News

Your go-to source for finance updates, covering banking, savings, market news, and smart ways to handle your money.

Faster payments

21 February 2025

How Payments Are Becoming Faster, Smarter, and More Secure

The financial landscape is undergoing a profound transformation as digital transactions redefine the way businesses and consumers interact. At the core of this shift are ...

SASSA Gold Cards No Longer Work

21 February 2025

SASSA Gold Cards Will No Longer Work After 28 February 2025

The South African Social Security Agency (SASSA) and Postbank have issued a strong appeal to all social grant beneficiaries, advising them to replace their existing ...

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Banking Apps Security Risks

21 February 2025

South Africans Using Banking Apps Warned of Security Risks

A new study has revealed a worrying surge in fraud linked to banking apps in South Africa, as financial services continue shifting towards mobile platforms. ...

Small Business

21 February 2025

How a Strong Credit Score Can Help Your Small Business Grow in South Africa

Owners of Small, Micro, and Medium-sized Enterprises (SMMEs) in South Africa recognise that securing business funding is an essential component of achieving sustainable growth. However, ...

Massive Spending Surge Among South African Shoppers

18 February 2025

Massive Spending Surge Among South African Shoppers

Consumer spending surged throughout December 2024 in South Africa, driving an enormous increase in retail transactions and contributing to a total of nearly R88 billion ...

Falling Interest Rates Influencing South Africa’s Rental Market

17 February 2025

How Falling Interest Rates Are Influencing SA’s Rental Market in 2025

Despite ongoing economic challenges and persistently high inflation, South Africa’s rental property sector demonstrated remarkable resilience throughout 2024. However, a series of rapid interest rate ...

South African Banks Lock You Out of Your Home

17 February 2025

Can South African Banks Really Lock You Out of Your Home?

South African banks possess extensive powers that enable them to protect their financial interests, but these measures can sometimes have serious and unforeseen consequences for ...

Higher Insurance Premiums

21 February 2025

Expect Higher Insurance Premiums in South Africa

The increasing frequency and severity of climate-related disasters are expected to push up insurance premiums for South African policyholders. While natural disasters were previously considered ...

The Difference Between a Financial Planner and a Financial Advisor

21 February 2025

Institute Calls for More Certified Financial Planners in South Africa

South Africa’s financial planning sector has reached a significant milestone, with over 5,000 professionals now qualified to use the Certified Financial Planner (CFP®) designation. This ...

Increased Credit Demand

16 February 2025

What Increased Credit Demand Means for Consumers in South Africa

With increasing optimism about financial stability, many South Africans view access to credit as a vital tool for achieving their personal and economic goals. The ...

SRD Grants Suspended

21 February 2025

SRD Grants Suspended for Suspicious Beneficiaries, Says SASSA

The South African Social Security Agency (SASSA) has taken decisive action to address concerns over fraudulent activities linked to the Covid-19 Social Relief of Distress ...

Easier SRD Grant Applications

21 February 2025

Court Decision Paves Way for Easier SRD Grant Applications

The North Gauteng High Court situated in Pretoria delivered a significant judgment on Thursday, which could improve access to the Social Relief of Distress (SRD) ...

Debt Review Solution

10 February 2025

Why Debt Review Isn’t Always the Ideal Solution

Persistent worries about debt and financial struggles can significantly harm your overall quality of life, health, and mental well-being. The constant stress of managing debt, ...

Cryptocurrency and Retirement Savings

21 February 2025

How Cryptocurrency Is Shaping the Future of Retirement Savings

Pension funds are crucial investment vehicles designed to manage individuals’ retirement savings. Their primary objective is to promote long-term financial planning, ensuring retirees have a ...

Struggling with January Bills Practical Solutions Ahead

9 February 2025

Struggling with February Bills? Practical Solutions Ahead

Financial education specialist, Salem Nyati, provides practical strategies for South Africans facing the financial strain of February, a month often fraught with economic challenges. Key ...

Inflation

9 February 2025

Higher Prices in South Africa – And Experts Predict More to Come

Inflation experienced a slight increase in December 2024, aligning with market expectations. Despite the uptick, inflation continues to rest at the lowest level within the ...

Used Car Market

9 February 2025

Exploring the 2025 Used Car Market in South Africa

The used car market has undergone significant transformation in recent years, presenting both challenges and opportunities for sellers. For individuals aiming to sell a well-maintained ...

