Former president Jacob Zuma was never going to remain the all-powerful and omnipresent political figure that he thought, writes Pieter du Toit.
The European Commission on Thursday approved a Greek scheme to reduce bad loans weighing down the country's banks, limiting new credit and holding back economic recovery.
Over R76m in outstanding rental fees is due to the Department of Public Works and Infrastructure for properties it has leased.
South Africa’s unsecured lending boom has left 40% of borrowers in default and millions of people in a debt trap, according to fund manager Differential Capital.
The debt relief bill's impact on South Africa's society and economy is 'net negative', an independent study commissioned by the government found.
Getting out of debt is difficult, but not impossible, however, you need a strategy,” according to Ghana Msibi, WesBank's executive head of the motor division.
Over the past two years, Capitec has been preparing for the controversial new Credit Amendment Bill.
Although the debt relief bill aims to throw a lifeline to indebted consumers, it could see 'mashonisas' or loan sharks - who typically charge between 30-50% interest on loans - thrive in the lending environment.
President Cyril Ramaphosa has signed into law the controversial National Credit Amendment Bill, which is geared to provide relief to over-indebted consumers
Mozambique has started legal action against a French-Lebanese billionaire, Iskandar Safa, whose shipbuilding company is at the heart of a $2 billion debt scandal, officials said Friday.
Finance Minister Tito Mboweni on Tuesday unveiled a second multi-billion rand bailout for the power utility within five months, aid that may force the cash-strapped government to increase borrowing and taxes.
Understanding the complicated in duplum rule.
The country is back in the Eurobond market for the first time since May last year.
Deputy President David Mabuza has called on members of the National Council of Provinces to tell residents to pay for service delivery in order to improve rising debt levels in municipalities.
An analysis by Moody's of 18 rated companies in South Africa shows that liquidity levels are adequate, but are weakening.
Overseas misadventures are taking a toll on some local retailers.
Writing off loans belonging to banks and other financial institutions albeit under strict conditions, is sending out entirely the wrong message, writes Neil Roets for Fin24.
The new debt relief bill could have dire unintended consequences, warned chief economist at the Efficient Group Dawie Roodt.
Moody's announced that the rating of Mangaung Metropolitan Municipality, in the Free State, has been downgraded three notches from Ba3 to B3.
Many people are drowning in debt and don’t see a way out but there’s hope.
The only way to lower current global debt levels is by decreasing government spending or increasing taxes. That won’t be happening anytime soon, which means the debt spiral continues.
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