Latest articles on LOANS

Times of unprecedented crisis present unique opportunities for unprecedented action

The world has a chance to improve the lives of women, especially those living in Africa

Over R400-m given to businesses since launch of three-minute overdraft

The 3-minute overdraft radically reduces the time it takes for businesses to have their working capital needs met

IMF wilfully takes austerity road

East Asia 1998, Greece 2008, Argentina 2018. The fund knows the suffering its loans cause, yet it has gone ahead in Ecuador

Botswana extends credit line to Zimbabwe

Diamond-rich Botswana has offered to lend neighbouring Zimbabwe $95m in private sector loans to help ease its economic crisis

Eskom secures R1.35bn loan for renewable energy

The power utility on Friday signed the loan facility with the German bank KfW, on behalf of the German government

Pressure mounts for govt, private sector to put more work into financial inclusion

Financial inclusion is loosely thrown around but pressure is mounting for government and the private sector to respond with solutions that can deliver

Never been costlier to take loans

New draft credit regulations could cause the cost of debt to skyrocket, hitting the poor the hardest.

Glencore said to seek $15-bn loan to cut interest costs

The commodity giant is puportedly trying to cut debt costs by looking for a R160-billion loan.

Telkom gave suspended CFO R6m loan during investigation

A R6-million interest-free loan was given to suspended CFO Jacques Schindehutte while he was being probed for misconduct, confirms Telkom.

The IDC’s bad loans are at historic levels

The finance institution attributes its losses to exposure to a pressured commodities market.

Credit regulator under fire over bank fine

It is not clear how the penalty was calculated and its timing has raised eyebrows.

Swaziland ‘will live without’ R2.4bn loan from SA

Swaziland can do without a 2.4-billion rand loan that South Africa agreed to extend to the landlocked kingdom, its finance minister said.

Cashing in on indebted consumers

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

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Latest

Covid-overflow hospital in ruins as SIU investigates

A high-level probe has begun into hundreds of millions of rand spent by the Gauteng health department to refurbish a hospital that is now seven months behind schedule – and lying empty

Zuma won’t appear before Zondo commission on Monday, say his lawyers

Last year the commission asked the Constitutional Court to force the former president to appear. Although ruling has not been made, the summons remains valid, but Zuma’s lawyers say they won’t honour it

Molefe blames Ramaphosa for Eskom’s woes in statement to Zondo commission

Brian Molefe guns for Cyril Ramaphosa, alleging that the president’s relationship with Glencore was only a ploy to siphon money out of Eskom

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