Eskom load-shedding helping send South Africa into recession
Africa’s most industrialised economy faces a 45% chance of slipping into recession this year as South Africa’s electricity crisis deepens.
The probability of it happening in the coming 12 months increased from odds of 35% in...
South Africa headed for recession in 2019
South Africa is headed for a recession this year, according to a statement from the South African Institute of Race Relations (IRR).
This projection is based on GDP data released by Statistics South Africa which shows year-on-year growth at 0% and...
http://digg.com/newsbar/business/atlanta_sheriffs_refuse_to_enforce_bank_s_order_to _evict_103_year_old_woman?utm_source=facebook&utm_medium=post&utm_content=504th&utm_campaign=wall
Video Link = http://bcove.me/z1nszes1
haha, awesome!
Give those deputies a Bells!
Is standard bank misleading the public? I mean sure, it does mean people buying houses, paying for tuition or on the downside it could mean people making lousy debts like the middle-class 40 year old who decided to finance his expensive super-car to accomodate his midlife crisis....
I don't...
The global recession obviously had a terrible effect on the South African motor industry. However, experts say that the World cup later this year will actually improve the state of the entire industry. Read here to find out how:
2010 World Cup might increase the amount of cars for sale in SA
In 2008, there was The End.
It is now a year down the road and I have it on good authority that the following is true:
1. Most people are not living in bunkers feeding on tinned food to weather out some tangible financial storm.
2. The world as we know it is, on the surface, pretty much...
http://news.slashdot.org/story/09/10/05/2251233/72-of-Banks-Say-Their-Employees-Committed-Fraud
Original Source... http://www.darkreading.com/insiderthreat/security/government/showArticle.jhtml?articleID=220301087
The figure must be around 144% in South Africa!!! :rolleyes:
Fed’s $85 Billion Loan Rescues Insurer
http://www.nytimes.com/2008/09/17/business/17insure.html?_r=2&hp&oref=slogin&oref=slogin
http://money.cnn.com/2008/09/16/news/companies/AIG/index.htm?cnn=yes
The US Government is really not in a position to be loaning money to anyone right now...
Link
IMHO we're in a recession already. Next stop full blown depression.
Oil is continuing its relentless march upwards. Just under $146 while I'm tying this. When will $150 fall? It looks like probably next week.
Here we come, Peak Oil. Start cleaning that gun and stock up on the bully...