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Economy

New debt relief bill poses a financial risk to economy and consumers

Aug 18 2019 09:36

The new debt relief bill could have dire unintended consequences, warned chief economist at the Efficient Group Dawie Roodt.

    Economy

    Sunday Read: Ferial Haffajee on the 5 lessons black business can learn from the Stellenbosch Mafia

    Aug 18 2019 09:29

    Pieter du Toit’s smash-hit book called The Stellenbosch Mafia was born out of a campaign against “white monopoly capital” which was started by the global multinational Bell Pottinger for the Gupta family.

    Property

    Emigration sales intensify in Cape Town, foreign buyers play less prominent role - index

    Aug 17 2019 07:15

    Emigration sales have intensified in Cape Town and foreign buyers play a less prominent role in the Mother City's residential property market, FNB research shows.

    Economy

    UK court opens way for $9bn claim against Nigeria

    Aug 17 2019 14:26

    A British judge on Friday gave the green light for a tiny private firm to seize more than $9 billion in assets from the Nigerian government over a failed natural gas deal.

    Economy

    Court says former energy minister Jeff Radebe's ouster of Necsa board 'unlawful'

    Aug 16 2019 19:14

    The North Gauteng High Court on Friday ruled that the decision by former minister of energy Jeff Radebe to remove the board of the South African Nuclear Energy Corporation (Necsa) was unlawful

    Economy

    Banks worried over new SA law giving clients debt relief

    Aug 16 2019 18:03

    South African banks are concerned that some of their customers will get away with not having to repay their debt.

    Economy

    Molefe must pay back R10m, Eskom pension fund confirms

    Aug 16 2019 20:25

    The Eskom Pension and Provident Fund has told Fin24 that it directed its attorneys to act in line with the ruling of the North Gauteng High Court, confirming that Molefe has less than a week to pay up.

    Economy

    Holy cow: The curious case of the Free State’s cattle donations

    Aug 16 2019 16:30

    MEC for Agriculture and Rural Development William Bulwane has said the provincial department donated a grand total of 178 head of cattle in one decade, valued at R815 200. In one instance, a cow was donated for the funeral of a government worker who is still alive.

    World

    Trump’s oil sanctions leave Russian exporters $1bn richer

    Aug 16 2019 14:07

    US President Donald Trump’s sanctions against Iran and Venezuela have inadvertently increased demand for a Russian brand of crude oil, boosting revenues for the nation’s exporters.

    Inside Fin24.com

     
    Africa

    Zimbabwe has a plan to end 20-year standoff with creditors

    Aug 17 2019 13:07

    Zimbabwe’s government has said it’s ready to settle with global lenders, sell assets and make the difficult spending decisions needed for financial recovery. But with opposition protests against plunging living standards scheduled in cities nationwide, he’s in a race against time.

    Economy

    5 questions on the 'debt relief bill' unpacked

    Aug 17 2019 10:02

    The "Debt Relief Bill" allows low-income workers to extract themselves from debt through debt restructuring if they earn a gross income of R7 500 or less per month, have unsecured debt of R50 000, or have been found to be critically indebted.

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