Gauteng Premier Panyaza Lesufi recently tweeted the Finance Minister asking for the township’s R5bn debt to scrapped. Trevor Ngwane from the Soweto Electricity Crisis Committee speaks to #eNCA Courtesy #DStv403

The the fed will reverse the interest rates once everyone has list their jobs.

https://markets.businessinsider.com/news/stocks/fed-rate-hikes-hawkish-powell-recession-risk-layoff-labor-unemployment-2022-11

https://www.cnbc.com/2022/11/08/auto-loan-delinquencies-rise-as-loan-accommodation-programs-end-.html

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The Debt Counselling Industry has called on government to launch a high level investigation into the National Credit Regulator to find out why it was not doing its job properly. DCI said the NCR should be probed for not properly investigating African Bank. Meanwhile, share trading of the troubled bank on the JSE was suspended Monday morning.
Shareholders requested the suspension after the Reserve Bank had placed the lender under curatorship over the weekend. Reserve Bank governor Gill Marcus announced that African Bank had been placed under curatorship. A consortium involving major banks had committed to underwrite a R10 billion capital raising exercise, and would engage with shareholders and
other participants.