In China you get a special warning before you call people who owe money, telling you to get them to pay up

2019-05-21 08:01

China operates a nationwide blacklist that contains the names and personal information of people who are in debt, also known as "laolai".

SA households lost almost R450bn in wealth in 2018 - report

2019-04-24 19:59

SA households saw a total of R449.8bn of wealth wiped out between in 2018, according to the latest Momentum Unisa Household Wealth Report.

SA's debt repayment costs rising but still 'affordable' - Moody's

2019-04-16 15:32

South Africa is en route to spend R1 out of every R7.5 in government revenue on sovereign debt interest repayments by 2020, according to Moody's Investors Service.

Steinhoff's Unitrans is said to be worth up to R4 billion

2019-03-29 08:53

Steinhoff's Unitrans Motor Group, which the embattled retailer is in talks to sell, may be valued at as much as $280m (R4bn at current exchange rates), according to people familiar with the matter.

Steinhoff reaches agreement to sell shares in car dealer network Unitrans

2019-03-28 09:36

Steinhoff announced on Thursday that it had reached an in-principle agreement to sell 74.9% of Steinhoff Africa’s shares in automotive dealer network Unitrans.

Sunday Read: Electricity costs will rocket way beyond 13.8%. Here’s why

2019-03-10 09:27

Eskom was granted only a 13.8% increase for 2019/20 instead of the 15% it had applied for. Don't sigh with relief too quickly, says Ferial Haffajee.

Mozambique debt restructuring to continue as scandal grows

2019-03-04 16:05

Mozambique will continue with restructuring talks over $2bn of defaulted loans, the Ministry of Finance says, even as an international scandal around the debt intensifies.

China spent years trying to trim its massive debt burden. A recent move to pile on more could be risky

2019-02-28 10:05

The mountain of debt encumbering China's economy looks set to grow after private companies piled on leverage at the start of 2019.

Ratings agencies adopt 'wait-and-see' approach, as SA teeters on junk knife-edge

2019-02-22 14:36

Ratings agencies will likely adopt a 'wait-and-see' approach before making decisions on the sovereign's credit rating, analysts have said.

Fin24 reader's journey to being money-wise

2019-02-21 13:08

Fin24 reader Khuselwa Ncwana shares her journey of becoming more money wise and the role Fin24 played in helping her to get there.

 

Debt: Common metrics don’t tell the full story

2019-05-16 10:50

Good debt, bad debt, no debt? Very few South Africans can live debt-free, and utilising debt facilities like home and car loans are not necessarily poor financial decisions. However, there’s a reason it’s called a debt spiral. And millions of South Africans are struggling to stay out of that spiral.

5 'fail-proof' questions to get your budget under control

2019-04-20 12:43

Times are tough for SA consumers and they are looking for ways to make their money go further, according to Susan Steward from Budget Insurance.

Eskom, risk of Moody's downgrade are biggest risks facing SA, says Treasury official

2019-04-11 15:13

A Treasury official has warned that foreign investors remain concerned about the risks posed by Eskom.

Moody's: 5 economists on why load shedding may trip up SA's credit rating

2019-03-29 05:00

Moody's Investors Service, the sole global ratings agency that still has SA's sovereign debt at investment grade, is expected to make an announcement on the country's credit rating on Friday evening.

Steinhoff raises R4.8bn in share sale

2019-03-27 09:50

Steinhoff managed to raise R4.8bn by placing over 600 million of its shares in KAP Industrial Holdings on offer.

How insolvency affects a spouse and a business

2019-03-04 21:57

Divorce is not the only scenario in which you can be affected by whether you married in community of property or out, says attorney Simon Dippenaar.

S&P revises outlook for Eskom from negative to stable

2019-03-01 17:06

Ratings agency S&P has kept Eskom at junk status, but has revised its outlook from negative to stable.

SA is already looking like junk in the CDS market

2019-02-25 13:34

The consensus among economists is that South Africa will hold onto its investment grade status for the time being. Derivatives traders are not so sure.

SA yet to decide on Mozambique extradition, state says

2019-02-21 19:48

South Africa is still considering whether to extradite Mozambique’s former finance minister, Manuel Chang, to his home country or the US, a Department of International Relations and Cooperation official said.

Is there light after debt? 7 key figures that put Eskom's crisis in perspective

2019-02-20 07:45

Eskom is struggling to service R420bn in debt. Just how serious are its financial problems?

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