Despite significant interest rate cuts by the South African Reserve Bank, consumers continue to grapple with high debt levels and rising living costs, as experts warn of a looming financial crisis ...

Many African countries are already struggling with heavy debt burdens. Climate change is making this worse. Africa ...

The Economic Freedom Fighters (EFF) are taking significant steps to introduce a Private Member’s Bill aimed at enhancing ...

S&P Global Ratings, in its downgrade of Senegal's credit rating this month, pegged hidden debts at around $13 billion and the ...

Credit ratings have become a dominant factor in shaping the global perception of Africa’s economic health and investment ...

With rising consumer debt levels in South Africa, the National Financial Ombud Scheme warns of the dangers of reckless ...

Tax experts have warned taxpayers to keep on top of their tax affairs, with SARS able to garnish salaries and take money owed ...

Successful debt stabilization requires measures to strengthen public finances and institutions, alongside pro-growth structural reforms and a sound macroeconomic environment In the context of high ...

Kenya's cost of servicing its debts is expected to remain stubbornly high, ratings agency Moody's said on Wednesday, as the ...

Africa is already in a debt crisis from borrowing money at high interest rates and unfavorable lending conditions. By 2023, African countries had spent more money on repaying debt than flowed in.

A rift within Senegal’s government could plunge the West African nation’s already beleaguered economy into further disarray.

The National Assembly has passed the Eskom Debt Relief Amendment Bill, as part of ongoing interventions to rescue the power utility from years of operational challenges and financial crisis.