The single biggest destroyer of your wealth – and what it will cost you

The Covid-19 pandemic has underlined how few people save for a rainy day or have an emergency fund, and a significant number of South Africans have resorted to cashing-in their retirement savings to make ends meet.

Food prices in Joburg vs Cape Town vs Durban

The Pietermaritzburg Economic Justice and Dignity group (PMBEJD) has published its September report on South Africa’s poverty lines, with shows how the prices of core foods differ across the country’s major cities.

South Africans are struggling to pay their bills – here’s how much we owe on our credit cards

New data from consumer credit reporting agency, TransUnion shows that despite a declining supply of new credit, credit card balances increased as lenders in South Africa continue to focus on increasing limits for existing cardholders.

China is sending shockwaves through South African markets

South African stocks are feeling the pain coming from China.

5 important things happening in South Africa today

Unions are sceptical about South African vaccine certificates; finance minister says the government needs to make South Africa attractive to investors; Sanral says it is losing funding opportunities while government drags its feet over e-tolls; and here’s a roundup of the 2021 election manifestos from major parties.

New Cape Town stock exchange opens for trading

The latest South African stock exchange opens Thursday pledging to lure firms from across the continent with listing costs that are a third of that charged by the Johannesburg Stock Exchange.

The best and worst medical aids, according to South Africans

Consulta has published its latest South African Customer Satisfaction Index (SAcsi) for the local medical aid industry, outlining the medical aid schemes with the happiest customers.

New law to force South African companies to report pay differences between executives and workers

President Cyril Ramaphosa’s cabinet has approved the publication of the Companies Amendment Bill of 2021 for public comment, with the draft bill set to be officially gazetted in the coming weeks.

Economists warn that South Africa’s jobs crisis is likely to get worse

The Quarterly Employment Statistics published by Statistics South Africa on Tuesday (28 September) shows that a further 86,000 jobs were lost in the formal non-agricultural sector in the second quarter of 2021, with economists warning that the cuts will have significant knock-on effects.

This is the average take-home pay in South Africa right now

South Africa’s nominal take-home pay increased by 8.1% year-on-year in August 2021, according to the BankservAfrica Take-home Pay Index (BTPI). In real terms, the increase was a more muted 3.2% – the fastest real increase since July 2020.

How much money the average worker gets paid in South Africa

Statistics South Africa has published its Quarterly Employment Survey (QES) for Q2 2021 – showing what workers are getting paid across the various sectors in the country.

South Africa can’t afford universal grant says business body

South Africa can’t afford to implement a basic income grant, South Africa’s biggest business organization said, wading into an argument that has divided the ruling African National Congress.