09/18/2023
Reserve bank shoots itself in the foot
Speaking with Business Times, seasoned economist Dawie Roodt said there are two mechanisms that the SARB uses that impact inflation in South Africa.
Comment, Analysis & Research
09/15/2023
Chaos for South Africa’s new state-owned bank
Any disruption to the process can thus affect the livelihoods of millions.
09/15/2023
South Africa is out of money – but not out of options
The country has effectively run out of money and faces a debt trap, and will have to either boost revenue and find funding, or make severe cuts to spending.
09/14/2023
Teasury’s money-saving plan for South Africa
Data released by the central bank in June showed the Treasury missed its target of achieving a primary budget surplus in the 2022-23 fiscal year
09/13/2023
South Africans are getting poorer – how we lost R336 billion in a year
The researchers also noted a concerning trend from the deposit statistics published by the South African Reserve Bank is the deteriorating state of small unincorporated businesses
09/11/2023
5 ‘hidden’ costs in South Africa that you should keep tabs on
Many of these hidden costs often lurk in businesses and personal finance and may be challenging to identify, but they can add up and become a significant financial burden.
09/11/2023
Capitec is closing the taps
During the period, the group tightened its credit granting criteria to address the risks to the loan book amidst the difficult economic environment.
09/06/2023
Relief for South Africa as GDP ticks higher
Despite a decline in overall household consumption, consumers continued to spend more on restaurants and hotels.
09/05/2023
Africa’s youth biggest asset for the continent and the world
Ruto highlighted his government’s initiative to establish smart cities to tackle unsustainable settlements
09/04/2023
An improved current account surplus in Q1 ‘23
The positive outcome on the current account was mostly due to a lower net deficit
09/04/2023
IMF sees some hope for South Africa
Steps to improve the power supply – including relaxing restrictions on private power generation – could see the growth rate improve to 1.7% next year, IMF forecasts show.
09/01/2023
Banks, insurance firms, others contribute N1.72trn to economy
The overall rate was lower than Q2 2022 by 1.90% points, and higher by 5.63% points than the preceding quarter.
08/31/2023
South Africa reports record budget deficit
The yield on notes due December 2026 rose three basis points to 8.89%, while those on debt maturing in 2048 jumped nine basis points to 12.37%.
08/29/2023
Over 900 South African businesses have closed in 2023 – but there is a silver lining
There has also been a 14.2% decrease in the number of liquidations for the first seven months of 2023 compared to the same period in 2022.
08/29/2023
New Development Bank needs new approach
These measures plunged African economies into recessions and depression, and many citizens experienced political instabilities and became destitute.
08/28/2023
BRICS expansion a big boost for business in South Africa: CEO
“This was a strong positioning for South Africa as an enabler and gateway to the growth of Africa,” Mavuso said.
08/24/2023
Africa now fastest growing source of diaspora flows to Kenya
Most of the cash from those residing abroad is spent on consumption, with North America accounting for 60 percent.
08/24/2023
South Africans have taken an insane amount of money overseas
This has resulted in South Africa being one of the few emerging markets with a net positive investment position
08/23/2023
Over 2.1mln Kaduna residents have no access to financial services — Nigeria
Looking at the banking sector in the last decade the CBN controller, noted that it has gone through some drastic transformation in line with the global trend
08/22/2023
Bank of Ghana didn’t breach any procurement laws in $250m HQ project – Dr. Addison
Dr. Ernest Addison, the Governor of the Bank of Ghana has refuted allegations that the central bank broke procurement laws in the construction of its new headquarters.