In announcing free higher education, South African President Jacob Zuma, lobbed a populist hot potato at the ANC elective conference but it’s ordinary people whose fingers will be burnt.
Fewer government welfare recipients due to higher than expected employment growth provides a slightly stronger budget outlook for the Turnbull government as they head into 2018.
Lukas Coch/AAP
The improvements in the government’s debt position are entirely because of revisions in economic assumptions, not fantastic fiscal management.
Watered down higher education measures, a stronger employment rate and lower than expected debt levels are the highlights for MYEFO 2017.
Lukas Coch/AAP
The 2017 budget update will show an improvement in the outlook for debt compared with projections in May.
B.C.’s ambitious new school curriculum includes mandatory financial literacy instruction within math courses at every grade level, starting from kindergarten.
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Financial literacy is non-intuitive to the human brain and fundamental to survival today. We should follow British Columbia’s example and make financial literacy mandatory in every grade - across the country.
South Africa’s 2017 medium term budget reveals a growing gap between revenue and expenditure which places the country in a highly vulnerable financial state.
Debt agreements have become the fastest form of personal insolvency in Australia. But in many cases, there are better options available to manage debt.
South Africa waits with bated breath for the 2017 medium term budget policy statement from new Finance Minister Malusi Gigaba, as it might reveal key signals of where economic policy is headed.
A Bitcoin (virtual currency) souvenir coin. But cryptocurrencies like this can be debt and equity as well.
MAXIM SHIPENKOV/AAP
Despite its name, cryptocurrency isn’t just money. It could also be debt or equity and so it should be regulated and taxed in the same way as other finance.
Research with call centre workers shows mis-selling is an entrenched and accepted feature of financial sales.
Declining home ownership among young people has implications for their long-term financial wellbeing and indeed for the retirement income system.
Dan Himbrechts/AAP
The amount of Australians in mortgage stress is the reason why wages growth and the labour market are such a problem - and a big reason for the RBA not to raise rates any time soon.
World Bank President Jim Yong Kim is thinking about reinventing the organisation model.
REUTERS/Yuri Gripas
Africa should be concerned about news that the World Bank is looking to migrate from the model that largely relies on funding member states to become a broker of private capital.