With most of the NDP targets way off the mark, our fiscal path defers the NDP goals by another decade, if we are lucky, while an incapable state will spell its death
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/ 2 December 2011
Citigroup faces a day of reckoning in court over its selling of financial instruments in the run-up to the subprime mortgage crisis.
A United States Senate investigative panel has released several emails that could prove embarrassing to Goldman Sachs.
Goldman Sachs is preparing to defend itself against the US government allegations by arguing that it was unsure where housing prices were headed.
Goldman Sachs Group has been charged with fraud by the US Securities and Exchange Commission over its marketing of a subprime mortgage product.
Some might say Jon Brumit overpaid when he stumped up $100 for a whole house — there are now homes to be had for a single dollar.
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/ 28 November 2009
The biggest mystery of the Dubai debt crisis is not why this desert dream has turned into a nightmare, but why it took so long.
South Africa, grappling with its first recession in 17 years, expects tax revenues to decline, Finance Minister Pravin Gordhan said on Friday.
General Motors South Africa (GMSA) is part of its US parent company’s ”good assets”, managing director Steve Koch said on Monday.
General Motors will file for bankruptcy on Monday, forcing the 100-year-old carmaker into a new and uncertain era of government ownership.
The once mighty US car industry faces a day of reckoning on Monday with the looming bankruptcy of General Motors.
SA’s economy will remain lacklustre this year, helping to cool inflation, although expected electricity price increases pose a risk to the outlook.
A growing number of banks are eyeing quick repayment of US government capital injections after "stress tests" showed major lenders are healthy.
As the sky begins to bruise, an indigo haze descends on Uganda’s ”mountains of the moon”, and a solitary lioness limps through the savannah.
China’s manufacturing sector posted its best performance in nine months in April, offering fresh evidence the global economy may be picking up.
Asia’s governments must spend more on social safety nets and reduce their reliance on export-driven growth as they grapple with an economic meltdown.
Vanessa Baug knows as well as anyone how the recession has ushered in a new era of frugality for Americans.
Chrysler will file for Chapter 11 bankruptcy on Thursday after talks to restructure its debt with bondholders collapsed, a government official said.
Finance chiefs from the G7 powers said on Friday the global economy may be past the worst phase of a recession although recovery was not yet assured.
The International Monetary Fund said on Wednesday the world economy has fallen into a severe recession, cutting its forecast for global growth.
Significant progress in creating jobs — with the country’s 1,2% current growth rate — was not expected this year, the Presidency said on Thursday.
Whether it’s called buttering up the boss, brown-nosing or sucking up, experts say ingratiating behaviour is bound to be on the rise in the workplace.
In a move to ensure that all of Bernard Madoff’s personal wealth is used to pay his defrauded customers, some investors filed court papers on Monday.
Pity the world’s rich: as the credit crunch bites, they too are heading to the pawnbroker’s — albeit with a Renoir or Van Gogh under their arm.
Trevor Manuel said singling out companies for support sent the wrong signal and undermined the government’s ability to support the broader economy.
The economic crisis will give way to a more enduring era of economic development in Africa, Finance Minister Trevor Manuel said on Monday.
Seventy-six years ago, hopes were high that an international meeting held at the Geological Museum in London would provide a boost for the economy.
G20 leaders hope support for banks, higher spending and more money for the IMF will lift the world economy out of recession by the end of 2010.
The United States on Monday offered generous financing for private investors to help cleanse banks of up to -trillion in toxic assets.
Longtime pillars of the community are now pariahs fearing for their safety in a ritzy New York suburb that is home to many executives at AIG.
Ron Barnard is throwing in the towel. Like a number of homeowners who owe more on mortgages than their homes are worth, he’s ready to walk away.
Bernard Madoff pleaded guilty on Thursday to charges he orchestrated the biggest swindle in Wall Street history, cheating investors out of billions.