Financial Crisis
latest news & developments
Dwindling membership, step aside rule and load-shedding — some of the ANC’s many problems
Deputy president David Mabuza on Saturday afternoon delivered a lucid overview of the state of the party’s internal challenges — and lack of funds
‘Everything increasing except wages’: inflation batters Ethiopia
After a decade of growth during the 2010s, the country has suffered setbacks, including the pandemic and a severe drought
ANC considers staff cuts, increasing membership fees to bolster finances
In a leaked recording ANC treasurer general Paul Mashatile proposes staff cuts
We sacrifice for Covid, so we can fight global warming
We just have to ask ourselves if we are as willing to sacrifice to save our grandchildren as we have shown ourselves to be when it came to trying to save older people, the sick…
Financial distress? What distress?
The M&G went looking for financial distress in South Africa. This is what we found.
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.
Greek referendum: A yes vote would be messy, a no even messier
Referendums settle matters definitively, right? Not in Greece. Both outcomes next Sunday would raise as many questions as they answer.
Global markets plunge as Greece shuts banks
Markets across the world tumble as Greece orders its banks to shut for a week and imposes capital controls after its citizens emptied ATMs.
Greek debt crisis: Key points of Athens bank controls
Greece’s Alex Tsipras publishes a decree in the official government gazette setting out the capital controls to be imposed on the country.
Cracks showing in economic crust
Reading the International Monetary Fund’s half-yearly global financial stability review feels similar to watching smoking volcanoes.
Eskom is likely to remain in the financial red
Moody’s Investors Service are not holding out on Eskom’s finances improving any time soon, and neither should the country.
Our next financial crisis – due in 2015
Financial crises come round every seven years or so – if history is a guide, the next crisis should come along some time soon.
Closer ties needed to avoid future banking crisis
Policy group calls for banking supervisors to be paid more.
‘Don’t just blame the bankers for the crisis’
The outgoing governor of the Bank of England has called on the British people not to "demonise" bankers.
IMF: World economy risks new phase of financial crisis
The IMF has warned that the repair job on the world’s financial system is partly completed and failure to finish it risks a new phase for the crisis.