OVER THE years, banks and financial experts have called for South Africans to save for the proverbial rainy day. In March last year, that rainy day arrived, as Covid-19 delivered a torrent of financial challenges that left anyone without accessible savings and investments struggling. INSIGHTS INTO THE REAL REASONS FEW SOUTH AFRICANS ARE SAVING A recent study […]

The South African Revenue Service (SARS) has confirmed that the start of the 2023 tax season will be Friday, 7 July at 20:00. The 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 has proved successful in recent […]

Cape Town Mayor signed the dotted line for a €100 million (R2bn) loan from the Agence Francaise de Developpement (AFD) on Wednesday, 21 June. The money will be used in the City’s R43 billion infrastructure budget over the medium term. CAPE TOWN SECURES LOAN FROM AGENCE FRANCAISE DE DEVELOPPEMENT FOR WATER, SANITATION, AND URBAN MOBILITY PROJECTS […]

South Africa-born Elon Musk has extended 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 this year by $106 billion according to the Bloomberg Billionaires Index. ALSO READ | FAQ: SARS tax season – What must I do if I owe SARS money? […]

South African businessman Johann Rupert is now the wealthiest person in all of Africa. Last week, Forbes Magazine made the announcement after Rupert’s net worth rose to $12 billion (about R218 billion). The mogul now sits above Nigerian billionaire Aliko Dangote who previously held the title of Richest Person in Africa for 12 consecutive years. […]

The South African Revenue Service (SARS) has confirmed that the start of the 2023 tax season will be 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. As reported by The […]

The South African Revenue Service (SARS) has announced the start of the 2023 tax season will begin on Friday, 7 July at 20:00. How Lucky can you get? Bet on Lucky Numbers with payouts up to R15 Million! The 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 […]

Reuters: The pound is set for its biggest weekly rise in six months on Friday after days of economic data and central bank rate decisions, and ahead of the Bank of England’s monetary policy meeting this week. BRITISH POUND IS SET FOR 6 MONTH HIGH At 0900 GMT, the pound was at $1.279, up less […]

Nigeria’s central bank has abolished the country’s multiple exchange rate system and effectively floated the naira currency, the bank said, as new President Bola Ahmed Tinubu revamps the country’s monetary policies. Economists, the World Bank and IMF had long urged Nigeria to abandon the complex exchange mechanism and capital controls put into place under former President Muhammadu […]

As reported by The South African website, Elon Musk earlier this year surpassed former US President Barack Obama as the most followed account on Twitter. And the South Africa-born 51-year-old billionaire has continued to widen the gap over Obama – and the rest of the world on the popular social media platform. ALSO READ | ‘The Elon Musk Show’: Q&A with […]

MONEY, MONEY, MONEY: WELCOME TO BILLIONAIRE’S PARADISE Did you know that the world has around 3 112 billionaires? But if one were to go city by city, only one US top dog takes the number one spot for the city with the most billionaires in the world. That honour goes to the famous “concrete jungle where dreams […]

The South African rand has taken a battering in recent weeks and months as dreams of holidays abroad remain just that – a dream. Load shedding, close links with Russia and a strong dollar – among several other factors – have hurt the rand as South Africans batten down the hatches and prepare to weather […]

The South African rand jumped on Thursday, clinging to gains made since the start of the week on a weakening dollar and encouraging domestic data. Reuters: The South African rand jumped on Thursday, clinging to gains made since the start of the week on a weakening dollar and encouraging domestic data. SOUTH AFRICAN RAND JUMPED […]

Former Public Protector Advocate Thuli Madonsela fell victim to a WhatsApp scam and lost thousands of rands. Madonsela took to Twitter to share with her followers how her friend’s WhatsApp was hacked and the alleged hacker asked for money for months on end. THULI MADONSELA SCAMMED ON WHATSAPP The person whose WhatsApp was hacked was […]

The South African Revenue Service (SARS) has announced the start of the 2023 tax season will begin in exactly one month from today on Friday, 7 July. Access the SARS website for your 2023 tax filing HERE SARS has begun running updates for its mobile efiling platform in preparation for the season and has already started populating taxpayer profiles […]

Money makes money and these 10 people have made a lot of it over the years. Here is a list of the 10 richest people in the world today. ALSO READ: Rand Report: Rand finds stability as US debt deal concludes The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. South African-born Elon Musk is […]

The South African rand has been spiraling lately, recording all-time lows against major currencies. More in this weekly rand report. The South African rand has been spiraling lately, recording all-time lows against major currencies. Confidence in South Africa is plummeting, with political problems taking center stage and conveniently diverting attention from the ever-present load shedding […]

Here are some useful tips to help you get on top of your finances during these very challenging financial times. Due to the cost of living crisis, many South Africans are battling to make ends meet and uphold the standard of living they are used to. Rising fuel costs, increasing energy prices and surging inflation […]

Fuel prices in Nigeria have stirred debates as they have trippled immediately after swearing in of the newly elected President Bola Tinuku. Commuting to work in Lagos, Nigeria’s megacity of some 20 million people, has long been a hellish affair, but a surge in petrol prices is making it even worse. Fuel prices have almost […]

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: SA weather update: High waves and winds expected in some parts 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 rand hit a new record low against the dollar on Thursday, 1 June amid concerns about South Africa’s relationship with Russia – and several other troubles in the country. ALSO READ: Alleged arms supply to Russia puts SA’s arms control in question The rand reached R19.88/$ in early trading. For reference, a month ago on 1 May, it was trading at R18.40 to the dollar. AT THE TIME OF […]

With the youth now facing new challenges, government interventions targeted at helping young people are making a difference in the lives of many. South Africa’s youth has always been at the forefront of change. The young people of 16 June 1976 fought for a cause that would change history. Today’s youth continue this legacy despite […]

As the Sterling rises against a weaker dollar on Tuesday, stickier than expected British inflation remains in focus ahead of a quiet week for the country’s data calendar. Reuters: As the Sterling rises against a weaker dollar on Tuesday, stickier than expected British inflation remains in focus ahead of a quiet week for the country’s […]

Finally, IMF has for the second time in 8 years approved millions of dollars with Ghana and it has already disbursed the first tranche. In mid-May 2023 the International Monetary Fund (IMF) finally approved a US$3 billion 36-month arrangement with Ghana. It immediately disbursed the first tranche of US$600 million. This is the second time […]

China is an important economic player in Africa. In 2021 alone, China accounted for nearly US$5 billion in foreign direct investment in African countries. The rapidly increasing Chinese presence across Africa has become a contentious issue both for Beijing and African governments. In particular, mega projects funded by China have resulted in public controversies about […]