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2013 IMF Article IV Staff Report for South Africa
2013 IMF Article IV Staff Report for South Africa

... finds that crime is an important deterrent to economic activity.3 The result is a large number of people excluded from the labor market, increasing capital intensity, too few SMEs, and stifled innovation and competitiveness. ...
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... That power rests with the Special Servicer, who normally won't know anything about the loan until the property goes into default, or until the borrower makes contact with them directly. The borrower may be willing to make the payments, and all the borrower wants is assurance that when the loan comes ...
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... requires that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financ ...
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... position at least every four years. The Statement must relate to a period of at least 40 consecutive financial years, and be accompanied by a statement of all significant assumptions underlying any projections it includes. Affording Our Future is our third such Statement. This Statement is in two pa ...
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... dampen or amplify fluctuations in the government budget balance. The effect depends on whether the economy is hit by demand-side or supply-side shocks. In the event of a negative demand-side shock, lower inflation – and thus reduced interest costs on the indexed part of the debt – will coincide with ...
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... Since the onset of the economic and financial crisis, increased deficits, low, and even negative, economic growth and support measures for the financial sector have led to sharply rising government debt ratios. According to the Commission Spring forecasts, the government debt-to-GDP ratio is set to ...
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Household debt



Household debt is defined as the amount of money that all adults in the household owe financial institutions. It includes consumer debt and mortgage loans. A significant rise in the level of this debt coincides historically with many severe economic crises and was a cause of the U.S. and subsequent European economic crises of 2007–2012. Several economists have argued that lowering this debt is essential to economic recovery in the U.S. and selected Eurozone countries.
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