No rate cut by SA Reserve Bank predicted in May
Despite inflation being the lowest it has been since June 2020, economists widely anticipate that the central bank will keep the repo rate unchanged in May.
Will the fuel cut really make a difference in the lives of SA consumers?
This past week the DMRE published the official fuel price adjustments that took effect on Wednesday, 7 May, announcing a cut in the price of petrol of 22 cents per litre for 93 and 95 petrol, respectively and between 41 and 42 cents per litre for diesel.
Cosatu extremely concerned about crises at Daybreak
Daybreak Foods grapples with severe financial difficulties, leading to a shocking culling of poultry and protests from unpaid workers. The company seeks assistance from the Public Investment Corporation to navigate its crisis.
How local SMEs can leverage cross-border e-commerce opportunities
The rise of cross-border e-commerce trade is unlocking new opportunities for South African businesses eager to expand their reach and revenue.
Real costs and implications of an unpredictable political landscape for SMEs
This month, Miguel da Silva, Group Executive: Business Banking at TymeBank, looked at the very real costs and implications of an unpredictable political landscape for SMEs.
South Africa's food prices rise sharply despite easing inflation
Despite a slight easing in inflation, South Africa's food prices have surged, leaving workers struggling to afford basic necessities.
Coalition politics and budget cuts: What to expect from Godongwana's upcoming speech
"Finance Minister Enoch Godongwana is set to deliver a third Budget Speech on 21 May, following political debates surrounding VAT increases and the need for fiscal responsibility in South Africa.
South Africa faces mounting budget pressures as finance minister unveils new fiscal plans
Finance Minister Enoch Godongwana addressed South Africa's ongoing budget crisis, detailing the recent VAT changes and the implications for the country's fiscal future.
Spotify’s AI Playlist now available in South Africa, enhancing music discovery
The music streaming giant announced that it is bringing Premium users in more than 40 markets another feature to turn users most creative ideas into playlists by introducing AI Playlist in beta.
Cybersecurity: how the Cell C and SABS attacks could have been prevented
Two recent, high-profile cyberattacks—one on mobile telecommunications provider Cell C and another on the South African Bureau of Standards (SABS)—have rocked South Africa.
The implications of WhatsApp's new AI features on user privacy
There has been growing debate around what it means for user privacy and the future of encrypted messaging.
Going beyond the code, investing in Girls in ICT is a future investment
Despite strides in awareness, the numbers remain sobering, with 30% of science and ICT professionals are woman, globally.
Tariff wars pose new challenges for Africa's cross-border payments and economic growth
With the global economy in flux, discover how tariff wars are reshaping Africa's cross-border payments and what it means for future trade opportunities. Will Africa's economies rise to the occasion and forge stronger, intra-continental ties?
Scrapped VAT increase: What it means for consumers and businesses
South African Finance Minister Enoch Godongwana announces the reversal of the proposed VAT increase, providing short-term relief for consumers and businesses. This article explores the implications of this decision on pricing stability and communication strategies for companies.
Finance Minister’s decision to withdraw VAT increase brings relief to consumers
Finance Minister Enoch Godongwana announced this past Thursday that the National Treasury will no longer be implementing the controversial 0. 5 percentage points increase in the value-added tax (VAT).
MTN Group reports cybersecurity incident affecting customer data
MTN Group has confirmed a cybersecurity incident resulting in unauthorised access to customer data. The telecommunications giant assures that core systems remain secure and urges customers to take precautionary measures.
VAT victory should see Finance Minister Enoch Godongwana adjusting projected growth rate
Frank Blackmore, lead Economist at KPMG, told Business Report that he thinks this was good news for most South Africans as it spares them an additional stress of increasing prices on numerous goods throughout the economy in an environment where they already facing a very high cost of living.
Inflation down to a 5-year low, time to cut the interest rate, says Seef
The inflation rate has now fallen to a 5-year low, and is well below the Reserve Bank’s target range of 3%-6%.
SACCI Business Confidence Index indicates cautious optimism for South African SMEs
While there are indications of improved confidence, industry experts warn that complacency is far from advisable, particularly for small and medium-sized enterprises (SMEs) facing unprecedented challenges.
Report reveals what has, and hasn’t, changed in the lives of consumers since the pandemic
To help businesses gain a sharper understanding of their consumers five years on from the announcement of the lockdown, The Up&Up Group and KLA have released a white paper detailing exactly what has, and hasn’t, changed in the lives of consumers in South Africa.
VeliTech disrupts South Africa's iGaming industry with next-generation solutions
VeliTech has launched in South Africa, introducing next-generation solutions to a rapidly growing iGaming market, promising to revolutionise player experiences and empower local operators
South Africa's energy crisis: from load shedding to unaffordable electricity
As load shedding becomes a thing of the past, South Africans now face a different energy crisis - affordability. With 86% of citizens already unable to afford electricity costs before the April tariff increase of 12. 7%, and a possible VAT hike looming, Debt Rescue CEO Neil Roets warns of a 'cold, dark winter ahead' for most households.
Budget Insurance recognises worrying pattern in Easter insurance claims
Urging smarter travel choices this Easter holiday.
FNB forecasts growth in Easter spend despite tough economic climate
Accommodation, clothing, hardware, flights, and fuel set to drive holiday spend.
Budget pinch: South Africans reduce Easter charity and travel spending
As South Africans get ready for April holidays, charitable donations see a surprising decline amidst rising travel and essential expenses, prompting new spending habits and financial strategies. Discover what this means for consumers this month.