South Africa’s four major banks are projected to lose around R53 billion due to non-performing loans. This is due to the fact that their credit loss ratios are expected to rise in 2024.

The overall number of retail loans grew by 441,000 this quarter to nearly 25 million retail accounts held by roughly 14 million individuals ...

Absa, FirstRand, Nedbank, and Standard Bank – are expected to suffer a loss of R53 billion due to non-performing loans, as their credit loss ratios are expected to rise in 2024. This is according to ...

South Africa’s big banks are closing their lending taps due to a rise in nonperforming loans but are still willing to extend credit to certain sectors and wealthy individuals. Standard Bank South ...

China has written off an unspecified amount of Zimbabwe's interest-free loans and pledged to help the Southern African country find a way out of its debt crisis, even as activists warned of a ...

Quickly compare all the best crypto exchanges in South Africa. Find the South African crypto exchanges that offer the lowest fees, highest limits, and best offers.

Nigeria’s economy, which ranked as Africa’s largest in 2022 ... and the multilateral lender rewarded Egypt’s government by almost tripling the size of a loan program first approved in 2022 to $8 ...

The National Credit Regulator says more South Africans are living on credit. Recent data shows that the total value of credit granted between October and December last year increased by 4%, pushing ...

Electricity prices have become even more expensive in South Africa, thanks to NERSA’s recent tariff hikes. Eskom’s tariff increases were enacted on 1 April 2024 and are poised to deliver more ...

IFC's $300 million sustainable Tier 2 capital loan will allow Standard Bank South Africa, a wholly owned subsidiary of Standard Bank Group, to on-lend and support renewable energy projects and home ...

Analysis of World Bank and OECD figures show that countries in the global south are likely to pay out $50 billion more in 2024 than they receive in grants and loans.

Ospreys flanker Jac Morgan will not play on their two-match United Rugby Championship trip to South Africa, while hooker Dewi Lake will miss at least the opening game.