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Posts Tagged ‘debt’

  • 5 things to consider before signing a cellphone contract

    December 14, 2017 • Gadgets and Gaming, Lists, Southern Africa, Top StoriesComments Off on 5 things to consider before signing a cellphone contract

    Junk status. Downgrades. Inflation. Recession. Fuel price hikes. These are terms South Africans are exposed to on a daily basis. The reality is that there’s a great deal of uncertainty about the economy, which means that consumers need to consider their...

  • Black Friday: Where to find the best deals

    Discussing the dark side of Black Friday

    November 16, 2017 • Online & Social, Retail, Top StoriesComments Off on Discussing the dark side of Black Friday

    Deeply indebted consumers should think long and hard before plunging themselves even deeper into debt by splurging on luxury goods on Black Friday. Neil Roets, CEO of Debt Rescue, said often deals offered by major retailers seemed so good that consumers threw...

  • Orange Kenya needs $120m bailout

    March 22, 2012 • Mobile and Telecoms, Top StoriesComments Off on Orange Kenya needs $120m bailout

    Telecom operator Orange Kenya has asked the government for a KES 10 billion ($120 million) bailout, news reports revealed on Wednesday. The move comes as the company continues to incur massive debts following its 2007 buyout by France Telecom. Orange made a...

  • NITEL crippled by mounting debt

    March 2, 2011 • Mobile and TelecomsComments Off on NITEL crippled by mounting debt

    Nigeria’s  House of Representative Committee on Communications yesterday recommended the immediate disengagement of the entire 3,389 staff of the nation’s moribund telecoms operator, Nigeria Telecommunications Limited (NITEL), and its mobile...

  • Government reclaims control of Tanzanian telco

    April 7, 2010 • Mobile and TelecomsComments Off on Government reclaims control of Tanzanian telco

    The Tanzanian government will pay off a $6.8 million debt owed by the Tanzania Telecommunications Company Ltd (TTCL), announcing its financial re-involvement in the company...