Debt crises in Southern Africa are a colonial legacy. ACTSA was glad to help facilitate this letter to the UK Government from Lord Hain and eight southern African representatives to the UK.

Today the global debt crisis – in countries like Zambia and Malawi – is at its worst for 30 years. The UK is almost uniquely well-placed to make a difference, as 90% of debt owed to private creditors by the world’s poorest countries is governed by English law and transacted through the City of London.

The letter expressed support for legislation already presented in Parliament by a Labour MP that would – at no cost to the taxpayer – facilitate debt relief and prevent countries from being stuck in decades-long cycles of debt…

Another stressful tax season has come and gone, much to the relief of taxpayers across the nation. But while the tax filing deadline has passed, that isn’t necessarily the end of the tax-related hassles for a large portion of taxpayers. Millions of Americans are now stuck grappling with the idea that they owe more than they can afford to pay to the Internal Revenue Service (IRS)…

More and more Finnish companies are going under, reports Kauppalehti.

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Finland is continuing to see a larger-than-usual number of bankruptcies, reports business daily Kauppalehti. The number of bankruptcies in Finland rose significantly in 2024, with a total of 3,035 companies declared insolvent.

This marks an increase of over 300 cases compared to the 2,715 bankruptcies recorded in 2023, signaling a worrying trend for the country’s business sector.

“The number of bankruptcies last year was among the highest in the 2000s. Not even the 2009 financial crisis came…

The Democratic Alliance (DA) in eThekwini welcomes the adoption of the Special Debt Relief Programme during yesterday’s Special Sitting of Council. The programme will allow qualifying residents and businesses to receive a 50% write-off on municipal debt, provided they pay the remaining balance in full.

While this initiative is not without its flaws, we supported it because our residents are struggling under the weight of systemic municipal failures, failures they did not cause. For years, communities have suffered from broken meters, inaccurate billing, and unresolved leaks, all while receiving little to no support or recourse from the municipality.

This has eroded public trust and pushed households to the brink. Now, to access…

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