EU approves scheme to reduce Greek bad loans

2019-10-13 07:52

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.

Public Works owed over R76m in outstanding rentals

2019-09-26 08:37

Over R76m in outstanding rental fees is due to the Department of Public Works and Infrastructure for properties it has leased.

SA unsecured loan boom leaves 40% of borrowers in default

2019-09-12 20:23

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.

Debt relief bill would leave overindebted worse off, says govt commissioned study

2019-09-11 19:12

The debt relief bill's impact on South Africa's society and economy is 'net negative', an independent study commissioned by the government found.

Debt review: why you need a clear strategy

2019-08-31 17:45

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.

Capitec has been preparing for the new debt bill: Only a fraction of its loans are to people who earn less than R7,500.

2019-08-19 17:49

Over the past two years, Capitec has been preparing for the controversial new Credit Amendment Bill.

Why the debt relief bill will see loan sharks circling consumers

2019-08-18 11:51

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.

Ramaphosa signs 'debt relief bill'

2019-08-15 22:57

President Cyril Ramaphosa has signed into law the controversial National Credit Amendment Bill, which is geared to provide relief to over-indebted consumers

Mozambique sues French-Lebanese billionaire over debt scandal - sources

2019-08-04 17:53

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.

SA has a sovereign debt problem. Its name is Eskom

2019-07-24 08:13

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.

 

Debt: Can you be charged more in interest than your original loan?

2019-10-02 05:00

Understanding the complicated in duplum rule.

SA lines up rare Eurobond as concern mounts over Eskom

2019-09-23 14:57

The country is back in the Eurobond market for the first time since May last year.

'The struggle is over.' Mabuza says apartheid-era culture of non-payment must end

2019-09-12 08:16

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.

ANALYSIS: Moody's unpacks liquidity of SA companies

2019-09-10 06:00

An analysis by Moody's of 18 rated companies in South Africa shows that liquidity levels are adequate, but are weakening.

This eye-popping graph shows Woolworths is drowning in debt – while Clicks and Mr Price owe basically nothing

2019-08-28 07:28

Overseas misadventures are taking a toll on some local retailers.

Debt relief: 'Poorest of the poor will pay a heavy price for SA's debt forgiveness legislation'

2019-08-18 15:04

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.

New debt relief bill poses a financial risk to economy and consumers

2019-08-18 09:36

The new debt relief bill could have dire unintended consequences, warned chief economist at the Efficient Group Dawie Roodt.

'Devastating' Moody's downgrade for Mangaung over poor liquidity, risk of default

2019-08-07 19:09

Moody's announced that the rating of Mangaung Metropolitan Municipality, in the Free State, has been downgraded three notches from Ba3 to B3.

9 steps you can take when you can't afford your debt

2019-07-26 15:24

Many people are drowning in debt and don’t see a way out but there’s hope.

A world drunk on debt

2019-07-23 13:48

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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