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…
There are a number of consumers who are falling into debt relief scams and this is where National Debt Relief’s article comes in handy. The article titled “How To Spot A Debt Relief Scam” published April 6, 2017 looks at some of the telltale signs that lets people know they are dealing with scrupulous individuals.…
ALL this talk from politicians about good debt and bad debt is just another way of confusing the issue. Treasurer Scott Morrison’s new approach to ‘good’ and ‘bad’ debt will be interesting to hear when he cuts details of the Budget 2017-18 loose at approximately 7.30pm (AEST) on Tuesday 9 May 2017, as he commences…
Baby boomers who have shelled out a collective $200 billion over the course of their lives to help their adult children and other family members cover expenses like housing, weddings and healthcare are putting their own comfortable retirement at risk according to a new survey. A white paper commissioned by one of Australia’s largest superannuation…
Almost half of older working Australians expect to retire with credit card, mortgage and bill debt after helping their children. REST Industry Super research shows the “sandwich generation” are being squeezed financially by their children and parents. The survey of 1048 Australians aged over 35 found one in four expected to retire with credit card…
Treasurer Scott Morrison has laid the foundations for more of that good debt in the federal budget next Tuesday and less of that bad stuff. Good is good and bad is bad, right? If only economics, budget management and politics were so simple. Unfortunately for Scott Morrison’s good/bad debt distinction, some recurrent spending can be…
SAN JUAN, Puerto Rico U.S. President Donald Trump said on Thursday that he is opposed to a push to help Puerto Rico resolve its $70 billion debt load as the U.S. territory faces looming austerity measures amid a deep economic crisis. Continue Reading Below Trump issued a Twitter blast aimed at efforts to help the…
The loan is worth 22 million euros. The World Bank Executive Board approved on Friday a 22 million euro loan and a 350 million euro guarantee to Croatia for the modernization and restructuring of the road sector, reports tportal.hr on April 29, 2017. The project of restructuring and modernization of the road sector aims to…
The Treasurer, Scott Morrison, strayed into some rather silly territory this week in a speech seeking to lay down a new set of markers for the budget, divvying up government debt into “good” and “bad” debt. In a small way, it’s nice to have a concession at last – that government debt is not always…