Results for Africa
- Pensioners Starting To Feel Fiscal Austerity Impact, OECD Warns
Pensioners in developed economies are no longer being spared the worst effects of the financial crisis as fiscal austerity programmes aimed at curtailing spending on the elderly start to kick in, the OECD has warned, the Financial Times reported. Spe ...
Daily Headline - global.abi.org - 11/26/2013 - 21:19 - 0 comments
- S. African Debt Climbs as Gordhan Pledges Spending Curbs
South African Finance Minister Pravin Gordhan will struggle to keep government debt under control even as he pledges to stick to spending targets, Bloomberg reported. Gross debt will climb to 48 percent of gross domestic product in the year through March ...
Daily Headline - global.abi.org - 10/23/2013 - 20:03 - 0 comments
- G20 Backs Crackdown On Tax Avoidance
Leaders of the world’s largest economies ratcheted up the pressure on tax avoidance by backing “an ambitious and comprehensive” plan to crack down on multinationals that shift profits into low-tax countries, the Irish Times reported. The G20 countrie ...
Daily Headline - global.abi.org - 09/08/2013 - 19:15 - 0 comments
- Banks Face New Set Of Capital Rules
Banks face being hit with a new set of international capital rules aimed at forcing bondholders rather than taxpayers to bail out failing institutions, the Financial Times reported. Global regulators are seeking support from world leaders to draw up ...
Daily Headline - global.abi.org - 09/02/2013 - 16:40 - 0 comments
- South Africa's Investec, Nedbank Exposed To Troubled Building Firm
South Africa's Investec, Nedbank and Sanlam said on Thursday they had exposure to a failing building supply company First Strut, whose chairman was shot dead in June, Reuters reported. Trade in First Strut's 925 million rand ($95 million) worth ...
Daily Headline - global.abi.org - 07/25/2013 - 22:25 - 0 comments
- Nigeria Appoints Citigroup, Vetiva to Manage Sale of Bank
The Asset Management Company of Nigeria, which holds non-performing assets of troubled banks, said it had named Citigroup and Africa-focused investment bank Vetiva Capital to manage the sale of its shares in one nationalized bank, Reuters reported yester ...
Daily Headline - abi_admin - 07/18/2013 - 20:30 - 0 comments
- G20 Sharpens Attack On International Corporate Tax Avoidance
Finance ministers from the Group of 20 leading nations plan to launch a new phase of the international crackdown on corporate tax avoidance this week even as UK business leaders are warning their government to resist “radical new solutions” to profit shi ...
Daily Headline - global.abi.org - 07/14/2013 - 19:33 - 0 comments
- AfriSam Freed Of R15bn Debt Burden In Restructuring
Cement producer AfriSam on Tuesday successfully completed a years-long restructuring programme that reduced its overall debt by more than R15-billion, Engineering News reported. The group, which faced a significant debt burden and almost defaulted on ...
Daily Headline - global.abi.org - 04/02/2013 - 19:46 - 0 comments
- Consumer Debt Bubble Forms in South Africa
A surge in personal loans, credit-card debt and overdrafts in South Africa has regulators sounding the alarm, and many of the country's banks are beginning to dial back lending amid fears that Africa's largest economy is nearing a dangerous cre ...
Daily Headline - abi_admin - 12/27/2012 - 12:18 - 0 comments
- Cabinet Approves Telkom Restructuring Plans
The Kenyan government has approved a restructuring plan to bolster the operations of stricken fixed line operator Telkom Kenya, Standard Digital reports. The new proposals include the recapitalisation of the firm via a KES10 billion (USD115.6 million) ca ...
Daily Headline - global.abi.org - 11/26/2012 - 22:40 - 0 comments