News

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

Upcoming Banks Entering South Africa

25 March 2025

Four Upcoming Banks Entering the South African Market

South Africa’s well-established and highly regarded banking sector is set to experience increased competition as several new banks prepare to enter the market. These new ...

Remote Workers

24 March 2025

Important Notice for South African Remote Workers

The South African workplace landscape is undergoing a transformation as many employers move away from remote work arrangements and require employees to return to the ...

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Tough Times for Renters

24 March 2025

Tough Times Ahead for South African Renters

The cost of renting a home in South Africa has reached unprecedented levels, creating financial strain for tenants across the country. With rents rising faster ...

Scammers Stealing Your Savings

24 March 2025

Scammers Are Using This New Tactic to Steal Your Savings

A new security report has revealed a surge in cybercriminal activity targeting smartphones to gain unauthorised access to banking accounts and financial credentials. Criminals are ...

South Africa’s 2025 Budget

23 March 2025

A Closer Look at South Africa’s 2025 Budget

Finance Minister Enoch Godongwana delivered the much-anticipated 2025 National Budget Speech on Wednesday, 12 March. The budget outlined key aspects of South Africa’s current economic ...

Taxpayer's benefits

23 March 2025

South African Taxpayers to Benefit from Positive Changes

Finance Minister Enoch Godongwana tabled the revised 2025 Budget on Wednesday, 12 March, presenting a more favourable outcome for South African taxpayers than the initial ...

Financial Strain on South African Homeowners with Bonds

23 March 2025

Financial Strain on South African Homeowners with Bonds

Despite the easing of inflation and reductions in interest rates, many South African homeowners with bonded properties remain under significant financial pressure. This is reflected ...

Risks of Earning More Than R400 000

22 March 2025

The Financial Risks of Earning More Than R400 000 in South Africa

A recent analysis has revealed that while South Africans earning more than R420 000 annually enjoy a more stable income, they are burdened with substantial ...

Solar Installer

17 March 2025

Experts Warn That Picking the Wrong Solar Installer Could Cost You

As South Africans face ongoing load shedding and escalating electricity costs, many households are turning to solar energy as a more reliable and sustainable alternative. ...

Uncertainty Over April 2025 SASSA Child Support Grants

22 March 2025

Uncertainty Over April 2025 SASSA Child Support Grants

More than 13 million South African beneficiaries who rely on the SASSA Child Support Grant remain in limbo as uncertainty surrounds the April 2025 payments. ...

Petrol and Diesel Price Update

16 March 2025

April 2025 Petrol and Diesel Price Update Brings Great News

Early indicators suggest that South African motorists could see a welcome reduction in petrol and diesel prices next month. The latest projections indicate a significant ...

Take-Home Pay in South Africa

22 March 2025

Take-Home Pay in South Africa Recovers Significantly in 2025

South Africa’s take-home pay has shown significant growth at the beginning of 2025, with approximately four million salary earners benefiting from an upward trend. BankservAfrica’s ...

Climate Change Puts South African Retirement Savings at Risk

15 March 2025

How Climate Change Puts South African Retirement Savings at Risk

As global warming continues to accelerate at an alarming rate, the impact on economies and financial markets is becoming increasingly apparent. Extreme weather events, such ...

Overdraft Data to Be Reported to Credit Bureaus

9 March 2025

Overdraft Data to Be Reported to Credit Bureaus from March 2025

Effective 1 March 2025, credit providers offering overdraft facilities are now obligated to submit consumer overdraft data to credit bureaus, a move designed to enhance ...

SASSA Pension Grant

17 March 2025

SASSA Pension Grant Raised! Find Out the New Payment Amounts

With the upcoming increase in South African Social Security Agency (Sassa) old-age grants set to take effect in April 2024, many pensioners may be wondering ...

Solar Rule Changes by Eskom

17 March 2025

Major Solar Rule Changes by Eskom – What Homeowners Must Know

As South Africa continues to navigate its energy crisis, an increasing number of households and businesses have turned to solar power to mitigate the impact ...

South Africans on a R20 000 Income

24 March 2025

R20 000 Monthly Income? Important Warning for South Africans!

A recent warning from Standard Bank highlights the deepening financial crisis among South Africa’s working-class population, who remain burdened by debt and unable to transition ...

VAT Increase

18 March 2025

Potential VAT Increase Could Deepen South Africans’ Financial Struggles

The unexpected delay of Finance Minister Enoch Godongwana’s Budget Speech last week sent shockwaves throughout South Africa. The postponement fuelled widespread speculation, particularly after reports ...

South Africa’s Unemployment Rate Drops

9 March 2025

South Africa’s Unemployment Rate Drops to Lowest in Over a Year as Key Sectors Strengthen

South Africa’s unemployment rate showed a slight decline in the final quarter of 2024, reflecting a modest increase in employment within key sectors such as ...

Reduced Inflation Target in 2026

2 March 2025

Poll Suggests South Africa Will Reduce Inflation Target in 2026

South Africa is expected to hold off on revising its inflation target until at least 2026, prioritising urgent economic challenges such as slow growth and ...

Stage 6 Load Shedding

9 March 2025

Stage 6 Load Shedding Leave South Africans in the Dark

South Africa has once again been plunged into severe power cuts as Eskom escalated load shedding to Stage 6 in the early hours of Sunday, ...

Faster payments

25 March 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

1 March 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 ...

Banking Apps Security Risks

28 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

28 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

24 March 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

16 March 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

2 March 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

23 March 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

16 March 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 ...

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