Debt
latest news & developments
More workers in SA turn to debt and gambling
The financial gap in South Africa is growing, with many workers increasingly relying on debt and gambling to make ends meet, according to the Old Mutual Savings & Investment…
Unite, from Soweto to the Sahara
South Africans are protesting unemployment, poor services, and crime, but their anger is misdirected. This article argues that African immigrants are not the enemy; the real…
Namibia shifts borrowing strategy as eurobond matures
Finance Minister Erica Shafudah said the combined approach allows Namibia to settle the external bond without straining social spending or foreign-exchange reserves
Debt, heat and uprisings: What Seville failed to solve
The UN Financing for Development Summit failed to deal with the real issue of funding Asian, African and other countries who are hit hardest by the climate crisis yet contribute…
The privatisation agenda will not save South Africa
The state has tried the neoliberalism model in various forms for 31 years, and it has not worked
Why a review of the White Paper on Local Government matters
The key assumption that municipalities would raise enough revenue to fund most of their operational expenditure needs to be revisited
Africa’s G20 moment: A moral call for justice and global solidarity
Hunger, exclusion from education and Africa’s debt is more than policy failure, inequality and poor planning, it is the theft of dignity, potential and oppression
Public sector wage bill must be contained – but not by DOGE methods
Pressure can be relieved in a number of ways such as cutting consultants and reducing staffing in non-core areas such as state-owned entities, as well as ministerial office staff
Rising debt, inefficiencies are draining South Africa’s fiscus, finance committees say
The chairs of parliament’s finance committees say the country is on a fiscal cliff and the minister has to make difficult choices in his budget this week
Unpaid electricity charges? Be prepared to be left in the dark
The court highlighted the tension between the rights of a body corporate to be reimbursed for the payments made and the right of a respondent to have electricity supplied
Budget: How will Godongwana divide the nation’s piggy bank?
South Africa has a R2 trillion budget to fix the economy. It’s a big ask
Power Play: New electricity law leaves municipalities in the dark on debt
If the amendment to the Electricity Act is to be effective, fiscal instability at local government level needs to be tackled
Young professionals’ financial struggles tied to psychological scars left by colonial, apartheid past
The pressure to succeed financially, combined with the lingering effects of poverty, creates a toxic cycle of consumption, debt and financial instability
Austerity measures will rein in South Africa’s growing debt
Accumulated gross debt is expected to stabilise at R6.2 trillion or 74% of GDP by 2026. The annual cost of servicing this deb in that year will be R440 billion
South Africa gets more funding for the just energy transition
How the government plans to repay the money is being questioned