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Saturday, March 28, 2020

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Tag: debt

Ascending the debt pile

CAPE TOWN-based pharmaceuticals giant Ascendis – which was concocted by Steenberg-based private equity investor Coast2Coast – remains under serious debt stress. Ascendis had been looking to capitalise on unsolicited interest in its...

Don’t break the bank this Festive season

With the festive season picking up steam, and the anticipation of a 13th annual paycheque, the National Credit Regulator (NCR) is urging consumers that while they may be looking forward to...

Eskom’s millionaire managers demand more money, crying ‘it’s unfair’

This comes days after Eskom announced a more than R20 billion net loss in the last financial year. Eskom has confirmed it has been taken to the Commission for Conciliation, Mediation and...

Standard Bank can’t deduct money from your account to settle debts anymore

Standard B ank has been prevented from deducting money from their customer's accounts to settle debts without their permission following last week’s High Court ruling in favour of the National Credit Regulator...

Eskom’s gain is SA’s pain as investors balk at debt

South African President Cyril Ramaphosa’s latest pledge to support Eskom is good news for the cash-strapped electricity company — but some investors are balking at the prospect of increased sovereign-bond issuance to...

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Crisis Tips for SMEs

Displaying leadership It was recently reported by ratings agency S&P Global that the coronavirus outbreak has plunged the world into a recession. On the home...

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