09/29/2023
CoB seeks stop to loans cover for rich State firms
The move is meant to ease the weight of debt payment on the Exchequer as some of the entities
Comment, Analysis & Research
09/28/2023
Boost for take-home pay in South Africa
Nominal salaries improved in July and August following a stabilisation in Q2, despite the overarching negative narrative surrounding the economy.
09/21/2023
Good times for inflation in South Africa are over: Nedbank
According to Stats SA, inflation edged up slightly higher in August, posting a figure of 4.8% (from 4.7% YoY in July).
09/21/2023
Bump on the road for inflation in South Africa – but good news for food prices
Although food and non-alcoholic beverages (NAB) inflation continued to drop, it was not enough to counteract the rise in fuel prices and increases in municipal tariffs.
09/20/2023
Global debt hit $307tn in H1 – IIF
Nigeria’s total external debt stood at N33.25tn ($43.16bn) in Q2 2023, while total domestic debt was N54.13tn ($70.26bn).
09/20/2023
Eskom hits a wall finding De Ruyter’s replacement
Eskom CFO Calib Cassim took over as interim CEO, but he will likely steer the ship for longer than expected.
09/20/2023
AI tops search by Kenyans fretting over job security
Google search records showed that Kenyans are interested in learning about AI and whether their jobs are at risk.
09/19/2023
Government must look beyond taxes, levies for revenue – Amaeshi
In addition, there are very few reasonably sized businesses in Imo State, and sometimes the skills available do not match the needs of the market.
09/18/2023
Bankers warn of tough times ahead
As government finances worsen and households struggle, the immediate future looks bleak
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.
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.