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 […]

The SARB voted to hike interest rates by 50 basis points on Thursday. This is how much a R1 million bond will now cost every month. The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) voted to hike interest rates by 50 basis points on Thursday. That decision took the country’s repurchase rate to 8.25% while the prime lending […]

The SARB Monetary Policy Committee has voted to hike interest rates by 50 basis points, dealing yet another blow to South Africans in debt. The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) voted to hike interest rates by 50 basis points on Thursday, dealing yet another devastating blow to South Africans in debt. FOR THE LATEST […]

South African Reserve Bank’s (SARB’s) Monetary Policy Committee voted to hike interest rates in the country by 50 basis points on Thursday. South African Reserve Bank’s (SARB’s) Monetary Policy Committee voted to hike interest rates in the country by 50 basis points on Thursday. MUST READ | DEVELOPING STORY: Constantia mass murder – police on scene This will take the repurchase […]

With a bank balance of over R800 million, ActionSA has questioned how convicted rapist Thabo Bester was able to open his bank account. The party’s Free State chairperson Patricia Kopane, has written to the commissioner of the Financial Sector Conduct Authority (FSCA), Unathi Kamlana to seek clarity on the matter. REVEALING BESTER’S IDENTITY On Monday, […]

Reuters: The South African Rand strengthened on Monday amid relief that South Africa’s credit rating was not downgraded and bets on a large interest rate hike, with a central bank announcement the main focal point of the week. SOUTH AFRICAN RAND STRENGTHENED At 1001 GMT, the rand traded at 19.2500 against the dollar, about 1.08% […]

Consumers are under a lot of financial strain. The World Economic Forum reports that the cost-of-living crisis is affecting people across the globe. With food and fuel prices rising, it’s becoming increasingly difficult to keep financially afloat. On top of that, salaries aren’t keeping up with inflation, making it more difficult to save and build […]

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: Industrial policy: US laws to promote African industries The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. France’s Bernard Arnault is the new richest person in the world having surpassed […]

Article originally published on GroundUp By Steve Kretzmann The Post Office has been deducting pension fund contributions from workers’ salaries, but the last time any money was paid over to the retirement fund was in April 2020. Authorities will not say how much is owed to the retirement fund, but it may be R1-billion. If the Post Office […]

There is a rising number of consumers who find themselves battling with banks through the Ombud for Banking Services South Africa, you can take a wild guess who is leading the list. ALSO READ: Titanic shipwreck captured in first full-sized 3D scan – PICTURE CONSUMERS COMPLAINING VIA THE OBS South African consumers are increasingly bypassing […]

It’s still too early to predict what lies ahead for both petrol and prices in early June, but the latest data from the Central Energy Fund (CEF) remains good for motorists in South Africa, BUT … ALSO READ: KFC rubbishes Romeo Malepe’s claims of stealing his kota idea Looking ahead, fluctuations in international product prices and rand weakness show the following […]

The recently released unemployment statistics reveal that the unemployment rate in South Africa rises again in the fourth quarter. ALSO READ: Ramaphosa more of a ‘country-club manager’ than a president, says De Ruyter SLIGHT INCREASE IN UNEMPLOYMENT RATE IN Q4 Statistics South Africa has published the results of the Quarterly Labour Force Survey (QLFS) for Q3 2023, […]

Even at mid-May, it’s still too early to predict what lies ahead for both petrol and prices in June, but the latest data from the Central Energy Fund (CEF) remains good for motorists in South Africa, BUT … Looking ahead, fluctuations in international product prices and rand weakness show the following under-recoveries (price increases) or over-recoveries (price decreases) for petrol […]

The South African rand firmed in early trade on Monday, recovering from an all-time low hit against the dollar last week as investors were spooked by possible sanctions amid U.S. allegations. SOUTH AFRICAN RAND REGAINS SOME GROUND At 0750 GMT, the rand traded at 19.050 against the dollar, 1.45% stronger than its previous close. The […]

Money makes money and these 10 people have made a lot of it over the years. And by a lot, we mean a LOT! These are the 10 richest people in the world today. ALSO READ: Gauteng government aims to hire 6 000 people to fix potholes The Bloomberg Billionaires Index is a daily ranking of the world’s […]

Cape Town, known for its natural beauty, is home to South Africa’s “most exclusive suburbs and streets”, according to the Africa Wealth report for 2023. ALSO READ: LOOK: Inside Cape Town’s spectacular Iron Man Villa: A futuristic architectural masterpiece CAPE TOWN SUBURBS DOMINATE THE ‘MOST EXPENSIVE’ LIST The local-based global wealth intelligence firm said while […]

It’s too early to predict what lies ahead for the price of fuel in June, but the latest data remains good for SA motorists, BUT … SHOPPERS | Cheapest groceries in South Africa: Checkers v Woolworths v Pick n Pay – and more Looking ahead, fluctuations in international product prices and rand weakness show the following […]

Money makes money and these 10 people have made a lot of it over the years. And by a lot, we mean a LOT! These are the 10 richest people in the world today, with Bernard Arnault being at the top of the list. ALSO READ: Apple to launch its first online store in Vietnam next […]

Apple will launch its first online store in Vietnam next week, the company said Friday, hoping to cash in on the country’s young and tech-savvy population. The iPhone maker is among a host of global tech giants including Intel, Samsung and LG, that have chosen Vietnam for assembly of their products. But up to now, the […]

According to experts, South Africans can afford to breath a sigh of relief in 2023 as food prices are expected to drop. South Africans can breathe a sigh of relief as experts predict that prices are set to drop this year. ALSO READ: LIST: Vehicles that are mostly targeted in hijackings in South Africa FOOD PRICES […]

The furore over the alleged spelling mistake on the new R100 note is far from over – experts are now disputing the explanation for the change given by other experts. READ: PanSALB confirms ‘mistake’ on R100 note is actually correct XITSONGA EXPERTS DISMISS PANSALB’S EXPLANATION FOR ALLEGED SPELLING MISTAKE ON NEW R100 NOTE The new […]

The Pan South African Language Board (PanSALB) said the “spelling mistake” on the upgraded R100 note was not an error, and the Xitsonga spelling of “Bangikulu” was correct. PANSALB AND XITSONGA NATIONAL LANGUAGE BODY CONFIRM AUTHENTICITY OF R100 NOTE SPELLING The supposed mistake on the new R100 note sparked concerns from the public. PanSALB sought to notify […]

You can now skip all the scrolling to find the latest trending Twitter videos cause we’ve got your back with all the latest viral videos. People dive into sewer to collect currency notes. Image: @JournoDevRaj/Twitter Searching for the latest trending videos on Twitter can be frustrating as everyone tries to ride the hashtag wave. So, The South African has made […]

Zimbabwe’s Reserve Bank has introduced gold-backed digital tokens ahead of the summer elections in an attempt to prop up its failing currency. Zimbabwe’s Reserve Bank has introduced gold-backed digital tokens to bolster the country’s struggling currency. Zimbabwe’s Reserve Bank introduced gold-backed digital tokens on Monday to bolster the country’s struggling currency ahead of the summer […]

South African farmers are preparing to grow winter wheat, canola, and barley as the preparation of land for winter crops starts in April. All of South Africa’s wheat production takes place during the winter months. Image: The Conversation. Winter is an important season for South African agriculture, with some of its key field crops being […]