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SA has fallen into a deep, dark R3 trillion debt drain

South Africa’s government and state-owned enterprises (SOEs) are sitting on astronomical debt totalling more than R3 trillion – a figure that is almost four...

Municipal debt to Eskom climbs to R17bn

The debt owed to Eskom by South Africa’s municipalities continues to grow and has now reached R17 billion, Cooperative Governance and Traditional Affairs Minister...

Free State municipality averts 14-hour power interruptions at eleventh hour

Tokologo Local Municipality in the Free State has averted 14-hour power interruptions by reaching an agreement with Eskom to pay back its debt of...

FS Number 1 on Eskom’s debtors list

Eskom has its hands full with handling debt from defaulting municipalities that total approximately R10 billion, with municipalities in the Free State accounting for...

Tighten your belt; the recession may affect you badly

Mpho Ramapala, Manager Education and Communication at the National Credit Regulator (NCR), says the announcement by Statistics South Africa that the country is in...

R50 can go long way – Mwandiambira

THANDI XABA South Africa’s economic slowdown has rattled most consumers’ pockets and experts site international markets have played a hug role in the current economic...

Less debt yet no savings – SASI

THANDI XABA South African consumers are striving to eliminate their debt, yet in turn, neglect to save enough. This is according to The South African Savings...

“Magashule is the face of bad administration” – DA

THANDI XABA The DA in the Free State says the collective debt owed to Eskom by various municipalities in the province has skyrocketed since Premier...

February credit growth slows

THANDI XABA Credit growth in February witnessed a slowdown both in household and corporate credit growth, which then contributed to the overall slowdown in private...

‘More jobs mean less debt for municipality’- Economist

THANDI XABA The reason many municipalities are facing a lot of debt is because they have struggled with collection and management of funds. According to...

National and provincial government join efforts to address electricity debt

A critical meeting to resolve the electricity challenge affecting three municipalities in the Free State took place on 6 October between three affected municipalities,...