Big Penalties for Mishandling Credit and Debit Cards

3 February 2025

Big Penalties for Mishandling Credit and Debit Cards in South Africa

Nedbank has issued a reminder to South Africans about the importance of adhering to regulatory requirements governing the use of credit, debit, and virtual cards. ...

Rising Education Costs

3 February 2025

Ways Families Can Tackle Rising Education Costs

As the academic year begins, households across South Africa face growing financial pressures. The steadily increasing cost of education is placing significant strain on family ...

Lending Practices

31 January 2025

South African Banks Under Parliamentary Scrutiny for Lending Practices

The Portfolio Committee on Trade, Industry, and Competition, together with the Standing Committee on Finance, has announced plans to convene a critical meeting with major ...

South Africa's GDP

31 January 2025

South Africa’s GDP Overshadowed by Elon Musk’s Wealth

South Africa-born entrepreneur Elon Musk, renowned for his leadership of Tesla and SpaceX, has seen his wealth climb to an astonishing $426 billion (equivalent to ...

Petrol Costs

9 February 2025

Petrol Costs Set to Climb Higher in February 2025

The latest projections indicate that South African motorists are set to face even more challenging times with steep increases in petrol and diesel prices expected ...

South Africa’s Economy

31 January 2025

South Africa’s Economy Poised for Recovery After a Decade of Challenges

South Africa’s economic prospects appear to be improving after more than a decade of sluggish growth. This renewed momentum is supported by a combination of ...

New Vehicle Sales Slowdown

28 January 2025

2024 Sees New Vehicle Sales Slowdown, Optimism for 2025 Growth

The South African new vehicle market continues to grapple with the challenges of returning to pre-pandemic sales levels. Data for 2024 reveals a 3.0% year-on-year ...

Tax-Free Savings Account

6 February 2025

Is Your Tax-Free Savings Account Realising Its Maximum Potential?

As the tax year-end on 28 February approaches, individuals still have the chance to optimise their tax-free savings and take full advantage of the benefits ...

Weak Rand in Investors' Favour

26 January 2025

How a Weak Rand in 2025 Could Work in Investors’ Favour

The rand has recently been hovering near a nine-month low, primarily due to the continued strength of the US dollar. This raises questions about whether ...

SARB’s Interest Rate Announcement

9 February 2025

Will January Bring Relief? SARB’s Interest Rate Announcement Awaits

South Africans are eagerly awaiting the Monetary Policy Committee’s (MPC) interest rate decision, to be announced on 30 January 2025 by South African Reserve Bank ...

Practical Money-Saving Tips

12 January 2025

How to Survive Januworry: 10 Practical Money-Saving Tips

The holiday season has come to an end, and with it comes “Januworry”—that dreaded month when finances are under more pressure than ever! After weeks ...

South Africa Q4 2024

13 January 2025

What Drives Consumer Spending and Debt Decisions in Modern Households? South Africa Q4 2024

The quarterly Consumer Pulse Study conducted by TransUnion examines the evolving financial habits, perceptions, and behaviours of South African consumers. It sheds light on how ...

Africa’s 10 Most Expensive Cities to Live In

21 February 2025

Africa’s 10 Most Expensive Cities to Live In

The cost-of-living index provides a critical measure of how much people need to spend on essentials like food, transportation, utilities, and healthcare. When these costs ...

South African Flag

9 February 2025

South Africa’s Economic Future Looks Bright, Says KPMG

KPMG South Africa has projected that the country’s economy is on track for moderate growth over the coming years, with an anticipated expansion of 1.5% ...

Secure Funding

5 January 2025

How to Secure Funding for Your 2025 Startup

Small and medium-sized enterprises (SMEs) in South Africa continue to struggle with obtaining the necessary funding to elevate their operations and scale their businesses effectively. ...

Debt or Investment

5 January 2025

Debt or Investment: Making the Most of Your Year-End Bonus

For those living in South Africa, December is more than just the final month of the year – it’s a season of celebration, joy, and ...

Creating a Will

5 January 2025

Why Creating a Will Should Top Your Financial Checklist

A paradigm shift is currently underway in how people are thinking about their financial futures. Unlike traditional approaches that focus predominantly on income and expenses, ...

Wage Hike

26 December 2024

Minimum Wage Hike Proposed by National Commission for 2025

The National Minimum Wage Commission has proposed a substantial increase to the national minimum wage (NMW) for 2025. The recommended adjustment, outlined in a statement ...

Tariffs on Shein and Temu

26 December 2024

Tariffs on Shein and Temu: Protecting Jobs or Costing Consumers?

