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Concerns linger about the rising national debt, with 22 cents of every rand servicing interest payments. While the infrastructure allocation in Budget 3.0 has been praised, many are questioning whether the promised projects will ever be delivered. CEO of the Black Business Council, Kganki Matabane, spoke to #eNCA #DStv403

Pakistan receives a $2 billion loan rollover from China, as confirmed by the finance minister’s advisor. This comes as Pakistan works to strengthen its finances following a $7 billion IMF bailout secured in September 2024. The first installment of the IMF loan is under review, with potential for an additional $1 billion. Pakistan faces over $22 billion in external debt repayments for fiscal year 2025, including $13 billion in bilateral deposits. #chinapakistanloan #imfbailout #pakistaneconomy #itwebvideos #externaldebt #financialaid #southasianeconomy #indiatodaydigital #globalfinance #economicrecovery #bilateralrelations #debtmanagement #fiscalyear2025 #internationalmonetaryfund #cashstrappednation #fitchratings
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The Public Interest South Africa organisation is concerned about the worsening municipal debt crisis, which is now affecting Eskom’s financial situation. Recent reports show that many municipalities are failing to meet their debt obligations. Chairperson of Public Interest SA, Tebogo Khaas, spoke to eNCA. #TheSouthAfricanMorning #eNCA #DStv403

Ezekiel Anya-Etok,Public Affairs Analyst, Joined Nyamgul Agaji to review the biggest stories in Newspapers today.
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A guided meditation for when money’s tight, the stress often leaks into various other aspects of our lives. Use this 10 minute guided meditation to help ease financial stress and enter into more peaceful and accepting feelings towards money. The goal isn’t to manifest more money necessarily (although that could be a natural side-effect) but more importantly, it’s to help you feel at peace no matter what your current (temporary) financial snapshot is, while simultaneously tuning into an optimism towards the future.

Putin cancels Africa’s debts worth over US$20 billion. Russia has become a key ally to many African countries, and Putin has made significant strides in strengthening the relationship between the two regions. At the “Russia-Africa in a multipolar world” conference, Putin reiterated Russia’s commitment to prioritizing cooperation with African nations. The cancellation of African debts is just one example of the bold steps Russia has taken to build a more productive and mutually beneficial relationship with the continent over the years.
Putin has cancelled more than $20 billion in debt owed by African countries. This debt had been accumulated during the Soviet era. In the past, Russia had attempted to collect these debts, which were mainly a result of Moscow’s previous alliances with African countries that supported its communist ideology. During this time, Russia provided military equipment and technical assistance to countries such as Angola, Algeria, the Democratic Republic of Congo (DRC), Ethiopia, Namibia, Mozambique, Morocco, and South Africa, among others. As a result, many African nations found themselves heavily indebted to Russia, with official documents estimating the total amount at $20 billion.

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Mike Pence, former vice president of the United States, joins ‘Squawk Box’ to discuss Pence’s thoughts on the debt ceiling debate, how Pence considers entitlements and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi 

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