Financial Crisis

​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.

Cyprus President calls on country to share weight of financial burden

Banks have opened for normal business for the second day, but with strict restrictions still in place on how much money their clients can access.

Latest

From the archives: For the first time, an insiders’ account of the Third Force

Two young gangsters give an horrific account of how they were encouraged, equipped and trained to carry out violence against ANC-linked targets by the security forces.

Ramaphosa bets big on infrastructure to boost economy

Sona was a mixed bag but there were some meaningful announcements

Stranded commuters say Ramaphosa’s rail promises ring hollow

Cape Town’s largest passenger rail line has been closed for months, hitting people’s pockets and adding to road traffic congestion

Press Releases

Response to the report of the independent assessors

VUT welcomes the publishing of the report of the independent assessors to investigate concerns of poor governance, leadership, management, corruption and fraud at the university.

NWU student receives international award

Carol-Mari Schulz received the Bachelor of Health Sciences in Occupational Hygiene Top Achiever Award.

Academic programme resumes at all campuses

Lectures, practicals, seminars and tutorials will all resume today as per specific academic timetables.

Strategic social investments are a catalyst for social progress

Barloworld Mbewu enables beneficiaries to move away from dependence on grant funding

We all have a part to play to make South Africa work

Powering societal progress demands partnerships between all stakeholders

So you want to be a social entrepreneur?

Do the research first; it will save money and time later

Social entrepreneurship means business

Enterprises with a cause at their core might be exactly what our economy desperately needs

Looking inwards

Businesses are finding tangible ways to give back – but only because consumers demand it