Reuters: The dollar clawed back its losses on Monday, recovering from a knee-jerk reaction to data showing U.S. job gains were the smallest in two-and-a-half years, while disappointing inflation figures in China weighed on the yuan and proxies. U.S. DOLLAR CLAWED BACK ITS LOSSES Nonfarm payrolls increased 209,000 in June, figures released on Friday showed, […]

South Africa’s electricity generation capacity continues to show signs of improvement and stabilisation, says Minister in the Presidency responsible for Electricity, Dr Kgosientsho Ramokgopa. This follows work done in the past two weeks. The Minister was speaking on Sunday during his weekly media briefing on progress made regarding the implementation of the Energy Action Plan. Outlining the […]

Reuters: Sterling rose to a two week high against the euro on Thursday, after a survey from the Bank of England showed British companies’ expectations for selling price inflation had cooled. BRITISH POUND STERLING ROSE The BoE’s Decision Maker Panel showed expectations for output price inflation in the coming year fell to 5.3% in the […]

The 2023 tax season, as confirmed by the South African Revenue Service (SARS), 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 […]

Two years since the events of July 2021, the South African Special Risk Insurance Association (Sasria) has launched a documentary titled The Unrest. The much-anticipated documentary tells the pivotal role played by Sasria – a public enterprise non-life insurance company – during and post the July 2021 unrest in KwaZulu-Natal and Gauteng. The documentary premiered […]

Reuters: The dollar was higher on Thursday, after the release of minutes from the Federal Reserve’s latest policy meeting cemented market expectations for a rate hike this month. U.S. DOLLAR WAS HIGHER In Asia, the yen hovered near the key 145 per dollar level that spurred intervention by Japanese authorities last September, while a faltering […]

Reuters: The South African rand firmed against the dollar on Tuesday in thin trading amid signs China’s decision to impose export measures on some metals used by the semiconductor industry could help the ailing currency. SOUTH AFRICAN RAND FIRMED Trading was relatively subdued due to a U.S. holiday and lack of local economic data points. […]

The South African and ended up with the short end of the stick again, with the ZAR testing all-time lows against many major currency counterparts. Despite a rather stable week in the forex markets, the ZAR continued along its downward trajectory. South African producer price index (PPI) data came in at 7.3% for the month […]

The time to file your annual income tax return is only days away. Individual taxpayers can submit their return from 20h00 on Friday 7 July 2023 until 23 October 2023. While provisional taxpayers have until 24 January 2024 to submit their income tax return. SARS is also in the process of sending out millions of SMSs to taxpayers who […]

The Department of Mineral Resources and Energy has confirmed the official fuel price adjustments for July 2023. FOLLOW | LIVE: Wimbledon Day 2 – Tuesday, 4 July 2023 The changes will come into effect from midnight on Tuesday, 4 July. ALSO READ | Date confirmed for Springbok team announcement for Wallaby Test Petrol price both inland and at the coast will decrease by 17 cents per litre (95 […]

Anti-corruption activist Paul Holden has done South Africa a great favour by summarising the work of the judicial commission that probed massive corruption under former president Jacob Zuma. No one except academics will read the commission’s 4,750 page report, but many will read Holden’s book, Zondo at your Fingertips. Holden is a former director of […]

What started as a passion project for women to be financially independent is now a booming bakery business that has created about 25 employment opportunities. Matlhogonolo Ledwaba’s The BreadBox Bakery and Studio began as a way of positively impacting the lives of women by empowering them with baking skills. Ledwaba is based in Midrand, Gauteng. […]

The South African Revenue Service (SARS) has confirmed that the 2023 tax season will start on Friday, 7 July at 20:00. How Lucky can you get? Bet on Lucky Numbers with payouts up to R15 Million! This year’s tax season will run until Monday, 23 October 2023 for individual taxpayers, and until Wednesday, 24 January 2024 for provisional taxpayers. MUST READ | Which of South Africa’s […]

Namibia’s annual sea hunt officially starts on Saturday 1 July 2023 and will see 86,000 Cape fur seals slaughtered despite a decrease in demand for pups and mounting opposition from conservationists. The seals are hunted for their prized fur for a once-thriving global trade. “The season opens on Saturday and those who have a quota […]

DoshFX is set to transform the lives of the unbanked, forgotten, and marginalized communities across the nation.

Reuters: The dollar index was lower on Friday following two straight days of gains, after economic data showed a cooling in consumer spending, raising some doubt about the potential aggressiveness of the Federal Reserve in fighting inflation. U.S. U.S. DOLLAR INDEX WAS LOWER ON FRIDAY Treasury yields were also mostly lower after the data. The […]

When it was time for story reading in her Grade 3 class Anna Machaka (24), always wondered if authors were real-life people who sit and write books. That was when the dream of being an author of children’s books started. “I always imagined children reading my book in a classroom setting,” Machaka said. In 2019 […]

London-based SA expat company Mustard At Home is a pandemic-born business that made it. Let’s find out how. Three years post-pandemic, UK-based meal delivery service Mustard At Home continues to grow. Led by South African-born entrepreneur James Durrant, Mustard At Home was a creative solution to keeping the company, and employee livelihoods, afloat during a global economic crisis. […]

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: Lee Jung-jae demands R18.5m […]

Reuters: The South African rand weakened around 1% against a stronger dollar on Thursday after the release of the central bank’s quarterly bulletin and producer price index data. SOUTH AFRICAN RAND WEAKENED At 1447 GMT, the rand traded at 18.8350 against the dollar, 0.92% weaker than its previous close. The dollar last traded at 103.17, […]

Money makes money and these 10 people have made a lot of it over the years. And by a lot, we mean a LOT! ALSO READ: Tariff hike: Some relief for property owners and pensioners 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, […]

Reuters: The dollar index rose on Wednesday following comments from a host of global central bank leaders, including Federal Reserve Chair Jerome Powell, who did not rule out the possibility of another rate hike by the Fed at its next meeting in July. U.S. DOLLAR INDEX ROSE Powell, speaking at a European Central Bank conference […]

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. But what happens if you have forgotten your eFiling password? Don’t stress! Retrieving it is simple. Click HERE for all you need to do […]

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 […]