Debt-strapped citizens are taking short term loans to ‘balance’ cash flow as wages fail to keep up with the cost of living
The additional funds from France and Germany will be used to shift South Africa to cleaner energy, so mitigating Ekom’s debt
Africa is again becoming the stage for the proxy wars of foreign powers
South African households are under financial stress due to Covid-19, with many struggling to make vehicle loan repayments 18 months into the pandemic
Where is the money without equity for startups?
The world has a chance to improve the lives of women, especially those living in Africa
The 3-minute overdraft radically reduces the time it takes for businesses to have their working capital needs met
East Asia 1998, Greece 2008, Argentina 2018. The fund knows the suffering its loans cause, yet it has gone ahead in Ecuador
Diamond-rich Botswana has offered to lend neighbouring Zimbabwe $95m in private sector loans to help ease its economic crisis
The power utility on Friday signed the loan facility with the German bank KfW, on behalf of the German government
Financial inclusion is loosely thrown around but pressure is mounting for government and the private sector to respond with solutions that can deliver
New draft credit regulations could cause the cost of debt to skyrocket, hitting the poor the hardest.
The commodity giant is puportedly trying to cut debt costs by looking for a R160-billion loan.
A R6-million interest-free loan was given to suspended CFO Jacques Schindehutte while he was being probed for misconduct, confirms Telkom.
The finance institution attributes its losses to exposure to a pressured commodities market.
It is not clear how the penalty was calculated and its timing has raised eyebrows.
Swaziland can do without a 2.4-billion rand loan that South Africa agreed to extend to the landlocked kingdom, its finance minister said.
Lenders big and small are slugging it out for the rands you are yet to earn as they race to issue unsecured loans at high interest rates