loans

 
IMF wilfully takes austerity road
IMF wilfully takes austerity road
The process of selecting the International Monetary Fund’s (IMF’s) next managing director must change. In particular, the tradition of choosing...
Botswana extends credit line to Zimbabwe
Botswana extends credit line to Zimbabwe
The $95-million credit line to Zimbabwe is earmarked for the private sector and revival of struggling industries. Although this is a drop in the...
Eskom secures R1.35bn loan for renewable energy
Eskom secures R1.35bn loan for renewable energy
Eskom has locked down a R1.35-billion loan from the German Development Bank to support the integration of renewable energy projects into the...
Pressure mounts for govt, private sector to put more work into financial inclusion
Pressure mounts for govt, private sector to put more work into financial inclusion
Financial inclusion is a term that is often used loosely but pressure is mounting for government and the private sector to respond with innovative...
Never been costlier to take loans
Never been costlier to take loans
On June 25 the minister of trade and industry published draft regulations in terms of the National Credit Act, which, if adopted, will cause the...
Glencore said to seek $15-bn loan to cut interest costs
Glencore said to seek $15-bn loan to cut interest costs
Glencore Xstrata is seeking to cut debt costs by replacing credit lines with a $15-billion (R159.77-billion) loan, according to four people with...
Telkom gave suspended CFO R6m loan during investigation
Telkom gave suspended CFO R6m loan during investigation
Telkom SA, Africa's largest fixed-line operator, gave its chief financial officer Jacques Schindehutte a R6-million, interest-free...
The IDC’s bad loans are at historic levels
The IDC’s bad loans are at historic levels
The impairments and write-offs amassed by the Industrial ­Development ­Corporation are at the highest level in the institution’s 73...
Credit regulator under fire over bank fine
Credit regulator under fire over bank fine
The National Credit Regulator (NCR) has recommended that a large fine be imposed on South Africa's largest lender of unsecured loans, African...
Swaziland 'will live without' R2.4bn loan from SA
Swaziland 'will live without' R2.4bn loan from SA
The loan was agreed in 2011 as Swaziland grappled with an acute funding crisis. South Africa was due to release the first tranche of the bailout last...
Cashing in on indebted consumers
Cashing in on indebted consumers
Traditionally, banks have made their money through bigger, longer-term loans that are secured to assets such as property and cars. However, slow...

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