Can New Financial Technology Help South African Banks Manage Rising Bad Debt? – AFKInsider

Roadside call centre in Lagos. Photo: Akintunde Akinleye/Reuters South African banks are likely to be less profitable in 2017 amid a slow economy, increase in bad debts and rising capital costs. However, insurers are likely to profit from new technology. From News 24. Story by Godfrey Mutizwa With about 1 percent South African growth forecast for next…

Eurogroup chief says Greece short term debt relief talks to resume – Deutsche Welle

Athens’ decision to pay out bonuses to pensioners prompted Eurozone members to freeze short-term debt relief to Greece. Poverty-stricken pensioners jumped at the hand-out, waiting in long lines to cash their checks. The finance ministers, known collectively as the Eurogroup, issued a statement on Saturday saying that Greece’s creditors had agreed to continue talks. This happened…