. The credit line seeks to rein in soaring twin defic

DON'T JUGGLE YOUR DEBT

2018-06-05 12:37

A CREDIT card is not a debt machine – it is financially dangerous to recycle debt with it.

What if you missed monthly bond repayments on your property?

2018-05-30 17:54

For a homeowner there are few financial stresses as serious as struggling to make your monthly bond repayments, says a property expert.

Nene takes swipe at Maynier, says govt has been managing SA’s debt responsibly

2018-05-22 23:06

Contrary to claims made by DA MP David Maynier about the country’s rising debt levels, Finance Minister Nhlanhla Nene says that government has been managing the country’s debt responsibly.

Business debt stress in SA continues to improve – index

2018-05-21 18:32

Business debt stress conditions in South Africa continued to improve in the first quarter of 2018, according to the latest Experian Business Debt Index.

Here are the top ten municipal culprits not paying Eskom debt

2018-05-17 08:11

The top 10 defaulting municipalities owe Eskom R9.73bn, and a parliamentary committee has resolved to meet with them to find out why they are not paying their debts.

Municipal debt to Eskom worsens significantly, execs tell Parliament

2018-05-16 10:55

The outstanding debt municipalities owe Eskom has grown to R13.88bn, reflecting a worsening situation, Parliament has heard.

Vehicle loan defaults hit highest level yet, index shows

2018-05-15 07:33

The vehicle loans consumer default index hit its highest level yet in the first three months of 2018, according to the latest Experian Consumer Default Index.

 

Review debt structure between municipalities and Eskom, says Mkhize

2018-06-15 13:26

It is necessary to review the debt structure and payment plans between Eskom and defaulting municipalities, Minister of Cooperative Governance and Traditional Affairs Zweli Mkhize has told Parliament.

Why we can't pay Eskom: Top ten defaulting councils share financial horror stories

2018-06-13 13:55

The top ten municipalities indebted to Eskom have told Parliament’s Standing Committee on Public Accounts why they continually struggle to settle their debts.

Don't underestimate what SA has achieved in the past three months

2018-06-06 07:30

Ratings agency S&P's latest decision may be disappointing, but is a great opportunity for some important conversations, writes Bonang Mohale.

Malaysia has so much debt it launched a crowdfunding campaign — and it raised $1.8 million in 24 hours

2018-06-01 13:11

Malaysia's government launched a crowdfunding campaign to help cover the cost of a $251 billion national debt. In less than 24 hours, Malaysia's Hope Fund.took in $1.76 million.

How "by the time you're 35" reminded us that some saving goals are such a con, especially for SA millennials

2018-05-23 00:00

According to some retirement experts, you should have double your salary saved by the time you're 35.

17 district municipalities in 'financial distress' - Treasury

2018-05-22 13:40

Treasury’s state of local government and financial management report for 2016/17 revealed that 17 district municipalities were identified as being in financial distress.

Steinhoff seeks three-year debt extension amid account probe

2018-05-18 22:46

Steinhoff International Holdings is seeking a three-year extension on most of its $11.3bn of debt as it battles to come to grips with an accounting scandal that’s wiped more than 96% off the share price.

Treasury blames weak political leadership, accountability for municipal debt woes

2018-05-16 13:53

Treasury’s Director- General Dondo Mogajane says that the weakness in most municipalities is linked to both political and administrative leadership.

Mkhize slams municipal debt to Eskom as unacceptable

2018-05-16 10:05

In December, municipalities owed Eskom and water boards over R23bn. Scopa met Eskom, CoGTA, SALGA and National Treasury to discuss the problem.

State looks at ways to ease municipalities' R138bn debt burden

2018-05-12 09:00

Municipalities are owed more than R138bn by government departments, businesses and households, Parliament has heard.

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