Latest News & Developments
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Good start to the year for vehicle sales in SA
The automotive body said that if the SARB continued with a rate cutting cycle this year, the domestic new vehicle market could see a single-digit percentage improvement compared to 2024 levels, marking the beginning of a much-needed turnaround for the industry.
Cape Town nature reserves to go cashless from February 2025
The City of Cape Town issued a notice informing residents that several of its prominent nature reserves would transition to cashless payment systems starting on 1 February 2025.
Tau says “no strings attached” in R100bn Transformation Fund amid objections
The fund will offer equity funding, debt and grants to accommodate different needs of the intended target beneficiaries.
Space to operate: breaking down the barriers to scale for SMEs in South Africa
Without cash flow, SMEs do not have one of the key resources to foster sustainable growth.
Starting a business in 2025? Here's how to get funding
An average of only one in five ever get the financial help they require despite the significant resources available to them to get their funding application over the line.
Smart ways to use your December bonus responsibly during the holiday season
Ester Ochse, Product Head at FNB Integrated Advice, shared five smart ways to use your December bonus responsibly when spending during the festive season, to avoid ‘Janu-worry’.
Stay vigilant when withdrawing your stokvel savings this festive saving, FNB warns
Stokvel groups and members should be vigilant against fraudsters and criminals who are eagerly waiting to scam and rob them off their stokvel contributions.
Sekunjalo argues it will face irreparable damage if Nedbank doesn’t open its bank accounts
Advocate Katlego Monareng said that no South African company could operate meaningfully in the economy without a bank account. Excluding a significant player like Sekunjalo from the mainstream economy, he argued, should not become normalized.
SAA pilots feet stuck firmly to the ground to force compensation during peak festive flight season
SAA pilots have initiated a strike demanding a 15. 5% bonus, citing unresolved wage disputes dating back to the Covid-19 pandemic.
Black Friday 2024: A 24-hour snapshot of shopping trends
Tracking the 24-hour results, BankservAfrica analysed transaction volumes against both the preceding day (Thursday, 28 November), representing a typical shopping day, and Black Friday 2023 for a year-on-year comparison.
Watch how South Africans are buying on Black Friday
Keep an eye on how South Africans are buying this Black Friday using Peach Payments' Black Friday Dashboard.
SA retailers are ready for Black Friday, this is what they are offering
Consumers in the country will search for the best deals to spend their hard-earned rands on as many businesses participate in the shopping extravaganza.
Groot Phesantekraal’s André Brink named Farmer of the Year for 2024
Celebrating innovation in farming, André Brink of Groot Phesantekraal secures the 2024 Farmer of the Year title, showcasing how tradition meets sustainability.
Ninety-One to manage R400 billion of assets for Sanlam in new partnership
In recognition of the value transferred, Ninety One intends to issue shares to Sanlam, giving Sanlam an approximate stake of 12. 3% of Ninety One’s share capital. Ninety One will remain an independent investment manager with staff as its largest shareholder.
SARS says R35 billion withdrawals have been made in Two-Pot retirement system
The SARS yesterday updated the total figures for tax directives received concerning withdrawals from the Savings Withdrawal Benefit under the Two-Pot system.
Lottoland wins interim order against Google in landmark antitrust case
The argument was over Google not allowing Lottoland SA to advertise because it felt that the betting company contravened the Lotteries Act, while Lottoland SA’s competitors were allowed to book space on the search engine.
Rising cost of living forces South Africans into credit card dependency
A recent McKinsey Global Consumer Sentiment Survey revealed that 87% of consumers describe their current economic situation as stretched, leading 61% to cut back on spending.
SA’s average take-home pay exceeds R17 000, signalling economic recovery
The data reveals that real take-home pay has increased by 2. 2% in the first nine months of this year, signalling a welcome trend as it compares favourably to the full-year average in 2023.
Shoprite increases executive pay as consumers tighten their belts
These hikes come as the grocery chain navigates a complex retail environment exacerbated by economic headwinds that have left consumers feeling the squeeze.
Premier Thamsanqa Ntuli’s first 100 days: financial struggles and future solutions for KZN
KwaZulu-Natal faces severe financial challenges, with economists urging anti-corruption measures as a key solution. Premier Thamsanqa Ntuli outlines the province’s fiscal struggles, while experts emphasise the need for efficient governance and economic growth to overcome the crisis.
Shoprite ensures continued access to Money Transfer services to Lesotho and Eswatini amid new EFT regulations
The retail giant said that its customers can continue to send money to Lesotho and Eswatini from all Shoprite, Checkers and Usave stores nationwide.
Warning to expats: check your tax non-residency status
Where their tax affairs are not in order, the consequences can range from a full SARS audit, SARS additional tax assessments being raised without prior knowledge, SARS penalties, issues with any South African banking and a range of other problems which can be avoided.
Words on Wealth: How worrying are market wobbles?
If you’re a pensioner who has a relatively large proportion of your retirement savings invested in higher-risk assets such as local and offshore equities, market volatility and negative performance matter a lot, because you may not have the time for the markets to compensate you for any loss.
The benefits of long-term offshore investments
Increased offshore exposure and the more diverse your assets are, the lower the risk of impact by market volatility.
Beneficiary trusts empower leaders of tomorrow
Beneficiary trusts look after money allocated to minor beneficiaries of deceased retirement fund members.