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debt crisis

South Africans are less stressed financially than in 2023. But with a catch

by Anas Siddiqui
South Africans are less stressed financially than in 2023. But with a catch

It may only be by a small margin, but South Africans are less stressed financially than they were in 2023. This is according to debt counselling and consolidation firm DebtBusters’ …

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China ‘not in the business of haircuts’ as Zimbabwe asks for debt reduction from creditors

by Ron Morgan
China ‘not in the business of haircuts’ as Zimbabwe asks for debt reduction from creditors

“Zimbabwe is currently in debt distress due to the accumulation of external debt payment arrears amounting to US$6.7 billion,” Ncube said. “The external debt overhang is weighing heavily on the …

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Opinion | Climate change goals: it’s only fair to cut developing nations some slack

by Walter Watson
Opinion | Climate change goals: it’s only fair to cut developing nations some slack

Reducing emissions is undeniably essential, but the pivotal question is whether the energy-secure Global North and energy-deficient South confront this challenge on equal grounds. Should countries with high emissions and …

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Chinese property developer CIFI to offload Australian assets at a loss in bid to inject cash as credit dries up

by Anas Siddiqui
Chinese property developer CIFI to offload Australian assets at a loss in bid to inject cash as credit dries up

CIFI Holdings has agreed to sell a 60 per cent stake in 16 parcels of land in Sydney to an Australian company for A$66.3 million (US$42.9 million), booking an estimated …

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WARNING over PERSONAL loans this festive season

by Anas Siddiqui
WARNING over PERSONAL loans this festive season

Sounding a warning over personal loans this festive season, there’s a upward trend of South Africans using borrowed money for shortfalls in ‘Januworry’. Worse still, some are using loans to …

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Opinion | Falling global trade and rising debt point to grim outlook for 2024

by Anas Siddiqui
Opinion | Falling global trade and rising debt point to grim outlook for 2024

Not collapsing, just crumbling. That would be a good way to describe the state of the global economy at present, and now that it has begun sliding, it probably won’t …

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Opinion | Global debt crisis goes well beyond China’s property sector woes

by Anas Siddiqui
Opinion | Global debt crisis goes well beyond China’s property sector woes

“Staggering” is the kind of term those attempting to describe the debt problems in China would use. It is strong language coming from a sober institution such as the IIF, …

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Chinese consumers on the hunt for low prices, local brands on Singles’ Day shopping festival as economy shows signs of turning a corner

by Anas Siddiqui
Chinese consumers on the hunt for low prices, local brands on Singles’ Day shopping festival as economy shows signs of turning a corner

More than three-quarters of 3,000 shoppers recently surveyed by Bain & Co plan to spend less or maintain their expenditure at 2022 levels during this year’s Singles’ Day, according to …

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Ping An denies reports it will take over beleaguered Country Garden and assume developer’s mountain of debts

by Anas Siddiqui
Ping An denies reports it will take over beleaguered Country Garden and assume developer’s mountain of debts

Ping An Insurance (Group) has denied a Reuters report citing sources that Beijing has asked it to take over Country Garden Holdings and assume the beleaguered property developer’s debts, according …

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