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A Fin24 user looks to an expert for help in improving his credit score by paying off his debt.
The bailouts exclude the R17.31 billion in debt guarantees the state extended to SAA.
Mobile operator MTN says it is on track with its plan to realise return of at least R15bn from asset sales over three years.
As over-indebted consumers reduce their spending, entrepreneurs are facing increasingly challenging circumstances.
Ultimately, the payment of municipal utilities and taxes is the responsibility of the property owner, explains an attorney.
A new order by the high court to determine the interpretation of 'collection costs' is expected to have far-reaching consequences for over-indebted consumers.
The expectation is that this year's Black Friday – on Friday November 29 – will do better than last year, because it falls after payday.
South Africa has had a high quality credit rating of A+ before, but in recent years it's been dwindling down a steady path to junk status.
Cash-strapped South African consumers are becoming over-indebted sooner and with far fewer credit agreements than they did before, a debt review report shows.
Power utility Eskom says it was disappointed by the further downgrading of its unsecured debt by ratings agency Moody's.
This is not the first time the debt-laden utility has threatened to cut power to non-paying municipalities, as it seeks to recoup funds to improve its precarious financial position.
Fin24 asked financial experts how they would grow R10 000 in the new year. Here's what they said.
Research conducted mainly in the US and UK shows that high household debt burdens affect consumers to a point that some reduce their productivity at work.
It would be unconstitutional to reject a bill "on the basis of a report", Trade and Industry Minister Ebrahim Patel has told Members of Parliament.
Consumer demand for credit remained high in the third quarter of 2019 in the face of difficult economic conditions, shows a newly released TransUnion report.
Eskom announced in a statement on Wednesday afternoon that it would suspend power interruptions to 11 municipalities that owed the utility money for electricity, as it was "pleased" with progress made in retrieving outstanding debts from the defaulting councils.
President Cyril Ramaphosa has assented to a special appropriation bill which will see Eskom get an additional R59bn in the next two years.
The investor's trade involves credit-default swaps tied to mall mortgages. The assets were made famous by Michael Lewis' novel "The Big Short."
'It's a starting point."
The rand has held steady despite the credit outlook being changed from stable to negative.
Cape TownemergeR560.00 - R580.00 Per Hour
Cape Town Southern Suburbs1st Contact T/A Sable International
Cape Townemerge R580 000.00 - R620 000.00 Per Year
Apartments / Flats
R 12 000
R 13 950
Apartments / Flats
R 13 500
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