Latest News & Developments
finance
Rising living costs push South Africans to rely more on personal loans
With the rising cost of living outpacing income, an unprecedented number of South Africans are turning to personal loans, highlighting a growing financial crisis.
More South Africans are relying on personal loans as cost of living soars
More South Africans than ever are using personal loans to make up the shortfall between income and the rising cost of living.
Tshwane's 2025/2026 budget: A risky reliance on property tax revenue
Concerns have been raised over Tshwane's 2025/2026 budget, especially its reliance on property tax revenue and potential financial risks.
Liquidators of uMhlanga's Pencil Club strive to generate R80 million from asset sales
Financial experts are working to generate R80 million from the liquidation of the prestigious Pencil Club in uMhlanga, which has faced significant financial challenges, leaving its elite members concerned about its future.
Soaring food costs squeeze South Africans
This spike in food costs continues to negatively affect the poor, who are already bearing the brunt of the sluggish economy and instability.
Skipping insurance premium payments could leave you financially vulnerable, Financial Ombud scheme warns
Are you thinking of skipping your insurance premiums to save money? The Financial Ombud warns of the possible financial consequences.
SARB governor Lesetja Kganyago calls for innovative tech solutions to enhance financial trust
South African Reserve Bank Governor Lesetja Kganyago emphasises the need for scalable, cross-border technology solutions at the G20 TechSprint 2025, highlighting the importance of trust and integrity in financial systems for enhancing global financial inclusion.
Understanding the exemption of legacy policies in the new pension system
What you need to know
New funding round from National Treasury's Jobs Fund to boost green and informal economies
The Jobs Fund has announced a new funding round aimed at innovative projects in green and informal economies. Learn how to apply for grants and make a difference in your community.
VAT increase reversal seen as a step towards economic stability in South Africa
South Africa's Treasury has reversed its decision to increase Value Added Tax, a move welcomed by opposition parties and analysts as a step towards sustainable fiscal policies amidst economic challenges.
KwaZulu-Natal Education Department reassures teachers about salary payments
The KwaZulu-Natal Department of Education has assured teachers that their salaries are secure despite facing a R1. 3 billion budget shortfall, with a commitment to ring-fence funds for salary payments
DA’s own deputy minister at Treasury knew about VAT hike, Parliamentary reply shows
ActionSA has unveiled evidence implicating the Democratic Alliance in the controversial 2% VAT increase for the 2025 Budget, revealing their Deputy Minister's direct involvement in the drafting process.
SA's biker delivery boom | The faceless individuals driving the country's economy may be struggling
Explore the untold stories of South Africa's delivery drivers, who, despite their vital role in the economy, face significant challenges and hardships in their daily lives.
Former PAC president Luthando Mbinda convicted of fraud worth nearly R1 million
Luthando Mbinda, the former president of the PAC, has been convicted of fraud amounting to nearly R1 million, marking a significant turn in the political landscape.
DA won't exit Government of National Unity over VAT controversy, Zille confirms
Helen Zille has confirmed the Democratic Alliance will remain within the Government of National Unity despite opposing the controversial VAT increase.
IFP affirms support for national budget, plans to meet DA for cooperation in GNU
The DA and EFF have approached the court to legally challenge the passing of the 2025 Budget that included a 0. 5% Value-Added-Tax (VAT).
Eastern Cape businessman arrested for R217,000 water tender fraud
Thabo Caza, a businessman from the Eastern Cape, has been arrested and appeared in court over serious allegations of fraud related to a water tanker tender.
Inseta defends 97 percent performance record against Outa's 'false' audit claims
The Insurance Sector Education and Training Authority (Inseta) hits back at Outa's 'demonstrably false' allegations, citing its 97% operational performance and support of 62,000 beneficiaries while challenging claims about audit irregularities.
Hawks arrest three for illegal trading of precious metals worth R10. 2 million
Three individuals, including a father and son, have been arrested by the Hawks in Gauteng for allegedly trading precious metals.
'Business is being erratic' | Mbalula slams corporate interference in ANC-DA dispute
Business leaders' attempt to mediate between the ANC and DA backfires as Mbalula criticises corporate interference in government affairs, calling their preference for the DA 'erratic'.
Budget 2025 | FF+ slams ANC for working with other parties to pass budget but insists it won't quit the GNU
Freedom Front Plus (FF+) leader Corné Mulder stated that his party’s participation in the Government of National (GNU) was based on the question of whether it benefits Afrikaners and other minorities in South Africa.
ANC to reveal DA's future in the Government of National Unity, according to Mashatile
Deputy President Paul Mashatile responds to the DA's budget rejection, questioning their commitment to the Government of National Unity and hinting at potential consequences for the party's future.
ANC to announce DA’s future in GNU on Monday says Mashatile
In a leaked audio clip, President Cyril Ramaphosa and his deputy President Paul Mashatile expressed that the DA's actions have effectively positioned the party outside the framework of the GNU.
GNU crisis | Mashatile condemns DA ministers for working after budget rejection
Deputy President Paul Mashatile questions DA ministers' integrity for reporting to work after opposing the budget vote, as ANC's top leadership meets to decide the future of the Government of National Unity.
Equities savaged as China retaliation to Trump tariffs fans trade war
Asian stocks plunged on a market "Black Monday" after China hit back at the US. with major tariffs, escalating a trade war that many fear could lead to a recession.