News

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

Weak Rand in Investors' Favour

16 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 wheth...

SARB’s Interest Rate Announcement

16 January 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 Africa...

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SARB Interest Rate Announcement

14 January 2025

SARB Interest Rate Announcement: Date and Details for This Month’s Meeting

The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) convenes every two months to evaluate and announce potential adjustments to ...

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!...

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 consum...

Africa’s 10 Most Expensive Cities to Live In

12 January 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 healthca...

South African Flag

12 January 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...

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 sc...

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 predominantl...

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, outl...

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 abolis...

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-...

Interest Rate Cuts

26 December 2024

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 inflati...

South Africans relying on credit

22 December 2024

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 mos...

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 Nationa...

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...

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...

Avoid Costly Spending Mistakes

5 January 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 ...

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...

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 ...

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 ...

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 mon...

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. Compensa...

Save on Your Home Loan

8 December 2024

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 ...

South Africa Startups

12 January 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 entrepreneuri...

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. Dies...

SA Reserve Bank Cuts Interest Rates by 0.25%

26 December 2024

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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