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Financial Crisis

Dwindling membership, step aside rule and load-shedding — some of the ANC’s many problems
Politics
/ 17 December 2022

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

By Mandisa Nyathi
‘Everything increasing except wages’: inflation batters Ethiopia
Africa
/ 17 December 2022

‘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

By Aymeric Vincenot
ANC considers staff cuts, increasing membership fees to bolster finances
Politics
/ 9 May 2021

ANC considers staff cuts, increasing membership fees to bolster finances

In a leaked recording ANC treasurer general Paul Mashatile proposes staff cuts

By Lizeka Tandwa
We sacrifice for Covid, so we can fight global warming
Coronavirus
/ 2 July 2020

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 and the poor from Covid-19

By John Davenport
​Financial distress? What distress?
Article
/ 20 October 2016

​Financial distress? What distress?

The M&G went looking for financial distress in South Africa. This is what we found.

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
Greek referendum: A yes vote would be messy, a no even messier
Article
/ 30 June 2015

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.

By Staff Reporter
Global markets plunge as Greece shuts banks
Article
/ 29 June 2015

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.

By Roland Jackson
Greek debt crisis: Key points of Athens bank controls
Article
/ 29 June 2015

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.

By Staff Reporter
Cracks showing in economic crust
Article
/ 16 April 2015

Cracks showing in economic crust

Reading the International Monetary Fund’s half-yearly global financial stability review feels similar to watching smoking volcanoes.

By Larry Elliott
Eskom is likely to remain in the financial red
Article
/ 3 February 2015

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.

By Sapaxxxx
Our next financial crisis – due in 2015
Article
/ 21 January 2014

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.

By Larry Elliott
Closer ties needed to avoid future banking crisis
Article
/ 1 November 2013

Closer ties needed to avoid future banking crisis

Policy group calls for banking supervisors to be paid more.

By Jill Treanor
‘Don’t just blame the bankers for the crisis’
Article
/ 24 May 2013

‘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.

By Graeme Wearden
IMF: World economy risks new phase of financial crisis
Article
/ 18 April 2013

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.

By Larry Elliott
Cyprus President calls on country to share weight of financial burden
Article
/ 29 March 2013

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.

By Sapa
Year-end optimism over Italian financial market
Article
/ 30 December 2012

Year-end optimism over Italian financial market

Italy is ending 2012 on an upbeat note, with renewed market confidence and optimism among analysts that the worst of the financial crisis is over.

By Staff Reporter
Department boss calls for urgent help
Article
/ 23 September 2011

Department boss calls for urgent help

The department of cooperative governance and traditional affairs is seeking a chartered accountant to rescue it from its worst financial crisis.

By Mmanaledi Mataboge and Charles Molele
No image available
Article
/ 25 May 2011

How to tell if you are facing a financial crisis

If you recognise any of these signs in your own life, it’s time to face the truth that your financial security and future well-being are at risk.

By Gary Wilde
No image available
Article
/ 16 April 2011

G20 backs early-warning plan against future crises

Leading world economies agreed to put the policies of seven nations under a microscope as part of a plan to prevent a repeat of the financial crisis.

By Daniel Flynn
No image available
Article
/ 10 March 2011

IMF: Oil rich Qatar to grow 20% in 2011

The economy of Qatar — the world’s wealthiest country per capita — will grow a breathless 20% in 2011, the IMF said on Wednesday.

By Staff Reporter
Ireland’s boom is over. But it still has the web
Article
/ 28 November 2010

Ireland’s boom is over. But it still has the web

With its property wealth and optimism dissipated, the republic needs a future: its small but hardy technology sector could provide it.

By Jemima Kiss and Charles Arthur
No image available
Article
/ 27 November 2010

Ireland set for rescue, contagion fears remain

Ireland is poised to become the second eurozone country after Greece to seal a bail out but few expect the rescue to end a deep crisis.

By Peter Graff
SA’s economic recovery ‘fragile’, says Marcus
Article
/ 7 July 2010

SA’s economic recovery ‘fragile’, says Marcus

SA’s economy is recovering, but the recovery is "fragile and hesitant", South African Reserve Bank Governor Gill Marcus said on Wednesday.

By Staff Reporter
No image available
Article
/ 25 June 2010

US lawmakers agree on historic Wall Street reform

United States lawmakers finalised an historic overhaul of financial regulations as dawn broke over Capitol Hill on Friday.

By Andy Sullivan and Charles Abbott
No image available
Article
/ 19 May 2010

IMF praises SA’s performance during financial crisis

The South African government performed "really well" during the recent global financial crisis, the International Monetary Fund said on Wednesday.

By Janice Roberts
No image available
Article
/ 11 May 2010

Germany backs euro package as markets sober up

Germany’s Cabinet has approved the biggest national contribution to a $1-trillion emergency rescue package intended to stabilise the euro.

By Staff Reporter
No image available
Article
/ 10 May 2010

EU, IMF agree $1-trillion emergency fund

Policymakers unleashed a rescue package worth about $1-trillion to stabilise markets and prevent the Greek debt crisis from destroying the euro.

By Julien Toyer
No image available
Article
/ 8 May 2010

New regulations likely as US probes big stock dive

President Barack Obama said on Friday that regulators would look for ways to prevent a repeat of Thursday’s mysterious stock market meltdown.

By Jonathan Spicer and Rachelle Younglai
Fears of Greek contagion sweep global markets
Article
/ 6 May 2010

Fears of Greek contagion sweep global markets

Greece’s economic crisis sent shivers of fear through global markets on Thursday over concern it could spread like wildfire through Europe and beyond.

By Renee Maltezou and Dave Graham
Greeks to ramp up protests, euro hit by contagion fear
Article
/ 5 May 2010

Greeks to ramp up protests, euro hit by contagion fear

Greece is likely to grind to a halt on Wednesday as protests intensify against draconian measures to secure financial aid.

By Lefteris Papadimas
No image available
Article
/ 3 May 2010

Greece promised rescue package, but investors wary

European nations aim to formally launch the biggest financial bail-out of a country this week and hope it will bring calm to the markets.

By Lefteris Papadimas and Jan Strupczewski
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