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.
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...
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.
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.
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...
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.
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.
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 ...
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.
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.
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.
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.
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