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Bailout

  • Are the rumours about an IMF bailout for South Africa true?
  • It's all over the news… “Why SA is on the verge of an IMF bailout” - Business Live “Is an IMF bailout for SA imminent” - News 24 “Does SA need help from the IMF?” - eNCA Prominent billionaire and business man, Johann Rupert has even suggested this. According to a Business Live report Rupert said an IMF bailout is “a serious possibility”, while Paul Harris, one of ... ››› more
  • [07 August 2019]
  • Greece agrees to a new bailout deal after teetering on the brink of bankruptcy
  • Following overnight talks, Greece has reached a deal with its creditors. This follows Greece missing a multibillion euro payment to the International Monetary Fund two weeks ago. This led the country to close its banks and to impose strict controls on bank withdrawals. So what does the new bailout deal entail? And will Greece remain in the Eurozone? Let's take a closer look… Gree... ››› more
  • [13 July 2015]
  • When Greece says NO to the Big Three, you say NO to the Big Five!
  • History is being written as you speak! We had a very nerve wracking weekend, with the chaos going on in Europe. The people of Greece voted in a referendum to determine whether they want to accept the current bailout offer (Yes -ναι - NAI) and implement austerity measures, or to say NO (οχι - Oxi). Well the referendum showed 61.31% of the Greeks saying NO to austerity. And 38.69% of ... ››› more
  • [08 July 2015]
  • The government sells its stake in Vodacom for a 10% discount
  • This morning, the National Treasury announced that the government has sold its stake in wireless operator Vodacom. The Public Investment Corporation (PIC) purchased the shares at a significant discount. The government sold the holding to raise money for cash-strapped Eskom. Let's take a closer look at what's going on… The government sells its 13.91% stake in Vodacom to the PIC ... ››› more
  • [02 July 2015]
  • The rand falls under pressure as traders turn to safer assets
  • The rand has continued its trend weaker against the dollar. The local currency is succumbing to pressure as traders look to safer assets as worries grow over what's happening in Greece. Let's take a closer look at what's going on… The rand suffers as uncertainty surrounds what’s happening in Greece The rand “extended its losses in a risk-off environment,” reports BDLive. Thi... ››› more
  • [11 February 2015]
  • How did Rand Refinery manage to lose 2.7 tons of gold?
  • At the end of July, Rand Refinery revealed it will receive a shareholder loan to make up for loss of 87,000 ounces or 2.7 tons of gold. Rand Refinery in Germiston is one of the largest gold refineries in the world. It's the largest in Africa. It's also the largest single site for precious metals refining and smelting in the world. At the current gold price, that's around $114 million (R1.2 ... ››› more
  • [12 August 2014]
  • Portugal's stock market crashes over worries about its government's stability
  • It's been pretty quiet on the Eurozone front lately. The drama of various EU countries verging on the brink of bankruptcy appeared to have been contained. But with two highly regarded MPs resigning on Monday and threats of more to follow, Portugal's debt crisis has reared its ugly head again. This led to its stock market plunging more than 6% today. Let's see what's been going on… Since Europe... ››› more
  • [03 July 2013]
  • What REALLY went into the €10 billion Cyprus bailout deal
  • On Tuesday, Cyprus's parliament approved an EU bailout of €10 billion. This includes provisions to impose substantial losses on bank depositors and wind down one of the island's biggest banks. Here's how it came about…   Thanks to a two vote majority, lawmakers finally approved the terms for a €10 billion bailout for Cyprus from the European Union and the International Monetary Fund.... ››› more
  • [02 May 2013]



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