ANTHONY BUTLER: The big problem with BIGs: loan sharks and vampire firms love them

United States News News

ANTHONY BUTLER: The big problem with BIGs: loan sharks and vampire firms love them
United States Latest News,United States Headlines
  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Large social grants have become collateral for debt, a Black Sash report has shown, writes Anthony Butler

Social grants are not really a local government issue, even if the ANC manifesto celebrates 18-million social grants per month. The basic income grant has not been a central part of the election campaign for any party.

A recent report by consultancy Intellidex pointed to a failure by BIG advocates to deal with the implications of the tax increases necessary to fund it. But fiscal probity is unlikely to be the real reason for parties’ BIG-hesitancy during the campaign...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BDliveSA /  🏆 12. in ZA

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WATCH: How the financial market has shown resilience despite challengesBusiness Day TV talks to Absa Kenya’s head of markets for Africa regional operations, Anthony Kirui
Read more »

Vaccination Champion - Luxury Big 5 Safari Up For Grabs!Vaccination Champion - Luxury Big 5 Safari Up For Grabs!Vaccination Champion – Luxury Big 5 Safari Worth Over R44 000 Up For Grabs! Do you know someone who has inspired others to be vaccinated? Tell us their story and they could win a Big 5 Safari worth more than R44 000. OwnYourLife To enter click here:
Read more »

SNAPS | A celebration of friendship and love! Inside Moozlie’s birthday soiréeMoozlie felt all the love from her tribe on her birthday!
Read more »

JPMorgan Chase profits jump on lower reserves for bad loansJPMorgan Chase profits jump on lower reserves for bad loansJPMorgan Chase reported higher third-quarter profits Wednesday as the improving economic outlook allowed it to include in earnings $2.1bn set aside earlier in the pandemic for potential loan defaults.
Read more »

DBSA’s R3bn loan to open green funding floodgates for AfricaPimco’s offshore bond issuance will help refinance renewable power projects on the bank’s books
Read more »



Render Time: 2025-03-04 10:38:03