MONEY CLINIC: My loans are giving me a low credit score; how do I properly deal with them?

2020-01-22 05:00

A Fin24 user looks to an expert for help in improving his credit score by paying off his debt.

South African taxpayers have paid R16.5bn to bail out SAA over the past decade — almost R1,000 per household

2020-01-16 13:17

The bailouts exclude the R17.31 billion in debt guarantees the state extended to SAA.

MTN raises about R14bn through asset sales, plans to pay off debt

2020-01-02 18:39

Mobile operator MTN says it is on track with its plan to realise return of at least R15bn from asset sales over three years.

10 survival tips for stressed SMEs

2019-12-26 14:18

As over-indebted consumers reduce their spending, entrepreneurs are facing increasingly challenging circumstances.

Unpaid municipal bills - what a landlord can do

2019-12-15 09:44

Ultimately, the payment of municipal utilities and taxes is the responsibility of the property owner, explains an attorney.

Victory for over-indebted consumers burdened by garnishee order costs

2019-12-13 20:45

A new order by the high court to determine the interpretation of 'collection costs' is expected to have far-reaching consequences for over-indebted consumers.

Payday good news for retailers this Black Friday, but December may be a different story

2019-11-28 20:14

The expectation is that this year's Black Friday – on Friday November 29 – will do better than last year, because it falls after payday.

TIMELINE: SA's credit rating journey since 1994

2019-11-24 13:50

South Africa has had a high quality credit rating of A+ before, but in recent years it's been dwindling down a steady path to junk status.

South Africans now over-indebted sooner after fewer credit agreements - report

2019-11-16 17:19

Cash-strapped South African consumers are becoming over-indebted sooner and with far fewer credit agreements than they did before, a debt review report shows.

Eskom 'dissappointed' as Moody's cuts its unsecured debt further into junk

2019-11-05 17:25

Power utility Eskom says it was disappointed by the further downgrading of its unsecured debt by ratings agency Moody's.

 

Eskom halts power cuts to Northern Cape municipality pending outcome of court case

2020-01-20 10:27

This is not the first time the debt-laden utility has threatened to cut power to non-paying municipalities, as it seeks to recoup funds to improve its precarious financial position.

Here's what SA financial experts would do with R10 000 in 2020

2020-01-13 06:00

Fin24 asked financial experts how they would grow R10 000 in the new year. Here's what they said.

Print out your bank statements and get the calculator: Tackling your debt in 2020

2020-01-01 14:08

Research conducted mainly in the US and UK shows that high household debt burdens affect consumers to a point that some reduce their productivity at work.

Critiques alone won't undo debt relief bill, says Patel

2019-12-21 11:39

It would be unconstitutional to reject a bill "on the basis of a report", Trade and Industry Minister Ebrahim Patel has told Members of Parliament.

Defaults on debts increase as economy begins to bite - report

2019-12-14 10:27

Consumer demand for credit remained high in the third quarter of 2019 in the face of difficult economic conditions, shows a newly released TransUnion report.

Eskom: 'Progress' in getting Northern Cape councils to pay up

2019-12-11 18:29

Eskom announced in a statement on Wednesday afternoon that it would suspend power interruptions to 11 municipalities that owed the utility money for electricity, as it was "pleased" with progress made in retrieving outstanding debts from the defaulting councils.

Ramaphosa signs bill granting Eskom R59bn

2019-11-25 15:11

President Cyril Ramaphosa has assented to a special appropriation bill which will see Eskom get an additional R59bn in the next two years.

Billionaire activist Carl Icahn is reportedly betting on the death of the mall — and could make R5 billion if things go his way

2019-11-21 13:09

The investor's trade involves credit-default swaps tied to mall mortgages. The assets were made famous by Michael Lewis' novel "The Big Short."

Rand holds steady on Moody's review, but economists warn of downgrade to junk

2019-11-02 14:37

The rand has held steady despite the credit outlook being changed from stable to negative.

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