(Bloomberg) — South Africas debt levels will exceed 100% of gross domestic product in 2025 and rise to almost 114% before the end of the decade, according to a document presented by Finance Minister Tito Mboweni and seen by Bloomberg. Mboweni made the presentation to the National Economic Development and Labour Council on Friday, according…
COVID-19 update While COVID-19 continues to spread in some areas of Africa, other countries look to open up. As of this writing, Africa has registered over 275,000 cases and over 7,00 deaths, though testing remains relatively low. Experts do not believe, however, that Africa is out of the woods yet: Earlier this week, the World…
If you’re struggling with a lot of credit card debt, using a personal loan fordebt consolidationmay seem like a silver bullet. One of the most talked-about benefits of using a debt consolidation loan is that it simplifies your payments. Instead of making payments to a handful of credit card accounts with variable APRs, you can…
We see them quite often, those helpline numbers offering specialist help for a variety of community concerns. But when you call that number, who is going to be on the other end of the line? Wagga’s Nick Georgiou is one of the people who you might encounter if you pick up the phone to get…
We see them quite often, those helpline numbers offering specialist help for a variety of community concerns. But when you call that number, who is going to be on the other end of the line? Wagga’s Nick Georgiou is one of the people who you might encounter if you pick up the phone to get…
If you are someone who, in the wake of the recent recession, is behind on credit card payments and lacking cash flow or just facing a financial hardship in general, you may be able to negotiate your credit card debt. Negotiating, or settling, your debt means paying it off for much less than what you…
A global campaign movement is pushing for the debt relief for Africa nations and other poor nations due to the COVID 19 pandemic be extended to cover all of 2021. The movement called ONE says debt relief is one of the fastest, most effective means of freeing up cash in developing country budgets. It says…
Recent studies reveal that debt consolidation is the top reason why people take out personal loans. According to an Aprilstudyby Bankrate that analyzed responses from more than 160,000 applicants, debt consolidation was the most reported reason for getting a loan in quarter one, at 38%. An additional 5% of applicants in Bankrate’s study selected credit…
Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective. A personal loan can be a helpful tool for consolidating and paying off credit-card debt.…
COVID Fallout: Provincial government moves to mediate debt-relief for Phuket businesses PHUKET: The Phuket Provincial Government is calling for financial institutions to discuss terms for repayment of outstanding debts among local businesses as many are suffering heavily from the fallout of the COVID-19 lockdown provisions. Financial institutions, including banks and non-banks, were invited to discuss…