President Cyril Ramaphosa chaired a virtual inaugural meeting of the Presidential State-Owned Enterprises (SOE) Council on Thursday in a bid to strengthen the framework governing the entities‚ the presidency said in a statement. Acting…
Food prices have gone up‚ Stats SA data shows Shoppers are right: food has become more expensive. But there are exceptions‚ which savvy or cash-strapped consumers can capitalise on. Ahead of Thursday’s interest rate announcement by the SA…
NONKULULEKO NJILO As many as 91% of South Africans are concerned about being able to pay bills and loans four months into the Covid-19 pandemic, according to a TransUnion survey released on Monday. TransUnion has conducted weekly surveys…
The JSE looked set to end June with a strong performance on Friday‚ amid risk-on trade on global markets. Local banks led the gains on a retreating dollar‚ with the greenback under pressure after US GDP for the first quarter was revised…
The rand weakened to within a hair’s breadth of the symbolic R14/$‚ putting it on track for its worst quarterly performance since 2011. The rand has been a casualty in the trade spat between the US and China‚ which has brought uncertainty…
It provides many a modicum of financial freedom – especially when it comes to big purchases such as a house or a car – but too much credit can be a bad thing, particularly for the youth. IN CHAINS: A Credit Ombud report shows that most…
Ratings agency Fitch has followed rival S&P and downgraded South Africa’s sovereign credit rating to junk status. Fitch downgraded South Africa from ‘BB+’ from ‘BBB-‘, cutting both the foreign currency and local currency ratings by one…
