Tag: debt
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...
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...
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...
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...
Investors are riding an Eskom bonds bonanza
About 73% of the power utility’s bonds are guaranteed by the government, giving investors confidence to continue buying the debt.
Eskom is groaning under more...
SA reportedly considers special purpose vehicle for Eskom
South Africa is considering the creation of a special-purpose vehicle as part of a restructuring of the country’s embattled state-owned power utility, which has...
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...
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...
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...
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...
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By Larry Claasen
THE Localisation Support Fund (LSF), a private sector initiative started in 2021, as a way to help local manufacturers increase their capacity...
