Credit / General

All South African credit providers will have to register under the National Credit Act, regardless of loan amount

Before 11 May this year, a person was required to register as a credit provider under the National Credit Act 34 of 2005 (the Act), if the total principal debt owed to that party under all outstanding credit agreements exceeded R 500 000 (or if they are the credit provider under at least 100 credit agreements). That threshold has been reduced to zero in the latest Government Gazette. This means that all credit providers are now required to register as credit providers if they fall within the definitions of providing credit under the Act.

Projections for the steel industry

After the heady days of the 2000s, which were marked by the commodity boom and China's massive appetite as it became the largest producer and consumer, the steel sector is struggling. Eight years after the 2008 crisis, it is still suffering from significant overcapacity.

South African banks face growing credit risks as the economy slows, report says

Stagnant growth in Q1 prompted Singapore to switch to “Neutral Policy Stance”

After reducing the rate of appreciation of the policy band in January and October 2015, the Monetary Authority of Singapore (MAS) announced to set the rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band at zero percent, beginning April 14, 2016.