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

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