by Bernadette | Jun 4, 2020 | Business & Finance News
African economies could swing into a depression without a debt moratorium of at least three years, Ghana’s Minister of Finance Ken Ofori-Atta said. “If we don’t intervene in Africa and manage a way for pushing this debt servicing out for at least three years,...
by Bernadette | Jun 4, 2020 | Business & Finance News
The Covid-19 crisis has been a priority for government in recent weeks, but as soon as the matter settles, attention will turn to Eskom’s debt solution, said Public Enterprises Minister Pravin Gordhan. The minister was speaking during a joint sitting of the...
by Bernadette | May 30, 2020 | Business & Finance News
A possible conversion of the Public Investment Corporation’s bond investment in Eskom into equity is just one of a “range” of options on the table, the state-owned asset manager has said. Earlier in the week, Bloomberg reported that a proposal to...
by Bernadette | May 29, 2020 | Business & Finance News
President Cyril Ramaphosa told fellow heads of state and dignitaries from around the world on Wednesday afternoon that African states and other developing economies would need their debt obligations suspended if they hoped to fight the impact of the coronavirus...
by Bernadette | May 29, 2020 | Business & Finance News
In 2009, the US Federal Reserve (Fed) in effect saved the world by embarking on a massive programme of monetary stimulus, called quantitative easing (QE), and so – through its extended money-printing and -buying programme – prevented a global depression from taking...
