Eskom board approves R72bn borrowing plan

2018-04-24 18:29

Eskom says its board approved a borrowing plan of R72bn necessary to ensure adequate liquidity, and that investor sentiment has improved substantially since the appointment of its new board.

R13.5bn municipal debt burden 'really beyond Eskom'

2018-04-18 19:52

Municipalities owe Eskom R13.5bn, a situation which requires intervention by government, South Africans and Parliament, the portfolio committee on public enterprises has heard.

Joint mortgage holder? How to safeguard yourself in debt review process

2018-04-15 06:00

Your joint mortgage in a debt review process is a minefield not so easy to conquer.

High court ruling could unleash flood of new credit applications

2018-04-10 12:36

TransUnion says the removal of a key lending criterium by a court last month is likely to lead to a flood of credit applications, as consumers take strain from the tight economic environment.

Tips on how to survive the VAT increase

2018-04-04 12:12

VAT increase will involve savvy and responsible management of household finances

Foolish things you can do with your money

2018-04-01 10:13

Practical jokes aside, the reality is that some of our financial transactions can sometimes be as close to foolish as we can get.

Moody’s reprieve 'not enough' for hard-pressed consumers

2018-03-24 12:31

Although all South Africans will benefit from the Moody's move not to downgrade South Africa, it is not enough for hard-pressed consumers, warns debt counselling firm Debt Rescue.

Want credit? A new court ruling says you may not need to provide payslips or bank statements any more

2018-03-21 09:32

The ruling comes amid increased concern about South African mounting credit and store card debt.

Bad debt will weigh on WesBank

2018-03-11 06:06

Vehicle asset finance puts the brakes on bank’s wheels division, but not for long.

South Africans are big borrowers and poor savers - expert

2018-03-05 05:00

Reducing indebtedness and improving savings in South Africa is a major socio-economic challenge, warns an industry expert.

 

SAA CEO says airline battling 'very weak' balance sheet and crippling debt

2018-04-24 14:25

SAA CEO Vuyani Jarana told Parliament that SAA is struggling with a weak balance sheet and burdensome debt.

Smart ways to use your credit card

2018-04-17 10:09

Managing your plastic money wisely helps to build a good credit score

Steinhoff freeing up 200 million shares in STAR to refinance its debt

2018-04-11 18:50

As part of efforts to refinance its debt, Steinhoff is selling off 200 million of its shares in Steinhoff Africa Retail. This is 6% of its stake in the company.

First-time credit defaults highest since December - index

2018-04-09 22:00

Pressure seems to be building again on SA consumers due to the increase in the cost of living, shows the latest Experian Consumer Default Index.

Curse of Zuma lingers even as SA savours junk reprieve

2018-04-03 11:07

One year since the country lost its investment-grade rating, South Africa is basking in new-found confidence with Cyril Ramaphosa in charge.

Interest rate cut on cards, a boost for indebted South Africans

2018-03-27 07:29

Banks weigh in on what they expect the SA Reserve Bank's Monetary Policy Committee to decide on the interest rate this week - and why.

China default risks flare on scrutiny of company accounting

2018-03-22 10:29

As China’s President Xi Jinping steps up efforts to rein in excessive borrowing, the nation’s corporate bond market faces rising default risks.

Wealthy suburban couples least likely to default on debt repayment - index

2018-03-13 22:00

The Experian Consumer Default Index shows first time credit defaults among SA consumers amounted to a total of R11.95bn between November 2017 and January 2018.

Culture of non-payment threatens stability of municipal finances - Treasury

2018-03-09 07:03

Treasury is reviewing municipal borrowing policy and has flagged the culture of non-payment for service delivery as contributing to growing debt.

How to know if you have too much debt

2018-02-26 16:01

Debt expert Renee Marais explains how to determine if you have taken on too much debt.

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