NCOP approves R230bn Eskom Debt Relief Bill

The bill adjusts the Eskom debt relief allocation for the 2025/26 financial year from R40 billion to R80.2 billion, while introducing a further R10 billion allocation in 2028/29. These adjustments are part of the broader R230 billion debt relief package enacted in 2023 to help Eskom address its crippling debt burden and improve energy security.…

Student debt relief bill introduced to parliament

The government has introduced its bill to reduce student debt. Photo: Australian National University. The Federal Government has fired the starter’s gun on the business schedule for the new parliament by introducing its legislation to cut student debt. Labor’s bill seeks to cut 20 per cent off all higher education student debts, with the aim…

NBC Urges Debt Relief for Soldiers and Displaced Civilians

The photo shows frontline soldiers stationed along the border with Thailand, taken in Oddar Meanchey on July 2. Photo: Sem Vanna PHNOM PENH –​​​ The National Bank of Cambodia (NBC) has urged banking and financial institutions to consider financial relief for frontline soldiers and civilians affected by the five days of Cambodia-Thai military clashes. The…

Brokers urged to be wary of shady credit repair practices

Brokers are being urged to remain alert to dishonest credit repair and debt management organisations to help better protect their clients. ASIC recently announced a review into the credit repair and debt management sector following reports of dishonest practices. The exploitation of vulnerable customers is being weeded out by the regulator after it claimed some…