bailout

 
Shaking up Eskom matters for South Africa's economy
Shaking up Eskom matters for South Africa's economy
South Africa’s power utility Eskom has seen a remarkable leadership shake up in the past few days. Almost the entire board has been replaced with...
Treasury announces SAA bailout to settle R2.3bn debt
Treasury announces SAA bailout to settle R2.3bn debt
Government officials have moved to transfer an undisclosed sum from the National Revenue Fund to SAA in an attempt to help the airline pay back...
IRR urges lawmakers to assist poverty-stricken prisoners
IRR urges lawmakers to assist poverty-stricken prisoners
The South African Institute of Race Relations (IRR) has called for the release of poor prisoners who are unable to pay bail.
International investors still seek Eskom bonds despite its financial woes
International investors still seek Eskom bonds despite its financial woes
Despite rolling blackouts, and even being cut to junk status by one credit ratings agency, Eskom debt still appears appetising to...
Bailout vote decides Cyprus's eurozone fate
Bailout vote decides Cyprus's eurozone fate
Lawmakers were due to meet in an extraordinary session to ratify the terms of the aid, which is conditional on Cyprus winding down its second-largest bank and imposing heavy losses on uninsured depositors in another. Voting was expected on Tuesday afternoon....
EU meet to finalise Cyprus bailout
EU meet to finalise Cyprus bailout
Their meeting on Friday comes a day after Cyprus made the shock announcement that the cost of its European Union-International Monetary Fund (IMF) bailout had surged to €23-billion, putting the teetering economy in danger of collapse and further endangering big bank...
Cypriots wary of what's to come
Cypriots wary of what's to come
In the streets and cafes of Nicosia, and on TV chat shows aired in homes across the nation state, Monday's message was the same: "We have...
Cyprus bank closure rolls into week two
Cyprus bank closure rolls into week two
All but two of the country's largest lenders had been due to reopen on Tuesday, after being shut since March 16 while politicians figured out...
Cyprus tweaks bailout plan as meltdown looms
Cyprus tweaks bailout plan as meltdown looms
As President Nicos Anastasiades huddled with political party leaders over the revised plan, Eurogroup head Jeroen Dijsselbloem warned in Brussels...
MPs object SA bank law in light of Cyprus bailout crisis
MPs object SA bank law in light of Cyprus bailout crisis
The clause concerned removes the need for written consent from the head of a bank for it to be placed in curatorship.
Cyprus revises bank tax to delay bailout vote
Cyprus revises bank tax to delay bailout vote
The weekend announcement that Cyprus would impose a tax on bank accounts as part of a €10-billion bailout by the European Union broke with previous practice that depositors' savings were sacrosanct. The euro and stock markets fell on concern...
SAA and the R550-million bailout
SAA and the R550-million bailout
Finance Minister Pravin Gordhan and Public Enterprises Minister Malusi Gigaba last week signed off a guarantee that allowed the national carrier to...

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