Kenya’s double-digit debt costs sign of the tough times
Kenya has just taken a calculated risk that paying more than 10% on a new international bond.
City of Tshwane on expenditure cut drive
The City of Tshwane has set itself an ambitious target of reducing expenditure to R1-billion.
Developing countries spent record $443.5 bln to service public debts
Developing countries spent nearly half a trillion dollars to service public debt in 2022.
Global debt hits record $307 trillion, debt ratios climb – IIF
Global debt hit a record $307 trillion in the second quarter of the year despite rising interest
SA consumers battling to honour debt repayments
Consumers are under pressure from the high cost of living, with many unable to keep up with debt
Ghana agrees restructuring deal with banks on some domestic debt
Ghana has reached an agreement with banks to restructure 15 billion Ghana cedi ($1.36 billion) of
Debt shadow may hang over Kenya’s next President
Kenya’s economic output has more than doubled during President Uhuru Kenyatta’s 10 years in office,
City of Tshwane meets deadline to pay almost R 900-million debt to Eskom
The City of Tshwane has met Thursday’s deadline of paying close to R 900-million of the debt it owes
Middle income households survive on 20 percent of their salary: Study
A study by FNB estimated that it takes an average of five days for a middle-income consumer to spend
Civil judgments for debt non-payment has spiked: StatsSA
Data released by StatsSA shows that the total number of civil judgments recorded for debt increased
Free State government determined to reduce debt at various municipalities
Free State Finance MEC Gadija Brown says they are determined to reduce government debt for rates and
Eskom receives a further R88 billion to cover debt
Despite his tough love towards ailing state-owned companies, Finance Minister Enoch Godongwana says
Civil summons issued for debt increase to 12.5% in 2021
StatsSA’s newly released data shows that the total number of civil summonses issued for debt last
We are disconnecting networks to make sure our equipment does not fail: Eskom Manager
Eskom Senior Manager for maintenance and operation in Gauteng, Mashangu Shivhambu says lack of
Old Mutual research finds South Africans are getting more in debt
The 2021 Old Mutual Savings and Investment Monitor found that around 43 % of the 15 000 participants
Overdue debt balances increased by R33 billion in 2020: National Debt Advisors
Ahead of Savings Month, which is in July, concerns have been raised over the use of more credit
City of Cape Town writes off R300 million debt owed by residents
The City of Cape Town has written off debt of about R300 million in rates owed by residents. Mayor
Investors welcome Eskom’s R83-billion debt reduction
Investors have cheered news that Eskom managed to reduce its debt by R83 billion in the year to
Wits SRC threatens to continue protests against financial exclusion
The Wits University Student Representative Council (SRC) has threatened to continue protesting at
SA will still have high debt-servicing costs beyond 2023: Sachs
Former Director of National Treasury Michael Sachs has warned that South Africa will still have high