The man behind Bel Air’s much-vaunted “The One” was originally hoping to sell it for somewhere in the region of $500 million. Things have not gone to plan.
As a new year approaches, consider this a reminder that starting 2021 with your finances in order is a great way to kick things off.
Of the 25 million credit-active people in South Africa, 40% are not using credit responsibly, which leads to a great deal of debt and stress.
Thanks to a new law recently signed into existence, millions of South Africans could find themselves debt-free.
Insiders have spoken out about Cell C’s severe financial challenges, and it doesn’t look good at all for the service provider
Look, we all knew it was a mess over at SAA, but the latest figures released by Auditor-General Kimi Makwetu are far worse than previously imagined.
Much-feared businessman Nafiz Modack is at it again, this time causing havoc in Worcester along with 12 of his counterparts over a R20 million debt. Classy.
Loan repayments used to be confusing and difficult to calculate. Quite a lot of information and understanding is needed, and one normally would have to use a good financial calculator.
It seems we haven’t fared all that well in a recent study conducted by the World Bank. By not so well, you may have gathered, I mean we have the worst debt in the world.
The state of the South African economy is always a worry, and now we are waiting on our latest GDP figures amid rumours that we are heading into a recession.
Good news for your credit card. From 1 April bad credit rating information and information relating to paid up judgements will be removed. The process referred to as credit amnesty will allow you to start with a clean slate. However, it doesn’t mean your debt disappears.
Before you read on, know that this article will divulge information about a bungalow in Clifton that you could have been (illegally) living in for the past 10 years, if you got there first. But you didn’t. Bergies did.
Jeff Wiggill, owner of First Tech Group, was found with gunshot wounds to his head in June 2013 after a reported highjacking. But some believe his death could be linked to the company’s unpaid debts.
Golfing legend Gary Player and businessman David King are fighting it out in court. King claims Player owes him R33 million for money Player borrowed in 1999, while Player is alleging the money was in fulfilment of a debt King had with IMG Sports Management.
Witholding a degree from a man because of a his struggle to pay back his student fees doesn’t sound like something a University at the forefront of the academic and social struggle to reverse the damage caused by apartheid would do, does it?
Paying off student loans is never easy, even more so when decent-paying jobs are few and far between. Which is exactly what drove two British students to turn their faces into marketing and advertising real estate.
Well, this isn’t good news for Greece, especially as they have to reduce that budget deficit before they can get the next tranche of cash that has been promised to them.
The US government is on the verge of announcing its $16 trillion debt, a figure that is 104% of the nation’s gross domestic product. That’s right folks, the US’s debt has officially overtaken its economy.
The dislike for banks and other financial institutions is currently on a worldwide high. But for once, one bank has decided to do something nice for their customers. French bank Crédit Municipal de Paris has scrapped the debt of its poorest customers.
Dorrit Moussaieff – wife of Ólafur Ragnar Grímsson, Iceland’s president – made a dramatic gesture over the weekend by hopping a security fence to join in with a group of protesters hurling eggs and yoghurt at politicians, demanding that the government do more to help the lower-income bracket.
Our extremely popular “What’s The Vibe” weekly online TV feature seeks to explain news stories which have grown faster than you’ve been able to keep up. Told in a humorous, intelligent and clear manner, you’ll be fully informed in under 5 minutes! If you missed last week’s “What’s The Vibe With The Rupert Murdoch Phone […]
See those tiny blocks? Each one of those is $100 million. Absolutely no spice. And that is what the United States’ debt will look like in $100 bills by Christmas this year. Click through to see the depressing, and amazing progression of how many $100 bills it takes to make a $15 trillion pile of […]
OK, so I don’t claim to know a heck of a lot about macro economic policy, national Anglo trans-administration fiscal health, or even the projected recovery gradient of the British economy over the next five years. But two things, I know for sure. 1) The English ruling classes are humour gods, and…