03/10/2023
The blows keep coming for South Africa
The current-account gap and the budget shortfall, which the Treasury sees narrowing to 4% of GDP in the fiscal year through March 2024
Comment, Analysis & Research
03/07/2023
Top banking CEO on South Africa: ‘This can’t continue’
Network infrastructure – mainly provided by state-owned monopolies and needed to enable higher levels of GDP growth
03/06/2023
New branch to get your Smart ID and passport in South Africa launches today – more coming soon
During his response to the State of the Nation Address on 17 February, home affairs minister Motsoaledi said that people would soon be able to get their passports and smart IDs at select malls.
03/06/2023
Government giving businesses in South Africa the cold shoulder
Mavuso said that recent efforts from the Presidency and the National Treasury to unlock economic reforms have racked up a handful of achievements
03/02/2023
The world's ultra-rich lost about $14 trillion of their wealth in 2022, Knight Frank study shows
The London-based real estate consultancy surveyed 500 private bankers, wealth advisors, and family offices who manage over $2.5 trillion in collective wealth for ultra-high net worth individuals.
03/02/2023
Kenyan bank where walk-in customers are forbidden
Back in Kenya, he worked briefly in the banking sector before an opportunity arose. Around 1985, a group of churches in Kisumu came together.
03/02/2023
Kenya’s super rich return offshore cash in rare move
Globally, ultra-high net worth individuals (UHNWIs) saw their fortunes slashed by 10 percent on average
03/01/2023
SARS is making South Africa more like Switzerland
The group said South Africa is becoming increasingly tax-friendly for foreign business.
02/28/2023
The average take-home pay in South Africa right now
Inflation reached a 13-year high of 6.9% in 2022, and is forecasted to average at around 5.7% in 2023.
02/28/2023
World Bank projects that East Africa will get richer under African Continental Free Trade Area
Real income will rise by 11.8%, 3.8%t, and 3.6% in Kenya, Uganda, and Rwanda, respectively.
02/27/2023
Major red flags for South Africa’s $8.5 billion energy deal
Mavuso said that these allegations could spook the nations involved in the deal.
02/24/2023
Group strengthens ties with BoI
The BOI Team, led by its Managing Director/Chief Executive Officer, Mr Olukayode Pitan, included its Executive Directors, Simon Aranonu; Usen Effiong; and Chief Risk Officer, Dr. Ezekiel Oseni among others.
02/24/2023
Demand for these job skills is dropping fast in South Africa
“Year-on-year, however, hiring activity increased by 3% between January 2022 and January 2023,”
02/24/2023
Global debt declines by $4tn in 2022 on stronger growth and inflation
Retrenchment driven 'entirely by mature markets' where total debt dropped to about $200 trillion last year, the Institute of International Finance says
02/23/2023
How rich Africans grew wealth in 2022 – Report
The survey also showed that 14 per cent of UHNWIs in Africa are planning to invest directly in commercial property in 2023, and another 13 per cent indirectly through REITs or debt funding.
02/23/2023
Return on savings below inflation first time in 5 years
This means that the savings will buy fewer goods and services in the economy
02/21/2023
If you earn more than this a year – South Africa’s labour laws won’t automatically protect you
The threshold is being increased by R17,000, which amounts to a 7.59% jump.
02/21/2023
How Treasury plans to short-circuit jitters over Eskom debt
Global investor call planned directly after the budget speech followed by a roadshow in SA, New York, Boston and London
02/17/2023
A q/q drop in fx utilisation in Q3
Despite the decline in fx used for invisibles, the amount used to import goods
02/17/2023
Highlights of the IMF Article IV Consultation with Nigeria
It forecasts Nigeria’s economic growth at 3% in 2022 and sees growth picking up to 3.2% in 2023