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Tag: debt

SA may face a R97 billion debt crisis this week

South Africa will come face-to-face with the risk of a R97.9 billion debt sellout this week, as it braces itself for two concurrent credit status rulings. This judgement will decidedly...

December fuel hike will leave consumers indebted and hungry – Economist

The proposed fuel hike in December is expected to hit indebted consumers the hardest. Consumers are in for another price hike with fuel expected to swell by up to 70...

South Africa’s eskom not insolvent but facing cashflow trouble

South Africa’s scandal-plagued power utility Eskom said on Monday it was not insolvent but was facing serious liquidity issues and would be in “trouble” if the situation persisted. Eskom, the...

Local banks demand R5 billion leaving SAA in distress

The embattled national carrier, South African Airways (SAA) has until the end of October 2017 to honour another R5bn debt obligation, this time to local lenders. In a report to...

SAA: The black hole consuming SA’s resources

South African Airways has become a black hole that is simply consuming the resources of the country and it would be irresponsible to pour any more good money into the failing...

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