Latest articles on Debt Crisis

Petrol, toll fees to add to consumer debt burden

The department of energy announced that petrol prices would increase 49c/l on May 2, while diesel will increase by 59c/l at most

European ‘bank union’ could prevent another debt crisis

Plans underway by Angela Merkel's Chancellory could see the power to deal with struggling banks move from national to European level.

Savings tax mooted to save Cypriot banks sunk by Greek debt

The European Union said it will assist if Cyprus contributes about €7-billion in revenue.

Ghastly garnishee abuse exposed

The full extent of garnishee abuse is not known but a case study by law firm Edward Nathan Sonnenbergs has set alarm bells ringing.

Spend, spend, spend … it is the only way out of the depression

Author Paul Krugman says ending this recession should be easy but we seem to be making it painful, writes Decca Aitkenhead.

Europe forges fiscal union to end debt crisis

European leaders have agreed to join their fiscal fortunes in order to stop a crippling debt crisis, save the euro currency and prevent further chaos.

Oil inches closer to $102 ahead of EU debt summit

Oil prices have moved higher to almost $102 a barrel in Asia in anticipation of Europe's interest rate decision and debt crisis summit.

The rising trend of falling supply

These days the news is full of dire warnings about another financial meltdown emanating from the sovereign debt crisis in Europe.

Papandreou out as coalition gathers to put out Greek fires

The Greek PM and opposition have agreed on the formation of a new unity government in a bid to break a deadlock and pave the way for an EU bailout.

Brace yourself South Africa, we’re in for a rough ride

South Africans will have to tighten their belts, knuckle down and work together if we are to weather the economic storms ahead, says Pravin Gordhan.

Global slump may retard Africa’s growth

As the economic clouds darken over Europe and the United States, there are concerns a double-dip recession in the West could cast a shadow over Africa

Rand’s ‘annus volatilis’ set to continue

The rand, thanks to its volatility in recent days, has quickly become one of the worst performing global currencies.

Rates steady in spite of rand’s freefall

The Reserve Bank kept interest rates steady on Thursday, after a sharp overnight depreciation of the rand and amid darkening expectations.

Jittery investors dump SA bonds

As debt troubles in Europe and the United States keep global markets jittery, foreign investors appear to be shying away from South African bonds.

Gold rush: An exercise in futility

As markets fluctuate in the wake of the world's greatest economic turmoil since the Great Depression, investors are frantically seeking a safe haven.

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Latest

Covid-overflow hospital in ruins as SIU investigates

A high-level probe has begun into hundreds of millions of rand spent by the Gauteng health department to refurbish a hospital that is now seven months behind schedule – and lying empty

Zuma won’t appear before Zondo commission on Monday, say his lawyers

Last year the commission asked the Constitutional Court to force the former president to appear. Although ruling has not been made, the summons remains valid, but Zuma’s lawyers say they won’t honour it

Molefe blames Ramaphosa for Eskom’s woes in statement to Zondo commission

Brian Molefe guns for Cyril Ramaphosa, alleging that the president’s relationship with Glencore was only a ploy to siphon money out of Eskom

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