This is financial overcommitment: when monthly income can no longer adequately cover both household needs and debt obligations. A borrower may still be paying on time, but only by cutting essential spending, requesting repeated loan top-ups,...
The world's fifth largest gold producer announced a R2 billion revenue for the just ended third quarter of March 31, which Harmony attributed to a high bullion price at US $944.40 ounces and a weaker rand at R7.4 to the US dollar. The company posted...