Finance

Reserve Bank talks up digital rand progress for South Africa

A digital rand in South Africa could cut the high cost of cross-border payments for banks, says Juben Naidoo,...

Reserve Bank hikes rates by 50 basis points

The South African Reserve Bank’s Monetary Policy Committee (MPC) has voted to hike interest rates by 50 basis points,...

5 reasons why South Africa’s economy is struggling right now

South Africa faces a tough economic quarter, says the Bureau for Economic Research (BER), with low GDP momentum exacerbated...

8 things that are more expensive in South Africa – and 3 that got cheaper

Statistics South Africa has published its latest consumer price index, showing that annual headline inflation remained flat at 5.9%,...

Cash hoarding at 2001 high on stagflation fear, poll shows

Investors are piling into cash as the outlook for global growth plunges to an all-time low and stagflation worries...

SARS is going after 440 taxpayers in South Africa who owe an average of R50 million in debt

The South African Revenue Service (SARS) is owed R190 billion by thousands of entities and individual taxpayers. This was...

Economists predict big rate hike for South Africa this week – here’s what to expect

The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) is set to increase the repo rate this week...

New case deals with ‘non-refundable’ deposits in South Africa

The Consumer Goods and Services Ombudsman (CGSO) recently dealt with the issue of ‘non-refundable’ deposits and whether such a...

A big pensioner tax change has hit South Africa

The South African Revenue Service (SARS) has introduced new regulations for pensioners in South Africa which has generated a...

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