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JOHANNESBURG (Reuters) – South African banks have given voluntary relief on loans to individuals and corporates of up to 537 billion rand ($31 billion) during the coronavirus pandemic so far, the …
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South Africa will struggle to bring down its soaring levels of public debt, set to reach 80% of gross domestic product this year, due to the impact of the record economic contraction on tax revenues, …
Let’s welcome South Africa to Africa – However, the conditions are strict enough to hurt South Africa just as IMF loans have hurt other African countries. The main condition is for South Africa to show the IMF that it is facing a …
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Africa’s Biggest Bank to Resume Dividends From Surplus Cash – FirstRand Ltd. is keen to resume dividend payments once South African regulators give the go ahead to draw down surplus cash at the continent’s largest bank by market value.
Basa says that applications for COVID-19 loans are expected to peak soon due to the prevailing business and economic …
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