INDUSTRIAL engineering company PSV Holdings experienced tough trading conditions for the six months ended August, with the strengthening of the rand and high cost of debt reducing profit after tax.
THE Land Claims Commission cannot afford to honour at least R10bn in outstanding commitments to land owners and claimants, Business Day has established.
A senior Ministry of Education (MoE) official has said they have failed to recover loans from students because they have not kept proper records.
Big names, including two opposition chiefs, have been listed in the state-owned Daily News for failure to pay rates to Selebi-Phikwe Town Council.
THE foreign affairs ministry still owes sh4.4b to various service providers for the CHOGM summit, the Permanent Secretary, James Mugume, said yesterday.
CHAIRMAN of the Fiscal Responsibility Commission, Alhaji Aliyu Jibril Yelwa has raised alarm over the spate of foreign and local debts incurred by the three tiers of government. In a paper presented at a meeting for planning and advocacy on Fiscal Responsibility organised by the United Nations Development Programme (UNDP) at the UN House in Abuja, Yelwa said such unwholesome debt profile posed a ...
Uganda's external debt burden could reach unsustainable levels by 2015 unless efforts are made to match borrowing to economic growth.
POWER consumers' failure to pay bills is to increase UMEME's bad debt write-offs. The power utility is demanding about sh60b from over 19,000 defaulters across the country.
The Nigerian Bar Association (NBA) has lampooned the Economic and Financial Crimes Commission (EFCC) and other security agencies for allegedly turning "themselves into debt recovery agents" following the current crisis in the banking sector.
The Chairman of the Fiscal Responsibility Commission, Alhaji Aliyu Jibril Yelwa has raised alarm at the spate of the foreign and local debts being incurred by the three tiers of government in Nigeria.
ZIMBABWE is presently saddled with a US$5,7 billion debt that is impacting adversely on the economy, but we need to handle the issue more soberly and ensure that we employ debt settlement strategies that will not prove costly in the end.
Despite the recent controversy generated by the proposed $40 million ECOWAS fund loan, Kano State Governor, Malam Ibrahim Shekarau, has explained that he won't be deterred by critics , as he takes no decision without prior consultation with the legislature.
