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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Hopefield: Brutal police vs brutalised citizens

The small town’s residents, who say they’ve been terrorised by rogue police officers for years, were unsurprised when Reginald Linnerd was found beaten to death in a holding cell

Western Cape warned not to be complacent about flat-lining Covid-19 cases

The Western Cape, which once had the highest number of Covid-19 cases in South Africa, is seeing a steady decline in active cases

Sisulu axes another water board

Umgeni Water’s board in KwaZulu-Natal was appointed irregularly by her predecessor, the water and sanitation minister claims

Press Releases

Associate general accountant reveals why she chose to work in the public sector ­– and stayed

Rakshika Danilala is part of the team tasked with auditing the R500-billion fiscal package allocated by government to respond to the Covid-19 pandemic

Accounting for sustainability: A South African case study

The accountancy profession has been recognised and seen its models replicated as successful models for projects that contribute towards the SDGs

Debt management amid Covid-19 and beyond

This webinar on Debt Management, sponsored by Debt Rescue, had its experts share a practical approach to debt management amid this crisis and beyond

NSTF-South32 Awards

All of the awards are made for outstanding contributions to science, engineering, technology and innovation in South Africa

The benefits of being a GEMS member

The scheme offers comprehensive and affordable healthcare options to all public service employees and greater access to better healthcare

The evolution of South Africa’s savings culture

A common misconception is that you need a lot of money to start saving, but this is simply not true – you can start with R50

Tobacco producers welcome new research confirming that cigarette ban has failed

Every day that goes by shows the importance of getting rid of this ban and going back to producing and selling cigarettes as we were before

Cost increases sharing of cigarettes

Many people are questioning whether the ban on tobacco in South Africa is not in fact having the opposite effect of that intended

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