Financial Pressure Driving More South Africans into Debt
Financial Pressure Driving More South Africans into Debt For many South Africans, debt has quietly shifted from being a financial tool to becoming a means of simply staying afloat from month to month. “The greatest financial risk facing many South Africans is not that they have debt. It is that they are using debt to […]
Interest Rate Unchanged: Relied for Now, But Inflation Risk Remains
Interest Rate Unchanged: Relief for Now, but Inflation Risk Remains The South African Reserve Bank’s decision to keep interest rates unchanged provides temporary relief for households and businesses, but it does not mean that the fight against inflation is over. South African Reserve Bank Governor Lesetja Kganyago announced on Thursday afternoon that the repo rate […]
Financial Pressure Making Saving More Difficult, but Not Impossible
Financial Pressure Making Saving More Difficult, but Not Impossible July is recognised as National Savings Month, but for many South Africans, the idea of putting money aside for the future increasingly feels like a luxury rather than a realistic financial goal. According to Thys van Zyl, Chief Executive Officer of Everest Advisory Services (Pty) Ltd […]
The Real Test for Two-Pot Retirement System
The Real Test for Two-Pot Retirement System The two-pot retirement system is not, in itself, the greatest threat to South Africans’ retirement security. The real risk arises when people begin to view their retirement savings as an ordinary savings account rather than a long-term investment intended to provide income during retirement. According to Thys van […]
Auto-assessments and Two-pot Withdrawals: Watch Out for the Tax Implications
Auto-assessments and Two-pot Withdrawals: Watch Out for Tax Implications Taxpayers who receive auto-assessments over the next two weeks should review them very carefully. This is particularly important for individuals who have made withdrawals under the two-pot retirement system, as well as those who earn freelance or additional income. According to Thys van Zyl, Chief Executive […]
Markets Steady but Fragile as Resources Drag and Crypto Sell Off; CANAL+ Debut, Rail Reform and Woolworths Incidents Shape SA Business Week
Markets Steady but Fragile as Resources Drag and Crypto Sell Off; CANAL+ Debut, Rail Reform and Woolworths Incidents Shape SA Business Week South African markets moved through the week in a narrow and uneasy range, with equities repeatedly struggling to establish direction as global risk sentiment softened and commodity-linked shares came under pressure. Financial stocks […]
JSE Drifts Lower as Middle East Tensions, Oil Shocks, and Rate Fears Reshape Market Mood While Pick ‘n Pay Advances Turna
JSE Drifts Lower as Middle East Tensions, Oil Shocks, and Rate Fears Reshape Market Mood While Pick’n Pay Advances Turnaround South African markets began the week with a brief lift, supported by recent gains and lingering optimism around a firmer domestic macro backdrop. That momentum, however, proved short-lived. As the days unfolded, sentiment shifted decisively […]
Phala Phala Pressure, Labour Strain and Mining Strength Define Uneven Week for SA Economy and JSE
Phala Phala Pressure, Labour Strain and Mining Strength Define Uneven Week for SA Economy and JSE South Africa’s political and economic environment delivered a sharply uneven picture over the past week, with renewed political pressure on President Cyril Ramaphosa unfolding alongside a fragile but resource-supported performance on the Johannesburg Stock Exchange (JSE). While mining stocks […]
JSE Flat as SARS Warns Over War Risks, AngloGold Backs Political Donations, and Woolworths Faces Fall
JSE Flat as SARS Warns Over War Risks, AngloGold Backs Political Donations and Woolworths Faces Fallout Bver Beyers Collapse South African markets ended Thursday in a subdued mood as investors balanced strong gains in gold shares against growing concerns over the country’s economic outlook, rising geopolitical tensions and a series of corporate controversies that dominated […]
South Africa Faces Weather Chaos, Policy Debates, and Consumer Tech Disruptions
South Africa Faces Weather Chaos, Policy Debates, and Consumer Tech Disruptions South African markets closed Wednesday on a broadly positive note, with resource-heavy stocks driving gains on the Johannesburg Stock Exchange (JSE), even as global uncertainty, currency volatility, and sector-specific weaknesses pointed to a mixed economic picture. The stronger market performance came amid severe weather […]