Debt-strapped citizens are taking short term loans to ‘balance’ cash flow as wages fail to keep up with the cost of living
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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