Showing posts with category "finance"

Warning signs as wealthy South Africans take strain from the higher cost of living

The rate of consumers who defaulted on their loans for the first time increased in the first quarter of 2022, new data from Experian South Africa’s Consumer Default Index (CDI) shows.

August 13, 2022
tags
finance

Expect aggressive rate hike for South Africa this week

South Africa’s real interest rate is at the lowest level in almost a quarter century, adding to the case for continued aggressive monetary-policy tightening by the central bank on Thursday.

August 16, 2022
tags
finance

Inflation hits 13-year high in South Africa – here are 8 things that are much more expensive

Statistics South Africa has published its latest consumer price index, showing that annual consumer price inflation has broken through the upper limit of the Reserve Bank’s target range for the sec...

August 9, 2022
tags
finance

South Africans are running out of money before the end of the month – and battle to pay school fees

South Africans say high levels of financial stress is negatively impacting their health, and they are increasingly worried about not being able to pay all of their expenses at the end of the month.

August 7, 2022
tags
finance

Workers pushing for big wage hikes in South Africa

As food and fuel increases continue to bite, workers and labour unions are asking for wage hikes well above inflation to keep up with the cost of living.

August 16, 2022
tags
finance

Salary headache for businesses in South Africa

With Consumer Price Inflation (CPI) figures at 6.5% and wage negotiations taking place in many sectors, both employers and trade unions are facing negotiation headaches in the coming months, says l...

August 8, 2022
tags
finance

6 things you can claim back from SARS this year

South African taxpayers should ensure that all of their affairs are in order before accepting their auto-assessment from SARS this tax season, says specialist immigration firm Sable International.

August 8, 2022
tags
finance

Where the rand is heading for the rest of 2022: analysts

After showing initial strength earlier this year, the rand has lost all its gains and then some, and is currently weighing in at its weakest level in over two years, says Ryan Booysen, managing dir...

August 13, 2022
tags
finance

Rand passes R17 to the dollar as investors look at another week of load shedding in South Africa

The upcoming months for the rand are expected to be tough as load shedding takes its toll on international investment into South Africa.

August 8, 2022
tags
finance

Rand starts the week under pressure – eyes R17 to the dollar

The rand started the week under pressure, edging closer to the R17 to the dollar mark after closing last week at its weakest point in 21 months.

August 9, 2022
tags
finance

The rand is being tested as fears of a US recession mount

The rand’s 9% plunge in the past month may be just the beginning for the South African currency, whose resilience is being tested by fears of a US recession even as local fundamentals remain suppor...

August 10, 2022
tags
finance

Bigger sugar tax planned for South Africa – with billions of rands being brought in

The introduction of the Health Promotion Levy (HPL) has been largely successful in generating additional revenue for South Africa’s government, with Treasury now planning to extend and expand the t...

August 14, 2022
tags
finance