Harare city authorities are currently struggling to collect garbage, provide clean water, and carry out road maintenance among others. The city council says it is owed millions by residents, government and businesses, and the lack of cash is behind its problems. eNCA correspondent Pindai Dube reports. #dstv403

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Teresa modified her home mortgage back in 2009 during the financial crisis, and thought she was making payments on her second mortgage every month. She’s discovered she’s overdue on thousands of payments for this “zombie debt,” and fears losing her home.

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Seventy-five percent of respondents surveyed by DebtBusters Money-Stress Tracker say they are under financial stress.

One of the many concerns from this group of people is the fear of running out of money as well as not being able to pay off debt.

The survey was done online between May and June this year. It also found that respondents are less stressed about interest rate hikes as well as loadshedding.

For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.

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Christopher Whalen, Chairman of Whalen Global Advisors, discusses the risks to the banking sector, opportunities for investors, market outlook, and current labor market conditions.

*This video was recorded on July 19, 2024

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0:00 – Intro
1:00 – Market outlook
2:50 – Banking sector
6:50 – Liquidity issues
8:30 – Commercial real estate
9:50 – Debt maturing
13:20 – Unemployment
15:27 – Housing affordability
18:00 – Inflation outlook
20:15 – Liquidity crisis?
22:00 – De-dollarisation
26:10 – Fed policy
30:55 – Fiscal policies
32:10 – Tariffs
34:54 – Risk-on sentiment
36:00 – Banking consolidation
40:30 – DeFi and crypto

#economy #investing #stocks

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Tune in Thursday at 5:15 p.m. (MST) for a live Q&A with Consumer Warrior John Skiba.

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