South Africa’s Finance Minister Malusi Gigaba arrives to deliver his budget address.
South Africa's 2018 national budget makes it clear that the slumber and corruption that has hampered state owned enterprises must come to an end.
Cyril Ramaphosa, South Africa’s deputy president who was recently elected as the leader of ruling party, is seen to be fighting corruption.
The shake up at South Africa's power utility, Eskom, sends a good signal about where Cyril Ramaphosa is taking the country.
Venezuela urgently needs financial assistance, but the regime of Nicolás Maduro has few international allies.
AP Photo/Ricardo Mazalan
China, Russia and the International Monetary Fund are among those contemplating a Venezuela bailout. But help for this debt-stricken nation seems far from assured.
South Africa needs to decide if it will continue to waste public money on its national carrier, or incur the costs of letting SAA go bankrupt.
There is no good case for bailing out South African Airways, it's simply a matter of avoiding a potentially catastrophic debt default.
Two men sit at the roadside in the hope of being offered work. South Africa’s unemployment is moving towards 30%.
The idea that South Africa must look towards the International Monetary Fund to rescue itself from the prevailing crisis must be dismissed.
Public Protector Busisiwe Mkhwebane has lit a grass fire in South Africa’s financial circles.
South Africa's Public Protector, Busisiwe Mkhwebane has touched on two highly contentious issues: the unresolved bailout for a local bank three decades ago. And the role of the country's Reserve Bank.
Troubled towers: the HQ in Frankfurt.
If Berlin doesn't apply divisive rules that inflict pain on savers, expect cries of double standards from southern Europe.
Lehman’s collapse set off current debate over when a bank is too big to fail.
Regulators trying to keep taxpayers from having to foot the bill for the next wave of bank bailouts are placing too much on emphasis on size and missing the 'bigger' picture.
She certainly thinks so.
Puerto Rico parade via www.shutterstock.com
Congress just passed a bailout for Puerto Rico – in the nick of time – yet it's not enough to solve the island's biggest challenge: returning to growth.
Cyprus is successfully exiting its bailout at the end of March after three years.
Managing the decline of the steel industry is no easy task. So what are the options?
When it comes to Europe, Germany can't win either way.
Celebrations by No supporters on July 5 in front of Greek parliament in Athens.
The Greek rejection of the bailout means it's time to brace ourselves: Grexit is now an 80% probability.
Greece owes what was once called a ‘man payment’.
It might seem like Greece and Europe are arguing about money, but it's really all about vengeance.
A protest in San Juan against government cuts.
Puerto Rico's economic woes have led some analysts to compare it to Greece. Paradoxically, Puerto Rico's colonial status explains both its growth and the impending financial debacle.
Value for money?
Ultimately, RBS is better off out of government hands and the decision to sell is the best option available.
We bailed out the banks – our food is worth even more, but working out exactly how much more is tricky.
Louise Docker/Wikimedia Commons
Is it worth trying to put a price on the natural world, when things like water and food are priceless? Yes, says Paul Sutton - without knowing the value of the environment, we might not value it at all.
Alexis Tsipras is on track to win the Greek election.
The calling of a snap election in Greece for January 25 has been met with great concern in political circles, prompted direct interventions by top European officials and alarmed markets and credit rating…
Pensioners protest in Nicosia.
The nightmare for Cyprus started in March 2013. The country’s banking sector faced a sudden squeeze. The two biggest players – Bank of Cyprus and Marfin Laiki Bank – were in danger of a collapse which…
Dance with the devil and the devil don’t change: he changes you.
The Co-operative Bank is no longer. What was once an experiment in working class self-help has become the latest victim of rapid changes sweeping the financial sector. It seems unlikely that the ethical…