Special Report on
Provincial Finance Placed In Receivership
Provincial Finance Placed In Receivership - Trends
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Economic performance improved in 2000, to the highest rate of GDP growth since 1996. However, large and unsustainable fiscal deficits and an unstable external situation kept the economy under stress. The medium-term outlook depends on the pace of structural reforms and an improvement in the balance of payments. Appreciable improvement in agricultural performance, together with a modest acceleration in industry and services, boosted real GDP growth from 3.1 percent in 1999 to 4.8�percent in�2000, the economy�s best performance since 1996. A bountiful harvest propelled real agricultural value-added growth from about 2 percent in ...
Around 18,000 small investors face an agonising wait to see how much they will get back from collapsed finance company Bridgecorp. Specialist property financier Bridgecorp has been put into receivership after defaulting on repayment of principal due to investors. Directors appointed partners at PricewaterhouseCoopers as the receivers on Monday night. "They are naturally very concerned about the position and about the security that they hold and what repayments they will get. It's far too early for us to speculate as to what the return will be," says John Waller of Price ... Read More
SURVEY RESULTS FOR
PROVINCIAL FINANCE PLACED IN RECEIVERSHIP
Is receivership better?
Investing Report November 11, 2008