05/25/2023
South Africa’s budget has a politics problem
The salary growth for 2024 will be determined based on the Consumer Price Index (CPI) forecast provided by the National Treasury.
Comment, Analysis & Research
05/24/2023
South Africans warned to get ready to tighten their belts
As a result of the extra financial burden incoming, Manyike said that households need to formulate a strict budget
05/23/2023
What to expect from the Reserve Bank’s interest rate announcement this week
“Unfortunately, the recent exchange rate turmoil has seemingly raised the chances of a 50-basis point increase.”
05/22/2023
Banks don’t always read their own terms and conditions
When signing the agreement, it is understood that the customer understands the terms and conditions, including the fees applicable to the account.
05/19/2023
The rand’s nose-dive over the past decade
For one, “political and economic uncertainty has significantly influenced the rand in the past 10 years and resulted in the currency seeing a real seesaw.
05/18/2023
Collapsed Banks: “Good Bank-Bad Bank” model was better alternative – Dr. Aboagye Debrah
The Banking Consultant said the expectation with this model is that the resulting “good bank” will have restored investor and market confidence
05/18/2023
Four counties hold 55pc of all bank branches in Kenya
The four counties combined contribute an average of 43.5 percent to the country’s Gross Domestic Product (GDP), cementing their economic status.
05/17/2023
Rentals on the rebound in Joburg as many now opt to rent rather than buy
Many are choosing to rent whilst they ride out this period of uncertainty
05/17/2023
Even with a degree, South Africans can’t find a job
South Africa’s 10.6% unemployment rate for graduates is far higher than the 5.5% recorded in Q1 2013 – marking a 5.1% increase over the past decade.
05/16/2023
Buyers reignite debate on pricing amid greed claims
A similar debate ensued a few years back when a property worth Sh450 million was listed in the market and the response was at best comical and at worst ridicule.
05/15/2023
Final straw for South Africa’s economy: CEO
On top of taking a firm stance against supply arms, BLSA has called for a concerted effort to restore positive relations with the United States.
05/10/2023
Reserve Bank clarifies ‘spelling error’ on new banknotes
The Pan South African Language Board, responsible for the translation, disagreed, saying the extra ‘N’ was incorrect on the old notes – explaining that the ‘N’ is only used when referring to a person and not an institution.
05/10/2023
Margins on bank loans fall as deposit rates increase
The lower spreads have been achieved off the back of a tighter monetary policy stance by the Central Bank of Kenya (CBK), which raised the benchmark lending rate of the Central Bank Rate (CBR) some three times across 2022 to move the CBR from seven percen
05/08/2023
It’s going to be a close call for South Africa
Given the persistent load shedding hitting the country, expectations are that both sectors are likely to show a decline.
05/05/2023
South Africa has spent an entire month in the dark
South Africans have had it drummed and beaten into them that load shedding is likely to get worse in the winter months ahead.
05/04/2023
Changes to work hours in South Africa face major hurdles: expert
According to Pienaar, the department’s plans and intentions will likely run into stumbling blocks as it explores this avenue.
04/28/2023
Nearly Two-Thirds of South Africans Say Friends or Family Have Been Scam Victims
As real-time payments rise, so do scams, with 70 percent of South Africans saying they have received a message they thought was a scam
04/27/2023
New data delivers some ‘comforting’ news for South Africa
Most major categories showed slower annual price increases, coming from a higher base.
04/27/2023
Cash scarcity crippled Nigeria’s economy, says UN
Recently, the UN revealed that the Nigerian economy will grow to three per cent in 2023 due to its commodities trade and consumer goods and services markets.
04/26/2023
Eskom is losing way more than R1 billion a month to corruption: De Ruyter
The amount that’s being stolen is probably higher than 1 billion rand, he said.