debtlatest news & developments
Namibia’s Finance Minister Erica Shafudah. (@MICTNamibia/X)

Namibia shifts borrowing strategy as eurobond matures

Finance Minister Erica Shafudah said the combined approach allows Namibia to settle the external bond without straining social spending or foreign-exchange reserves

The UN Financing for Development Summit failed to deal with the issue of funding countries hit hardest by the climate crisis.
(Envato Elements)

Debt, heat and uprisings: What Seville failed to solve

The UN Financing for Development Summit failed to deal with the real issue of funding Asian, African and other countries who are hit hardest by the climate crisis yet contribute least to global warming

For the many who rightly feel abandoned by the government, and are sick of the state’s failures, the private sector stepping in to solve problems with energy, water and logistics might appear rational and necessary. (John McCann/MG)

The privatisation agenda will not save South Africa

The state has tried the neoliberalism model in various forms for 31 years, and it has not worked

Local government are elected to provide services, but many struggle to do this. Photo: Delwyn Verasamy

Why a review of the White Paper on Local Government matters

The key assumption that municipalities would raise enough revenue to fund most of their operational expenditure needs to be revisited

The G20 is a forum of the largest economies in the world who meet regularly to discuss the most pressing issues facing the global economy. (Photo: Brenton Geach/Gallo Images/Getty Image)

Africa’s G20 moment: A moral call for justice and global solidarity

Hunger, exclusion from education and Africa’s debt is more than policy failure, inequality and poor planning, it is the theft of dignity, potential and oppression

Public sector wage bill 2023

Public sector wage bill must be contained – but not by DOGE methods

Pressure can be relieved in a number of ways such as cutting consultants and reducing staffing in non-core areas such as state-owned entities, as well as ministerial office staff

Finance Minister Enoch Godongwana. Photo: Dwayne Senior/Getty Images

Rising debt, inefficiencies are draining South Africa’s fiscus, finance committees say

The chairs of parliament’s finance committees say the country is on a fiscal cliff and the minister has to make difficult choices in his budget this week

Pay your electricity bill or have your power switched off. File photo

Unpaid electricity charges? Be prepared to be left in the dark

The court highlighted the tension between the rights of a body corporate to be reimbursed for the payments made and the right of a respondent to have electricity supplied

Finance Minister Enoch Godongwana. (Photo: Mlungisi Louw/Gallo Images)

Budget: How will Godongwana divide the nation’s piggy bank?

South Africa has a R2 trillion budget to fix the economy. It’s a big ask

Of the 248 municipalities that Eskom supplies, more than half had overdue accounts, totalling R58.5 billion by March last year, with the majority of debt due to Eskom concentrated in 10 municipalities. (Delwyn Verasamy/M&G)

Power Play: New electricity law leaves municipalities in the dark on debt

If the amendment to the Electricity Act is to be effective, fiscal instability at local government level needs to be tackled

The pressure to succeed financially, combined with the lingering effects of poverty, creates a toxic cycle of consumption, debt, and financial instability

Young professionals’ financial struggles tied to psychological scars left by colonial, apartheid past

The pressure to succeed financially, combined with the lingering effects of poverty, creates a toxic cycle of consumption, debt and financial instability

Finance minister Enoch Godongwana.
(Photo by Jeffrey Abrahams/Gallo Images via Getty Images)

Austerity measures will rein in South Africa’s growing debt

Accumulated gross debt is expected to stabilise at R6.2 trillion or 74% of GDP by 2026. The annual cost of servicing this deb in that year will be R440 billion

South Africa needs to change its top-down approach, consult communities and fast track the delayed Integrated Energy Plan

South Africa gets more funding for the just energy transition

How the government plans to repay the money is being questioned

The African Development Bank (AfDB) says South Africa’s well-developed financial sector has the potential to be the continent’s powerhouse.

The Fiscal Cliff | Is South Africa nearing a debt crisis?

The real issue is that the February 2023 budget was the least credible assessment of the country’s finances since 1994