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PAPAL SUPPORT: South Africa’s G20 Presidency received the blessings of Pope Leo XiV. Photo: The Vatican Media

How G20 can rise above Trump politics

President Cyril Ramaphosa has cast the annual forum as a test of whether multilateral cooperation still matters

Freedom to express fundamental rights versus administrative action by the South African Revenue Service exposes a fundamental link to communal interests and justice in a constitutional democracy. (Oupa Nkosi)

Two-pot a R4bn bonanza for Sars

Many South Africans are relying on the new two-pot retirement system for immediate financial relief

Matimba coal-powered station in Lephalale. (Paul Botes/AFP)

Eskom at risk of stage 13 load-shedding if it doesn’t shape up, says new report

‘Prudent operation and maintenance practices’ could prevent up to six stages of load-shedding, according to the report from the VGBE

File photo

SA consumers turn to personal loans, unsecured credit to survive

Debt-strapped citizens are taking short term loans to ‘balance’ cash flow as wages fail to keep up with the cost of living This content is restricted to registered users and…

The Democratic Alliance insists that crucial state-owned enterprises such as Eskom should report to related ministries. (Waldo Swiegers/Bloomberg via Getty Images)

Eskom reports another dip in sales

Profit falls from R3.8bn to R1.6bn as supply constraints and a drop in demand take their toll This content is restricted to registered users and subscribers. Get Your Free…

Eskom has announced a staggering loss of R23.9 billion for the financial year ended March 2023. (Waldo Swiegers/Getty Images)

Eskom moots taking non-paying municipalities’ distribution licenses

Utility says that this will encourage defaulting municipalities to cough up

US Vice President Kamala Harris and Zambian President Hakainde Hichilema are seen at the State House in Lusaka on March 31, 2023 after a press conference. Hichilema asked the United States to help expedite debt restructuring negotiations with the country’s creditors. Photo by SALIM DAWOOD / AFP

Rethinking debt relief: Zambia and beyond

We need to change debt relief mechanisms as a growing number of developing countries risk defaulting

Boost: Diesel is needed to run the Ankerlig and Gourikwa power stations.

Eskom to ask Nersa for more diesel

The utility has said needs more funds for the fuel to meet a court order that public schools and hospitals are exempt from load-shedding

Acting Eskom chief executive Calib Cassim. (Waldo Swiegers/Bloomberg via Getty Images)

State of disaster a good thing, insists acting Eskom boss

Emergency procurement funds will not be abused, says Nkosazana Dlamini-Zuma

Ink it: For people in countries that are the most vulnerable to climate change, such as Mukuka and his family in Poti-Kro in Brazil’s Amazon forest,
coming up with Earth-saving debt relief strategies will be a matter of survival, the writers argue. (Taylor Weidman/LightRocket/Getty Images)

Debt-for-climate swaps are crucial for economic recovery in the developing world

COMMENT: Developing countries face a debt crisis that will only become worse as the Covid-19 pandemic continues, and massive debt relief will inevitably be necessary. The only…

If she wins: Hillary Clinton’s proposal is to spend $500-billion to allow students to graduate without incurring any debt.

​Clinton promises big changes for students if she wins

The US has one of the most expensive higher education systems in the world.

Treasury might not accept all other items recommended as this could take a chunk — some R4-billion — out of possible revenue raised, calling for a tough balancing act. (Oupa Nkosi/M&G)

South Africa: A country drowning in credit

The government is so worried about the levels of debt that it is considering extreme measures.

US President Barack Obama.

Obama takes first swipe in year-end debt showdown

US President Barack Obama claimed he has a mandate to hike taxes on the rich, firing his first post-election shot at Republicans.

US’s Operation Twist hammers world markets

Obama offers $3-billion debt plan, tax hikes on rich

President Barack Obama laid out a $3-trillion plan to cut US deficits by raising taxes on the rich, but Republicans rejected it as a political stunt.