The University of Canberras National Centre for Social and Economic Modelling (NATSEM) has modelled the impact of the changes to the HELP debt repayments the government announced this week. The government proposes increases in the student contribution to course fees totalling 7.5%, and is lowering the first income threshold for HELP repayment at present just…
Debt relief for Greece will be looked into at the next Eurogroup meeting on 22 May, according to Jeroen Dijsselbloem. The president of the informal body of the eurozone’s finance ministers made the announcement during a plenary debate in Parliament on 27 April. He also apologised to MEPs about recent remarks that proved controversial. Greece…
Consumers who are trying to better understand how debt consolidation can help them manage their payments better can read up on an article published recently by National Debt Relief. The article titled “How to Get and Pay Off a Debt Consolidation Loan in North Las Vegas” which was published April 7, 2017 explains the different…
News Tuesday, May 2, 2017 21:35 By JAMES KARIUKI David Ashiagbor, MFW4A co-ordinator. PHOTO | SALATON NJAU Kenyas heavy debt burden could be managed without hurting ongoing execution of the mega infrastructure projects if the government taps into the multi-billion shilling pension funds. That was the verdict…
The statistics show 12,190 Scottish debtors became subject to a formal debt remedy in 2016/17. This was a year-on-year increase of 16 per cent on the 10,515 who entered a remedy in 2015/16. This increase is the first overall increase in numbers for five years. The figures released show that although there is an overall…
Days after the Federal Government announced a uni student fee hike, a national report has found students have higher rates of mental health problems than non-students, and being loaded with debt doesn’t help. The report by the National Centre of Excellence in Youth Mental Health, Orygen, lists some key reasons why uni students struggle with…
The first quarter didn’t go quite as well as Genesee & Wyoming (NYSE: GWR) planned. While the regional rail operator enjoyed the benefits from the first full quarter of operations at two recent acquisitions, several other issues weighed on earnings, which sank during the quarter. That said, the company expects to put many of these matters in the…
JOHANNESBURG (miningweekly.com) Dual-listed alluvial diamond miner Rockwell Diamonds move to file for business rescue to ensure any liquidation order is automatically stayed, has inadvertently removed the urgency it sought to establish by bringing forward the hearing date for the interim liquidation order against three of its subsidiaries. Following the March 23 interim liquidation order against…
A 100% black-owned Port Elizabeth construction company faces liquidation, with the resultant loss of 300 jobs, following claims that the Nelson Mandela Bay Municipality owes it R117-million. The Port Elizabeth High Court has provisionally wound up Masakeni Construction (Pty) Ltd, ordering a commission of inquiry in terms of the Companies Act. Masakeni director Khwezi…
Almost one in two baby boomers expect to retire with debt because theyre still supporting their kids and elderly parents, a new report has found. Dubbed the ‘sandwich generation’, older working Australians are providing for their parents medical costs and health expenses while also helping out their own children with education and everyday expenses, and…