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Monday, September 23, 2019

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Tag: debt

20 consumers owe City of Cape Town nearly R160m

The Top 10 defaulting Cape Town businesses owe the City more than R120 million in debt older than 90 days and now the City is getting tough on those who are...

Debt pounds MTN shares

MTN plunged nearly 8 percent on Wednesday as its high debt and offshore woes rattled the markets, despite the group increasing its subscriber base by 6 million heads in the six...

SA’s Eskom plans to sell foreign debt sale in two months

Source: CNBCAFRICA South African power utility Eskom plans to sell foreign debt in around two months following an improvement in investor sentiment. The utility has kept its pay offer to workers unchanged in a...

City of Cape Town writes off R100m ‘bad debt’ in one month

The City of Cape Town has written off nearly R100 million as bad debt in one month alone. Explaining the write-off of R97 577 627, Trevor Blake, the City’s director...

U-turn on plans to write off billions of rands of debt in 2018

The National Credit Amendment Bill has gained significant public attention after it proposed writing off billions of rands worth of debt from every-day South Africans. The bill permits a person who,...

LAST 7 DAYS

Steinhoff has been fined R53 million for misleading markets

South Africa’s market regulator has fined retailer Steinhoff a record 53 million rand ($3.6 million) for making “false, misleading or deceptive statements” to the...

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