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DEBT

RAF amendment bill could boost loss of support claim expenditure by 70%
Article
/ 28 January 2019

RAF amendment bill could boost loss of support claim expenditure by 70%

Opponents of Rabs say inadequate research and consultation have been done

By Jacques Coetzee
No end to Eskom bailout furore
Article
/ 25 January 2019

No end to Eskom bailout furore

The utility is labouring under a debt burden of about R420-billion and its cash from operations is not enough to service its interest payments

By Lynley Donnelly
Eskom aims to shed its debt load
Article
/ 7 December 2018

Eskom aims to shed its debt load

But critics say shifting liability to the state could have unintended consequences for the economy

By Lynley Donnelly
Municipalities’ unpaid water bills increase to a whopping R13.1bn
Article
/ 15 November 2018

Municipalities’ unpaid water bills increase to a whopping R13.1bn

It is not only municipalities at fault. Government and provincial departments also owe a portion of the R13.1-billion debt

By Staff Reporter
SA footballers still haunted by black tax and lavish living
Article
/ 26 October 2018

SA footballers still haunted by black tax and lavish living

Professional footballers, who have to retire young, need different investment vehicles

By Luke Feltham
Africa’s new debt crisis
Africa
/ 25 October 2018

Africa’s new debt crisis

On the continent where many countries faced bankruptcy in the 1990s, once again the outlook is grim. This time around, help is harder to find

By Deutsche Welle 1
JSE cleans up after scandals
Article
/ 5 October 2018

JSE cleans up after scandals

New proposals will give the stock exchange greater oversight and introduce more transparency

By Tebogo Tshwane
Debt relief won’t be a quick fix
Article
/ 14 September 2018

Debt relief won’t be a quick fix

Writing off debts of the poor, as laid out in a Bill before Parliament, may take up to seven years

By Tebogo Tshwane
SABC debt close to R700m
Article
/ 22 August 2018

SABC debt close to R700m

The SABC’s financial situation is dire says SABC board chairperson Bongumusa Makhathini

By Jan Gerber
WATCH LIVE: Auditor-General releases municipal audit results
Article
/ 23 May 2018

WATCH LIVE: Auditor-General releases municipal audit results

Auditor-General Kimi Makwetu will report back on the audit results of the country’s municipalities for the 2016/2017 financial year

By Staff Reporter
Editorial: Kick the credit habit, Africa
Article
/ 11 May 2018

Editorial: Kick the credit habit, Africa

‘Like a compulsive shopper using one credit card to pay off another, too many African governments are taking on too much debt far too casually’

By Editorial
Eskom signs R20bn credit facility amid ‘unfortunate’ downgrade
Article
/ 28 February 2018

Eskom signs R20bn credit facility amid ‘unfortunate’ downgrade

​S&P Global Ratings has again downgraded the long-term debt of Eskom

By Jan Cronje
Eskom board faces massive clean-up job
Article
/ 30 January 2018

Eskom board faces massive clean-up job

Although auditors have cautioned the new board on its financial health, the newly appointed board is positive that it can turn things around

By Thulebona Mhlanga
Debt collection’s not a dream job
Article
/ 12 January 2018

Debt collection’s not a dream job

The really tough business of smooth talking money from empty pockets

By Staff Reporter
IMF sounds alert over debt in largest economies
Article
/ 12 October 2017

IMF sounds alert over debt in largest economies

For the first time in years the IMF is optimistic about global economic growth, but debt is mounting in the world’s largest countries.

By Agence France Presse
Emerging market boom skips SA
Article
/ 6 October 2017

Emerging market boom skips SA

Foreign investors are dumping local equities, though an interest in bonds is helping out the treasury

By Staff Reporter
ConCourt rules on new owners’ historical debt
Article
/ 29 August 2017

ConCourt rules on new owners’ historical debt

"The high court application saw property owners take on Tshwane and Ekurhuleni for cutting municipal services to home owners who had inherited debt."

By Staff Reporter
Debt gobbles teachers’ pensions
Article
/ 17 February 2017

Debt gobbles teachers’ pensions

Educators want to draw on funds while they are working, rather than resigning to get money

By Prega Govender
The human cost of varsity debt
Article
/ 17 February 2017

The human cost of varsity debt

Five students tell of their struggles to get funding to make their career dreams a reality.

By Mishka Wazar
South Africa has a new energy plan. But will it break the bank?
Article
/ 28 November 2016

South Africa has a new energy plan. But will it break the bank?

The recently updated Integrated Resource Plan calls for significant investment in South Africa’s power supply. But can the country afford it?

By Staff Reporter
The Donald exacerbates debt tsunami
Article
/ 18 November 2016

The Donald exacerbates debt tsunami

The biggest pile of dollar bonds ever is coming due, which raises the spectre of major defaults.

By Staff Reporter
​The nightmare on e-toll street: Sanral is in massive debt that is mounting rapidly
Article
/ 19 August 2016

​The nightmare on e-toll street: Sanral is in massive debt that is mounting rapidly

The road agency’s debt is mounting rapidly and is six times greater than it was in 2007.

By Staff Reporter
​Africa needs innovative debt to grow, and is turning to international markets
Article
/ 25 July 2016

​Africa needs innovative debt to grow, and is turning to international markets

"Diaspora bonds" and remittances could be two ways to advance the continent’s economy

By Staff Reporter
Are we heading for an African debt crisis?
Article
/ 11 February 2016

Are we heading for an African debt crisis?

There are concerns that many nations on the continent have overborrowed and won’t be able to pay their debts.

By Staff Reporter
Pay off your debts – and don’t take on any more
Article
/ 14 January 2016

Pay off your debts – and don’t take on any more

Behaviour of the rand influenced by political and structural factors, but also by cyclical factors.

By Lynley Donnelly
Eskom a ‘bond-buying’ opportunity
Article
/ 22 August 2015

Eskom a ‘bond-buying’ opportunity

The utility may struggle to keep the lights on, but its debt is attractive to international investors.

By Andre Janse Van and Vuuren 1
Lawyers in debt collection loophole
Article
/ 6 August 2015

Lawyers in debt collection loophole

Debate has been raging over which regulations legal firms must adhere to when they collect their fees.

By Staff Reporter
Ignore lessons from Greece at our peril
Analysis
/ 30 July 2015

Ignore lessons from Greece at our peril

Inflated state salaries, rising debt and a high social grant bill leave South Africa vulnerable.

By Staff Reporter
Weary world beggared by borrowing
Article
/ 16 July 2015

Weary world beggared by borrowing

About 95 countries are either in a debt crisis or facing one, but South Africa isn’t one of them.

By Staff Reporter
Debt finds a way around the law
Article
/ 16 April 2015

Debt finds a way around the law

A new book by Deborah James illustrates how capital finds new means to exploit those most vulnerable.

By Staff Reporter
Report legal team, says advocate in landmark garnishee case
Article
/ 17 February 2015

Report legal team, says advocate in landmark garnishee case

Fifteen consumers are in a bid to have their emolument attachment orders declared illegal on the grounds that they are unconstitutional.

By Staff Reporter
African Bank underestimates soured loans, slides to loss
Article
/ 19 May 2014

African Bank underestimates soured loans, slides to loss

The unsecured lender’s interim results show a loss of R4.4-billion as its customers struggle to repay loans.

By Staff Reporter
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