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Denel granted extension on debt of close to R700 million

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State-owned defence and security conglomerate, Denel, was granted a lifeline at the weekend with an extension given to repay R690 million due...

Zimbabwe domestic debt at $4 billion

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Zimbabwe's domestic debt rose 40%to $4 billion during the year to March while the budget deficit was $230 million in the first...

Air Zimbabwe aircraft seized by South African creditor

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Bid Air Services on Friday seized one of Air Zimbabwe's Boeing 737-500 aircraft over outstanding debt in the latest setback for the...

Italy’s PM in austerity race, IMF denies in aid talks

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Italy's prime minister faces a testing week as he seeks to shore up the country's strained public finances, with an IMF mission...

Cold comfort as austerity bites in Europe

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While workers protest against austerity measures on the streets, cash-strapped Europeans are feeling the pain at home, struggling to pay for heating...

U.S. lawmakers abandon deficit-cutting effort

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U.S. lawmakers abandoned their high-profile effort to rein in the country's ballooning debt in a sign that Washington likely will not be...

Street crime wave hits Europe’s capital

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A wave of theft and vandalism has hit the downtown of Europe's capital, only blocks away from where leaders have been trying...

No shortage of buyers for Ugandan debt

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Appetite for Ugandan debt shows no sign of waning as yields continue to climb in response to soaring inflation. Meanwhile, investors in...

Zimbabwean government takes over Air Zimbabwe debt

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The government of Zimbabwe will take over state owned airline Air Zimbabwe's US$138 million, according to Transport Minister Nicholas Goche. Goche this week...

Germany plans to waive some Egyptian debt

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Germany plans to waive debt of 240 million euros to Egypt if the funds are used to support democratic reforms, Foreign Minister...

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SANDF missing the communication target

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Former defence and military veterans minister Nosiviwe Mapisa-Nqakula on a number of occasions said words to the effect South Africans have to decide what...