Business

South Africans' tough times are set to be lasting, as Reserve Bank hikes repo rate

Consumers will have to restructure their budgets once more to accommodate the new repo rate. This comes as the South African Reserve Bank (SARB) has increased the repo rate by a an overwhelming 50 basis points, leaving its at an all time high of 7.75%.The new repo rate was announced by the Reserve Bank Governor Lesetja Kganyago, who ex...

By Tshegofatso Makola 2 days ago

Nehawu wage strike is interdicted by Labour Appeals Court

Following what was to be the start of the second week of protest action, the Labour Appeals Court of South Africa has interdicted the strike organised by the National Education, Health and Allied Workers Union (Nehawu). The fight for a 10% wage increase seems to be over, with Nehawu possibly having to settle for the measly 4.7% increas...

By Tshegofatso Makola 12 days ago

Turning Dreams into Reality: Winston Kunene's advice on investing in Real Estate in your 20s

Real estate has always been a lucrative industry for investors and entrepreneurs. In South Africa, Libertalia Property Group has emerged as a major player in the sector, thanks to its focus on uplifting and empowering the youth.

By Lindelwa Masuku 25 days ago

Debt, more debt and debt relief

The Minister of Finance, Enoch Godongwana played the role of the “king of money”, as debt relief and bailouts were handed to taxpayers and the crisis-ridden power utility, Eskom. This is as Godongwana presented the National Budget on 22 February 2023.The Minister of Finance of Enoch Godongwana delivered the annual National Budget Speec...

By Tshegofatso Makola about 1 month ago

Zimbabwe’s Reserve Bank at risk of more sanctions

Zimbabwe’s economy could plummet further following rising allegations of the country’s reserve bank being used for money laundering and illicit dealing of gold.The allegations against the bank sees many organisations and countries choosing to possibly pose sanction on the country.Following a widespread documentary, it has been alleged ...

By Tshegofatso Makola 5 days ago

Inflation is proving particularly stubborn – but jitters over banking failures, softening economy complicate Fed rate decision

The Federal Reserve is facing a rather sticky problem. Despite its best efforts over the past year, inflation is stubbornly refusing to head south with any urgency to a target of 2%.

By Christopher Decker Professor of Economics, University of Nebraska Omaha 18 days ago

A budget of missed opportunities

The Minister of Finance's annual budget speech is yet another missed opportunity for South Africa. While he claims that bold action is necessary, the truth is that there is nothing bold about this budget. The Minister has failed to annou...

By Dr Dion George MP- DA Shadow Minister of Finance about 1 month ago

All Articles

World's fastest runner is missing $12.7 million from an investment account

8-time Olympic gold medalist Usain Bolt has discovered that he is missing $12.7 million from an investment account he had with Stocks & Securities Limited, an investment firm based in Kingston; Jamaica.

Neo Poho·2 months ago

South Africa Takes Center Stage at WEF 2023: Focusing on the "S" of the ESGs

As leaders from around the world gather for the World Economic Forum's Annual Meeting 2023 16-20 January, South Africa is set to take center stage with a delegation that includes Nomzamo Mbatha as host, Chef Wandile Mabaso showcasing Sou...

Lindelwa Masuku·2 months ago

The first generational natural hair & bodycare brand : NativeChild

Welcome to our weekly blog, where we highlight the inspiring stories of local small business owners and creatives from different industries. NativeChild is a natural hair and body care brand founded in 2016, that caters to the underserve...

Lindelwa Masuku·3 months ago

MPC increases repo rate by 75 basis points to 7%

Three members of the Committee preferred the announced increase. Two members preferred a 50 basis points increase

Lesetja Kganyago - Governor of the South African Reserve Bank·4 months ago

The US dollar is getting stronger: African countries are feeling the pain and have few policy options

A stronger dollar tightens trade financing conditions, constraining access to financing for firms. This offsets any improvement in export competitiveness, further dampening foreign trade

Jonathan Munemo -Professor of Economics, Salisbury University·4 months ago

France and Germany extend €600 million in financing to support SA’s transition from coal

Mr. Ismail Momoniat, Acting Director-General of the National Treasury said that the South African Government welcomes concessional funding from AFD and KfW, which forms part of support for South Africa’s Just Transition

National Treasury·5 months ago

“The impact of a changing geopolitical landscape on the global economy and finances "

As a consequence, global supply chains are being re-configured leading to possible disruptions which could negatively affect established global trade patterns

Enoch Godongwane- Minister of Finance ·7 months ago

Medium term Budget Policy statement date confirmed

The Medium Term Budget Policy Statement sets government policy goals and priorities, forecasts macroeconomic trajectory and projects the fiscal framework over the next three years by outlining spending and revenue estimates

Joburg Post·7 months ago

South African GDP declines by 0,7%

The devastating floods in KwaZulu-Natal and load shedding contributed to the decline, weakening an already fragile national economy that had just recovered to pre-pandemic levels

Stats sa·7 months ago

Basic income support in South Africa: risks, rewards and what it will take

Some form of basic income support is central to the South African government’s agenda. The lockdown-induced shocks have added to the crisis of structural mass unemployment and of poverty. There also seems to be broad consensus that basic...

Michael Sachs·about 1 year ago

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