Ramaphosa: Not yet time for austerity measures

2018-11-06 17:16

President Cyril Ramaphosa says that to stop debt from growing at an alarming rate, government will align spending with priority areas, as well as prioritise boosting economic growth.

10 ways millennials can spend less and save more

2018-11-03 09:03

Financial Advisor Lizl Budhram shares ways young professionals can save without breaking a sweat.

Fedusa to MPs: IMF will treat us worse than the Guptas

2018-10-31 16:43

Trade unions have warned against government running up debt which would see the country seeking help from the International Monetary Fund.

Government debt jumps to 55.8% of GDP

2018-10-24 16:03

Government's gross loan debt is expected to accelerate to 58.5% of GDP in 2021/22, up from 55.8% - an increase largely attributed to currency fluctuation.

Mozambique rejects Credit Suisse debt restructure proposal

2018-10-22 14:29

Mozambique has turned down a restructuring plan by lenders, including Credit Suisse, for one of the state-owned companies at the centre of a hidden-debt crisis.

Moody's: SA's low growth, ineffective SARS affecting tax collections

2018-10-18 17:07

Ratings agency Moody's has assessed SA's fiscal strength to be moderate as Treasury has been able to keep spending below the expenditure ceiling.

SA consumers in tight corner as high prices, fuel hikes take their toll

2018-10-09 10:38

More than 40% of SA consumers are technically over-indebted and most of them cannot make further adjustments to their budgets, warns a debt expert.

Lenders give Steinhoff's Jooste more time to pay up

2018-09-25 17:55

Banks granted Steinhoff's former CEO, Markus Jooste, another extension to pay back his debt, as the global retailer that he headed struggles to survive an major accounting scandal.

Why Eskom bonds should be considered government debt

2018-09-15 07:45

If all R268bn of guaranteed debt landed on the government’s balance sheet, it could raise SA's debt to GDP towards 70%, not the 53% disclosed by the government for 2017, says Nick Smith-Saville.

ALF LEES: 'Stimulus package' or formula for debt, poverty and unemployment?

2018-08-28 06:15

As this hollowing out of the economy is continuing to take place and Ramaphosa’s plan seems to be to dig the hole deeper, South Africa will find it harder and harder to crawl out of this hole, writes the DA's Alf Lees.


SA fiscus at a crossroads, difficult choices must be made – Treasury official

2018-11-05 07:32

Government will have to make difficult decisions on state owned companies and the public sector wage bill, members of Parliament heard.

SA’s plans to curb debt: Ratings agencies give us benefit of the doubt

2018-11-01 09:01

Further credit rating downgrades are unlikely ahead of the Treasury’s February budget, when it will be more clear if economic revival strategies will work.

WATCH: Mini budget likely sufficient to keep ratings outlook stable - economist

2018-10-25 14:56

Sanisha Packirisamy, an economist at Momentum Investments, shares her views on Mboweni's maiden mini budget, and how ratings agencies may react.

Mboweni warns of tough choices as SA debt climbs

2018-10-24 15:38

Tito Mboweni’s appointment as finance minister two weeks ago appeased investors, but his first mid-term budget showed the nation’s debt burden is heavier than previously thought.

Young, broke and in debt - a tough life of taking out loans to repay other loans

2018-10-19 08:01

The National Credit Regulator says there were nearly 25 million "credit-active" consumers at the end of June 2018 and nearly 40% were behind with their loan repayments.

Financial industry takes aim at loan sharks, scams

2018-10-09 22:01

The financial services industry is piloting Money Smart Week in Gauteng, a collaborative attempt to improve financial literacy amidst tough economic times.

Here's why the IMF's Argentina bailout is making people nervous

2018-09-29 20:02

The International Monetary Fund this week announced plans to expand Argentina's bailout package reached in June, which was already the largest in its history. 

Consumers take on more debt amid declining household spend

2018-09-25 13:55

Household consumption has slipped in the second quarter of 2018 as people adjusted their spending habits following the value added tax hike and fuel increases, according to the Reserve Bank’s quarterly bulletin.

Argentina's currency continues to slide despite the world's highest interest rates and a $50 billion IMF bailout

2018-09-12 13:33

The peso, which has shed about half of its value this year, is the worst-performing currency of 2018,

Nearly half of SA's debt from top creditors 'appears reckless'

2018-08-27 17:14

Some 40% of the credit provided by the country's top 10 credit providers appears to be reckless, a new survey has found.

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