Debt
Kganyago: Trade-offs essential to avoid debt that will burden future generations
He said politicians need to realise there was no such thing as a free lunch.
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Kganyago: Politicians must understand there's no such thing as a free lunch
South African Reserve Bank Governor, Lesetja Kganyago, said that future generations of South Africans should not be saddled with massive debt run up by politicians looking for short-term gains.
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US may exhaust funds Oct 18 unless debt limit raised: Yellen
After that date, Treasury's funds "would be depleted quickly" and "it is uncertain whether we could continue to meet all the nation's commitments after that date," she said in a letter to congressional leaders.
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DebtBusters: South Africans spend more of their salaries on servicing debt
DebtBusters found that people applying for counselling with a take-home pay of over R20,000 per month are spending 60% percent of their monthly net income servicing debt.
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BONGA MAKHANYA: Why Tito Mboweni's austerity is bad for growth
Countries should actually be spending their way out of a crisis and not tightening belts, writes Bonga Makhanya.
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Eskom: Municipalities owe us R35bn and we want that money
The power utility presented the state of its systems at Megawatt Park on Monday.
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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, or loans not backed by assets were under severe financial pressure.
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Mabuza grilled by MPs on Eskom, SAA’s financial woes
He’s been asked how government plans to turnaround the parastatals which are billions of rand in debt.
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Emalahleni’s R4bn Eskom debt increased by land invasions, MPs told
On Tuesday, National Council of Provinces members met with officials from the municipality, provincial Treasury and Cooperative Governance Department.
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BJC accuses govt of focusing on debt reduction at expense of the economy
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.
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WATCH LIVE: Mabuza faces tough questions from NCOP
Mabuza will take oral questions from the NCOP on Thursday after postponing two previous appearances in the National Assembly due to ill health.
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Pope steps up call for poor country debt cancellation
In April, the Argentinian-born pontiff called for debt to be reduced or cancelled in a message from an empty Saint Peter's Basilica.
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South Africans urged to scale back on spending to clamp down on rising debt
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.
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UK government debt exceeds £2 trillion for first time
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.
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SA's failure to lower debt could trigger downgrade - Fitch
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.
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Land Bank in talks with lenders to restructure its debt, Parly told
The bank is a significant player in the agricultural sector with a market share of 29% of the country’s agricultural debt.
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Cash cows: Chad repays $100-mln Angola debt with cattle
The landlocked central African country, impoverished despite its oil revenues, contracted a $100 million (92-million-euro) debt with Angola in 2017.
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Prasa to submit payment proposal to CoCT relating to municipal debt
A meeting scheduled for Thursday was postponed to a later date.
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Consumers spending 64% of income to service debts - report
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.
