06/19/2023
How South Africans living overseas can claim their inheritance
The three scenarios depend on the statuses of the beneficiaries.
Comment, Analysis & Research
06/16/2023
Aig-Imoukhuede: The Story of an Investor, Banker, Philanthropist
In the annals of Nigeria’s financial landscape, it is rare to find individuals who possess a track record of monumental achievements and yet remain humble and self-effacing.
06/14/2023
‘Continuous training vital to employees’ growth’
"To sustain their market position, organisations must thoroughly evaluate their investments in employee reskilling, recognising its significance and impact on their competitiveness."
06/12/2023
How Patrick Njoroge sought to shift power to the customer
He believed all customers deserved to be given upfront full information of any loan product they were taking so as to vote with their feet whenever they felt dissatisfied.
06/09/2023
Kenya’s rich get richer as gap with the poor widens
The KNBS data expose the extent to which wealth distribution is skewed in favour of a tiny clique, with Nairobi having the widest income inequality among Kenya’s devolved units.
06/08/2023
Double emigration blow for South Africa – leaving local businesses desperate for critical skills
South Africa does not track emigrants. However, a recent report from the UN showed that 914,901 South Africans were living abroad in 2020, a significant jump from the 786,554 recorded in 2015.
06/06/2023
Nedbank slashes SA GDP growth forecast on back of power crisis and weaker rand
The Nedbank group economic unit (GEU) now expects the prime lending rate to remain flat for the rest of 2023 at 11.75% before starting a slow decline in 2024.
06/06/2023
Bonn Climate Change Conference: AGN pushes adaptation measures for women and youth
The AGN also advocates the implementation of effective accountability and transparency of climate finance tracking gender-responsiveness funding.
06/05/2023
Average salaries in the UK vs South Africa – How much more Brits earn
Considering the popularity of the UK for South African emigrants, BusinessTech decided to compare the average salary across various industries in both countries.
06/01/2023
Kenya hits 60 with back-breaking debt
Kenyans were full of hope that their lives would be better than they had been under the four decades of the British rule.
05/31/2023
Rand hits a new low after BRICS summit immunity announcement
“FX hedging has become a more sensitive subject, with many now simply looking for safety,”
05/26/2023
Short-term pain, but long-term gain for South Africa
Notably, all members of the Monetary Policy Committee (MPC) unanimously voted in favour of the 50 basis point hike.
05/25/2023
It should all be downhill from here
According to economists at Nedbank, while rising core inflation – inflation excluding food and fuel – remains a concern
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.
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.