A multitude of individuals have appended their signatures to a petition challenging the decision by the South African Revenue Service (SARS) to abolish a previously ...

Fraud in SASSA Grants

26 December 2024

Exposed: Deep-Rooted Fraud in SASSA Grants

Two first-year computer science students at Stellenbosch University have been actively searching for vulnerabilities in both governmental and private-sector systems, utilising publicly available internet resources ...

Interest Rate Cuts

18 February 2025

South Africans Brace for Relief with 2025 Interest Rate Cuts, Yet Challenges Persist

The South African Reserve Bank (SARB) is expected to resume its cycle of interest rate cuts in January, following two consecutive months where inflation dipped ...

South Africans relying on credit

16 February 2025

Lifestyle Costs Push South Africans Toward More Credit

The year 2024 has proven to be one of the most financially challenging periods for South Africans. Persistently high interest rates have dominated most of ...

Average Salary in South Africa

26 December 2024

The Average Salary in South Africa Climbs—Find Out the New Figures!

The average salary in South Africa experienced a notable increase during the third quarter (Q3) of 2024, rising from R27 511 in May 2024 to ...

South Africa’s Betting Industry

25 December 2024

You Won’t Believe How Much South Africa’s Betting Industry is Worth in 2024!

The South African betting industry is experiencing unprecedented growth in 2024, with staggering figures highlighting its rapid expansion. The National Gambling Board (NGB), responsible for ...

Steps to Avoid Januworry

12 January 2025

Holiday Cheer Without Fear: 10 Steps to Avoid Januworry

As the festive season unfolds and the New Year approaches, individuals are reminded to plan ahead for impending expenses. The arrival of January often brings ...

The Best Banks in South Africa

15 December 2024

The Best Banks in South Africa: What the Survey Says

The South African Banking Sentiment Index, produced by DataEQ, has unveiled an in-depth comparison of how major banks in South Africa are perceived by the ...

Avoid Costly Spending Mistakes

21 February 2025

Protect Your Wallet This Festive Season: Avoid Costly Spending Mistakes

The holiday season is rapidly approaching, and many individuals find themselves making poor financial choices, often spending money on items that are not truly necessary. ...

Economic Downturn

9 December 2024

Economic Downturn: SA Faces Third Quarter Decline

The South African economy experienced an unforeseen contraction of 0.3% when measured from the second quarter to the third quarter of the current year. Key ...

The Black Friday Rush

9 December 2024

The Black Friday Rush: Where South Africans Spent Their Money

Discovery Bank’s 2024 SpendTrend analysis revealed that e-commerce platforms gained greater popularity compared to physical stores during the Black Friday shopping frenzy. The findings underscored ...

Standard Bank

9 December 2024

Standard Bank Outage Leaves Customers Stunned by Zero Balances

Many customers of Standard Bank expressed frustration on Monday morning due to technical issues with the bank’s app, which led to some users seeing their ...

SASSA Childcare Grants

26 December 2024

SASSA Childcare Grants December 2024: All the Latest Changes

For December 2024, the administration of all three childcare grants falls under the jurisdiction of the South African Social Security Agency. Each month, billions of ...

South African Industries

12 January 2025

Want to Maximize Your Paycheck? These South African Industries are Leading the Way

Electrical engineers have been highlighted in recent research as some of the professionals seeing notable increases in their salary packages. Compensation for professionals in logistics ...

Save on Your Home Loan

26 January 2025

Save Nearly R500,000 on Your Home Loan with the New Interest Rate—Here’s How!

Homeowners could potentially save over R480,000 in interest repayments on a R1.4 million property loan simply by contributing an additional R1,000 to their monthly instalments ...

South Africa Startups

10 February 2025

South Africa’s Startup Scene Attracts Growing Investor Interest

The country is brimming with innovative business concepts, yet it remains crucial to cultivate a more robust support framework for these entrepreneurial ventures, as emphasized ...

Fuel price hike

3 December 2024

Bad News on Fuel Prices Expected to Hit Next Week

South African motorists are bracing for disappointing news as early projections for December 2024 fuel prices suggest increases across the board. Diesel costs are expected ...

SA Reserve Bank Cuts Interest Rates by 0.25%

17 February 2025

SA Reserve Bank Cuts Interest Rates by 0.25%

South Africans have been granted some relief as the Reserve Bank cuts interest rates by 0.25%, offering a small break from years of financial strain ...

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