The South African rand weakened against 18 of the top 19 currencies we monitor. A degree of ZAR profit-taking activity, coupled with a fresh wave of risk-off sentiment brought a stop to the recent Rand rally. Last week, the global market focus was fixed on the testimony by the US Fed Chair, Jerome Powell. He […]

With 2023 tax season starting on July 7, 2023 – and SARS auto assessment notifications starting on Friday June 30 – it is nearly time to file your tax return. No matter how often you’ve done one, or how smooth SARS insists the process will be in 2023, Taxtim advises you to consider these 7 points to file your tax return in […]

Reuters: The South African rand gained 1% on Monday, as investors watched for potential ripple effects of the aborted weekend mutiny in Russia. SOUTH AFRICAN RAND GAINED At 1210 GMT, the rand traded at 18.6000 against the dollar, around 0.84% stronger than its previous close after strengthening over 1% earlier. The dollar was last trading […]

The credit rating industry in Africa is dominated by the three international agencies: Moody’s, S&P and Fitch. Together they control an estimated 95% of the credit rating business globally. Credit rating agencies are institutions that assess a borrower’s creditworthiness in general terms, or with respect to a particular debt or financial obligation. A credit rating […]

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. ALSO READ: Weather: Snow expected in […]

The South African Revenue Service (SARS) has confirmed that the 2023 tax season will start on Friday, 7 July at 20:00. This year’s tax season will run until Monday, 23 October 2023 for individual taxpayers, and until Wednesday, 24 January 2024 for provisional taxpayers. As reported by The South African website, SARS will once again use its popular auto-assessments in 2023 which have proved successful in recent years […]

Reuters: The dollar on the back foot on Monday, though it found some safe haven support on lingering worries that the protracted monetary tightening cycles from major central banks would further hurt the global economic outlook. U.S. DOLLAR ON THE BACK FOOT Dramatic weekend events in Russia also kept investors on guard, though reaction in […]

South Africa-born Elon Musk continues to maintain his lead over France’s LVMH chairperson Bernard Arnault in the world’s richest person list. Musk, 51, who was born in Pretoria in South Africa, has seen his fortune skyrocket by $98.7 billion this year, according to the Bloomberg Billionaires Index. ALSO READ | What is the most common name for a newborn BOY in South Africa? […]