If you’re thinking of making the switch to a new bank, these are the 10 cheapest in South Africa, according to Business Tech. That’s correct, embattled consumers are in more debt than ever before due to high food prices and inflation, so why are you leaching what money you have leftover to your bank through service […]

Money makes money and these 10 people have made a lot of it over the years. And by a lot, we mean a LOT! The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. South African-born Elon Musk is the new richest person in the world, having recently surpassed France’s Bernard Arnault. They are followed by United States’ Jeff […]

Reuters: The pound Sterling edged higher on Friday but hovered near two-week lows after a string of central bank decisions this week reinforced expectations that the Bank of England will not deliver another jumbo rate hike next week. BRITISH POUND STERLING EDGED HIGHER Sterling was last up 0.1% against the dollar at 41.2813 and up […]

Digital assets offer a way to store value that is not subject to inflation or political instability and also innovative technologies

Reuters: The dollar fell on Thursday after the Federal Reserve delivered what some expected to be its last rate hike, while market focus shifted across the Atlantic to the European Central Bank’s rate decision later in the day. U.S. DOLLAR FELL The Fed on Wednesday raised interest rates by a quarter of a percentage point, […]

Money makes money and these 10 people have made a lot of it over the years. And by a lot, we mean a LOT! The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. South African-born Elon Musk is the new richest person in the world, having recently surpassed France’s Bernard Arnault. They are followed by United States’ Jeff […]

Last week, the South African rand strengthened against all the top 19 currencies we monitor. The ZAR exhibited noteworthy strength as sentiment turned in its favor. South Africa’s inflation rate came in at 5.4% in June, down from 6.3% in the prior month. This was the lowest inflation reading in 19 months, with inflation falling […]

Money makes money and these 10 people have made a lot of it over the years. And by a lot, we mean a LOT! The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. South African-born Elon Musk is the new richest person in the world, having recently surpassed France’s Bernard Arnault. They are followed by United States’ Jeff […]

The 2023 tax season has been open for nearly a month now (since July 7) and filing for individual taxpayers runs till October 23 2023. I’ve you’ve misplaced your particulars and need to change your SARS eFiling username and password, here’s what you can do … CHANGE YOUR SARS EFILING PASSWORD AND USERNAME Perhaps the easiest […]

Reuters: The dollar clung to gains against the euro on Monday after recent economic data showed a stronger U.S. economy and a slowing euro zone as traders look beyond a trio of central bank meetings this week for clues to the outlook for monetary policy. U.S. DOLLAR CLUNG TO GAINS A closely-watched purchasing managers’ survey […]

Money makes money and these 10 people have made a lot of it over the years. And by a lot, we mean a LOT! The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. South African-born Elon Musk is the new richest person in the world, having recently surpassed France’s Bernard Arnault. They are followed by United States’ Jeff […]

Money makes money and these 10 people have made a lot of it over the years. And by a lot, we mean a LOT! The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. South African-born Elon Musk is the new richest person in the world, having recently surpassed France’s Bernard Arnault. They are followed by United States’ Jeff […]

Reuters: Sterling takes a beating as it struggles to recover from a sharp fall on Thursday following UK inflation data that undershot market expectations, while the dollar regained its footing after a steep decline last week that analysts said was overblown. U.S. DOLLAR GAINS, STERLING TAKES A BEATING In Asia, markets also had their focus […]

South Africa’s President Cyril Ramaphosa joined learners in Qunu who were part of national and continental Mandela Day coding tournaments. There were around 70 sites across all nine provinces, as well as other African countries, with over 10,000 learners participating. The national event was organised by Tangible Africa, a partnership between Nelson Mandela University and […]

South Africa’s inflation dropped to the lowest level in 20 months in June, slipping back within the central bank’s target range, official data showed on Wednesday. Annual consumer price inflation slowed to 5.4 percent last month, down from 6.3 percent in May, national statistics agency StatsSA said in a statement. The drop was the steepest since […]

Reuters: The South African rand gained strongly on Tuesday, with one analyst saying it had looked undervalued after year-to-date losses and citing support from rising prices for precious metals, a key South African export. SOUTH AFRICAN RAND GAINED At 1550 GMT, the rand traded at 17.8550 against the dollar, about 1% stronger than its previous […]

Money makes money and these 10 people have made a lot of it over the years. And by a lot, we mean a LOT! The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. South African-born Elon Musk is the new richest person in the world, having recently surpassed France’s Bernard Arnault. They are followed by United States’ Jeff […]

The South African rand ended last week in the green, recovering from recent headwinds as risk sentiment turned away from safe-haven assets. The focus last week was on US inflation data which served as the catalyst for a shift towards risk-on investment sentiment. The US inflation rate came in at 3.0% in June, declining from […]

Government has noted Fitch’s decision to affirm South Africa’s long-term foreign and local currency debt ratings at ‘BB-’ and maintain a stable outlook. According to Fitch, South Africa’s credit rating is constrained by low real gross domestic product (GDP) growth hampered by power shortages, high level of inequality, a high government debt-to-GDP ratio, and a […]

There will be three more interest rate announcements in 2023, the next of which will take place this week on Thursday, 20 July at 15:00. Following that, the remaining dates for the year are Thursday, 21 September and Thursday, 23 November. Early suggestions are there could well be yet another interest rate hike on Thursday, dealing yet another blow to South Africans in […]

Reuters: The South African rand retreated on Friday, bringing last week’s rally to a halt as prolonged power blackouts and expectations that the central bank will leave its main interest rate on hold next week weighed on the investor mood. SOUTH AFRICAN RAND RETREATED The risk-sensitive rand has been a big beneficiary of data this […]

Reuters: A sliding dollar was pushed lower still in Asia on Thursday, as traders took surprisingly slow U.S. inflation as a signal U.S. interest rate rises will be all but finished by month’s end. SLIDING DOLLAR WAS PUSHED LOWER The dollar has been steadily slipping for about six weeks, but had its worst session in […]

There will be three more interest rate announcements in 2023, the next of which will take place next week on Thursday, 20 July at 15:00. Following that, the remaining dates for the year are Thursday, 21 September and Thursday, 23 November. Early suggestions are there could well be yet another interest rate hike next Thursday, dealing yet another blow to South Africans in […]

The Post Office joins a string of state-owned entities by going business rescue with yet another government bailout. The South African Post Offices is going into business rescue with yet another government bailout. SAPO has received billions in bailouts over the years without turning a profit. The latest developments mean that thousands of people will lose their […]

Reuters: The South African Rand strengthened on Tuesday following improved local manufacturing output and a weak dollar spurred by expectations of an end to rate hikes in the U.S. SOUTH AFRICAN RAND STRENGTHENED The rand traded at 18.53 against the dollar at 1443 GMT, up 1.3% on its previous close. Data from Statistics South Africa […]