Showing posts with category "finance"

10 things you need to know about South Africa’s proposed two-pot retirement system

Reforms to South Africa’s retirement laws could spell a major shake-up in how people access their pension funds if they are not aware of the proposed changes.

September 24, 2022
tags
finance

How many people say they won’t last a month without a salary in South Africa

Data from the Old Mutual Savings and Investment Monitor survey (OMSIM) shows that South Africans have learned a hard lesson over the last two years, and more have begun to put money aside in the fo...

September 24, 2022
tags
finance

Johannesburg Stock Exchange revels in market volatility

The Johannesburg Stock Exchange (JSE) on Tuesday (02 August), reported a strong performance for the first half of 2022, delivering revenue growth across all segments.

September 20, 2022
tags
finance

Proposal to cap medical aid price increases for 2023

The Council for Medical Schemes (CMS) recommends that increases to medical aid contributions for 2023 stay at or below inflation.

September 23, 2022
tags
finance

Is the US economy in recession? Here are 8 offbeat indicators to watch

After two quarters of contracting gross domestic product in the US, a debate has raged across Wall Street and Washington about when the country will be in a recession — and whether we’re already in...

September 17, 2022
tags
finance

Proposed wealth tax could push South Africans to emigrate, say economists

Economist warn that a BIG is unsustainable as it could drive the high tax paying population out of hte country.

September 22, 2022
tags
finance

Treasury drafts plan to lift retirement savings in South Africa

South Africa’s National Treasury has published draft reforms aimed at encouraging citizens to have easily accessible savings, while also ringfencing funds meant for retirement.

September 20, 2022
tags
finance

What rocketing interest rates mean for your money

South Africa’s interest rate is at its highest level in five years – on 21 July, the South African Reserve Bank (SARB) announced that interest rates would increase by 75 basis points (bps), taking ...

September 24, 2022
tags
finance

Major red flags for savings accounts in South Africa – here’s what to look out for

More South Africans are living outside of their means addicted to debt but National Debt Adivosrs provides insight on what to look out for.

September 23, 2022
tags
finance

These 4 graphs show how South Africans are getting poorer

South Africans are taking home less each month, while the cost of fundamentals like food, fuel and electricity keep climbing.

September 23, 2022
tags
finance

Economists on why the rand is so undervalued right now

The latest update to The Economist’s Big Mac Index shows that South Africa’s currency is one of the most undervalued in the world.

September 17, 2022
tags
finance

What the latest interest rate hikes mean for the average household debt in South Africa

After the latest interest rate hikes economists want to know exactly how much more the average South African consumer will pay at the end of the month.

September 18, 2022
tags
finance