Why the debt relief bill will see loan sharks circling consumers

1 minute ago

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.

Hunt is on for new Eskom CEO

2019-07-21 13:41

Eskom has begun a search for a new Group CEO to replace Phakamani Hadebe, who quit his job in May.

Court slams bank for taking credit agreement debt from accounts without permission

2019-06-29 10:00

The SA Human Rights Commission welcomes the judgment handed in a case between the National Credit Regulator and Standard Bank.

Debt from municipalities has only grown, Eskom laments

2019-06-24 20:54

Eskom says the municipal debt crisis has only worsened, despite a number of interventions.

SABC faces 'extremely uncertain' financial position

2019-06-17 16:49

The financial position of the SABC has been worsening over the last nine months and the public broadcaster is at the mercy of creditors

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.

 

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.

How I got myself R400K deep in debt – and why you shouldn’t

2019-07-16 15:04

Most people make the mistake of thinking that simply because they qualify for credit, they should take it.

How my R85k gift to my aunt for raising me crippled my finances for 7 years

2019-06-25 16:11

She decided to focus solemnly on her debt and achieve her dream.

Analysis: All you need to know about debt review

2019-06-22 16:15

Questions about debt review and how it works are among the most frequently asked financially related questions South Africans search on Google.

Nothing Elon Musk has done has stopped the bleeding at Tesla — and things look like they're going to get worse

2019-05-22 10:43

Tesla is doing everything it can to stop bleeding, but right now Wall Street couldn't care less.

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.

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