Debt
South Africans battling with debt as COVID-19 relief measures end - DebtBusters
Releasing its debt index for the fourth quarter of 2020 on Thursday, the company said that with the economy in a fragile state, consumers with unsecured loans,...
He’s been asked how government plans to turnaround the parastatals which are billions of rand in debt.
On Tuesday, National Council of Provinces members met with officials from the municipality, provincial Treasury and Cooperative Governance Department.
The coalition which, comprises various civil society groups, said over the past five years, resources for public services have been cut while additional public funds have been channelled towards poorly managed and non-performing state-owned entities.
Mabuza will take oral questions from the NCOP on Thursday after postponing two previous appearances in the National Assembly due to ill health.
In April, the Argentinian-born pontiff called for debt to be reduced or cancelled in a message from an empty Saint Peter's Basilica.
The country had been saddled with worrisome economic prospects years before the pandemic and now there are fears that debt levels will reach 100% of GDP within the next few years.
At the end of July, total accumulated debt hit £2.004 trillion ($2.61 trillion, 2.2 trillion euros), the Office for National Statistics (ONS) said in a statement.
Debt in Africa’s most industrialised economy is set to breach 80% of gross domestic product next year as the government borrows more to bring the coronavirus pandemic under control.
The bank is a significant player in the agricultural sector with a market share of 29% of the country’s agricultural debt.
The landlocked central African country, impoverished despite its oil revenues, contracted a $100 million (92-million-euro) debt with Angola in 2017.
A meeting scheduled for Thursday was postponed to a later date.
In its latest quarterly report, Debtbusters said that consumers were facing massive debts, with many borrowing money to pay for necessities including food and transport.
The Debt Counselling Association of South Africa has released staggering figures that reveal 40% of South Africans who have debt are struggling to make their monthly payments.
It’s released staggering figures that reveal 40% of South Africans who have debt are struggling to make their monthly payments.
The large gap between government spending and its tax collection rates which opened up in the aftermath of the global financial crisis in 2008 was the main reason for the country’s debt explosion.
CFO at Momentum Consult Riaan Verbeek says the beneficiaries only get their inheritance once all the deceased’s debts are paid off.
Are your expenses more than your income? Warren Ingram, a personal financial advisor at Galileo Capital, shares tips to beat the debt trap.