Features | - Part 207

Will Income Tax & Petrol Price Rises Trigger Debt Spirals in South Africa?

Personal debt levels may have at long last begun to fall in South Africa, but future income tax and petrol price hikes have triggered fears that growing financial pressures on South African households could see this positive change reversed. What’s on the horizon? There are a number of upcoming financial challenges which may affect South African households in the coming year. This February, for instance, continuing fuel price rises are predicted to hit forecourts across…

Powerful Finance Tips To Help Lower Your Risk Of Going Into Debt

Posted on by The Editorial Team

Melbourne (Capital Markets in Africa) – For many businesses, especially young or growing businesses, the proverbial question is not how to grow or succeed, but how to avoid taking on risky debt in order to do so. In the long and storied history of finance, the concept of debt is relatively new. Many of the world’s largest and most successful firms were those that generated or held the most debts from others. Morgan and Baring,…

Nigerian Regulator Seeks to Block Takeover of Etisalat Unit

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Nigeria’s telecommunications regulator is seeking to block a potential takeover of Emirates Telecommunications Corp.’s unit in the country by a group of banks after the mobile-phone operator missed repayments on a $1.2 billion syndicated loan. The Nigerian Communications Commission has urged the central bank to intervene in the matter because it is concerned over the fate of Etisalat Nigeria’s more than 20 million subscribers in the country, the Abuja-based NCC said in an…

Nigeria’s economic recovery plan has modest oil & gas ambitions but needs clarity, Says Ecobank

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – The government of Nigeria rolled out its Economic Recovery and Growth Plan yesterday. The plan, which is expected to enable the country borrow funds from both the World Bank and African Development Bank, is targeted at quickly pushing the country out of recession back into a stable growth path between 2017 and 2020. A cardinal aspect of the plan is fixing the oil and gas sector to enable output…

South Africans Struggling to Meet Debt Repayments as Rules Change

Posted on by The Editorial Team

In June 2016, close to75% of the average South African’s annual income was spent on debt repayment. As one of the world’s heaviest credit users – and with an economy in turmoil – it’s little wonder than many South African’s struggles to keep up with loan repayments, making the country home to the world’s most consumer debt in 2015. Times are as uncertain as ever for South Africa’s many millions of borrowers. While some take…

FX reserves – China has enough, Says Standard Bank

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – China’s foreign exchange reserves are now below USD3tr, the lowest in three years. In fact, relative to GDP, this is the lowest since the early 2000s. China has seen a material decline in reserves-to-GDP since 2008 resulting from declining global demand combined with growing outbound investment. More recently, the sharp decline in China’s once heralded reserves has come with the defence of the renminbi, triggering concerns in global financial…

Nigeria says sees no need to go to IMF, plans its own reforms

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Nigeria sees no need to apply for an International Monetary Fund programme as it is pursuing its own economic reform plan, Finance Minister Kemi Adeosun said on Tuesday. Sharp falls in the price of crude oil, its main export, have tipped Africa’s biggest economy into its first recession for 25 years and hammered the naira currency, prompting speculation it might need IMF funding to cover a growing budget deficit….

« 1 … 205 206 207 208 209 … 259 »