Kenya’s heavy debt burden is worrisome and could damage its economy in the long-term.
Articles on Debt
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While the hurricanes last year dealt devastating blows to Puerto Rico, its challenges predate the storms and continue on today. They also offer new opportunities.
Elon Musk is an open admirer of the fictional Tony Stark, whose alter‑ego is none other than Iron Man. But Tesla’s recent financial results prove Musk to be more vulnerable than his hero…
Research suggests that the reason people may put off funding their 401(k) plans or managing credit card debt is because our perception of finance as ‘cold’ conflicts with our hot-blooded emotions.
The British government is trying to unblock £400m donated in 1927 by an anonymous donor who wanted it to help pay off the national war debt.
Under some circumstances, people may feel wealthier than they actually are and this makes them psychologically more prone to increase their spending, as well as their borrowing.
Australia has long been concerned about foreign powers gaining influence in the Pacific, but China’s involvement in the region may not be as nefarious as it fears.
New research shows there is a direct relationship between central bank interest rate decisions and mental health.
Even though this year’s budget is pretty good politics and reasonable economics, on almost every front, it is a missed opportunity to be bold.
Most people agree that children should be taught to manage money — but who decides what they learn, and who is responsible for teaching them?
Single women borrowed heavily in the run-up to the financial crisis, ensuring they suffered the most in its fallout. Will history repeat itself?
People on the lowest incomes pay the most to borrow money, even when it’s for essentials.
The collapse of an obscure corner of the financial market a decade ago foreshadowed the Great Recession. The stock-market swoon in February should offer a similar warning.
As the governor of China’s central bank oversees the stability of the world’s second largest economy, this leadership change is one the global economy is watching closely.
A revenue shortfall of about R50 billion has pushed the South African government to hike Value Added Tax (VAT) among other taxes.
South Africa’s 2018 budget does not go far enough. Perhaps finance minister, Malusi Gigaba was caught up in the euphoria of the widely welcomed state of the nation address by Cyril Ramaphosa.
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.
Whether measures announced by Gigaba will stave off a downgrade of South Africa’s local currency debt by one remaining rating remains to be seen.
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.
The improvements in the government’s debt position are entirely because of revisions in economic assumptions, not fantastic fiscal management.
Top contributors
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Post Doctoral Researcher, Graduate School of Business (GSB), University of Cape Town
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Dean of Business School, University of Southern Queensland
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Professor/Senior Research Fellow, Centre for Advancement of Scholarship, University of Pretoria
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Part-Time Professor of Economics, The New School
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Emeritus Professor of Public Policy, RMIT University
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Associate Professor in Finance, University of Canberra
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Professorial Fellow, University of Canberra
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Senior Lecturer in Economics, The Open University
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Scientia Professor of Economics, UNSW
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Senior lecturer, Canberra School of Government, University of Canberra
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Associate professor, University of Cape Town
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Deputy Chair of Business Administration, Touro University
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Associate Professor of Finance, Texas State University
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Consulting Economist; and Senior Research Fellow University of Johannesburg, University of Johannesburg
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Professor of Social Policy, University of Birmingham