Eskom will continue to make losses, even with tariff increases – regulator hears

2019-02-04 22:30

Eskom Chief Financial Officer Calib Cassim has said the regulator's decision on its tariff applications is important in helping to ensure the power utility's financial and operational sustainability.

Banks stuck with $1.6bn of unsold loans amid market rout

2018-12-22 15:23

A rout in the once-hot market for risky corporate loans has some of Wall Street’s largest banks stuck with at least $1.6bn of unwanted leveraged buyout debt.

Here’s how micro-lending in SA compares with the US – where customers pay just a fraction of the fees

2018-11-08 14:06

Short-term micro-lending Finbond says the inability to automatically deduct money from social grant recipients in SA is limiting its ability to issue new loans. This is how its loans in North America compare with those in SA.

DA demands details of R370bn Chinese loan, warns of 'debt trap'

2018-09-16 15:53

DA demands full details about a R370bn loan allegedly negotiated by President Cyril Ramaphosa with China.

Banks are on board with land reform, BASA declares

2018-08-30 19:09

The Banking Association of South Africa says the amount of money that the four largest banks in SA loaned to farmers increased from R133bn in late 2017 to R148bn in mid-2018.

What SA students should know before taking out a student loan

2018-07-26 12:11

Here are a few potential pitfalls that people often don't tell you about when it comes to taking out a loan.

Finbond streaks ahead with 81% increase in HEPS

2018-05-31 10:33

South African financial services institution Finbond has released strong year-end results all round.

Steinhoff acting CEO repays share-backed loan taken days before plunge

2018-05-04 09:59

Steinhoff International acting CEO Danie van der Merwe has repaid a R26.4m loan backed by company shares that he took out a week before the retailer’s stock collapsed.

China's debt-trap diplomacy reaches the Philippines, which is likely to accept Chinese loans 1,100% more expensive than other options

2018-03-07 09:48

The Philippines' chief economist said his country needs "more friends," as relations with China finally warm.

Could banks be the biggest losers in expropriation without compensation?

2018-03-01 07:18

Banks could be some of the biggest losers if expropriation without compensation takes place, with clients potentially defaulting en masse on loans.

 

SAA secures R3.5bn loan to keep operating until March

2019-01-08 13:32

The cash-strapped flag carrier says the loan is needed to keep it operating until the end of the financial year in March.

After a R1.7 billion deal, taxi operators who don’t pay back their loans will answer to their peers

2018-11-20 11:27

The national taxi association that is to own a quarter of financier SA Taxi says it will use profits to professionalise the minibus taxi industry – with safety a key concern.

Is Africa starting to choke on China's lending glut?

2018-10-22 06:15

Sierra Leone's new government has scrapped a contract with a Chinese bank to build an airport, bluntly declaring it 'uneconomical'. Instead it will use an existing, underused airport and improve access to it.

Capitec CEO lists two focus areas for unsecured lending market

2018-09-11 10:59

Capitec CEO Gerrie Fourie highlights the way credit life cover is charged as one of two areas that need urgent attention in the unsecured lending market.

Futuregrowth says it didn't tell Transnet to remove CEO Gama

2018-08-21 07:51

Futuregrowth Asset Management said it didn’t tell Transnet to remove CEO Siyabonga Gama after the state entity said auditors couldn’t give its 2018 financial results a clean bill of health.

Steinhoff wins creditor support for debt restructuring plan

2018-07-19 18:00

Steinhoff International won support from a majority of creditors to restructure its debt.

Capitec braces for the next round against Viceroy

2018-05-23 13:28

Capitec says it is committed to transparency as it prepares a direct response to the latest jab from short-seller Viceroy.

Govt funds helped keep Eskom liquid, committee hears

2018-04-27 12:47

Eskom said government lifelines helped improve its financial performance, as it accounted to Parliament on the impact of the funds it received for recapitalisation and debt relief.

China said to ease bad-loan provision rule to help growth

2018-03-06 13:00

China is relaxing rules governing how much banks must set aside to cover bad loans, a sign that regulators are comfortable the lenders are sound enough to extend additional credit.

Capitec CEO says bank `back to normal' after Viceroy target

2018-02-20 07:15

Business at Capitec Bank is 'back to normal,' its chief executive officer has said, weeks after it became the target of the short seller Viceroy Research.

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