guided by experience

Poor Municipal Governance Comes at a High Cost for South Africans The Auditor-General’s latest consolidated audit report on South Africa’s municipalities should not be viewed merely as an administrative report. It is an economic warning that highlights the direct link between poor local governance, sluggish economic growth and the financial pressure facing households and businesses. The report reveals that only

Youth Day: The Lesson Every Young Person Should Learn Financial literacy is one of the most important basic life skills, yet many school leavers enter the workforce without the knowledge required to manage their finances effectively. According to Thys van Zyl, Chief Executive Officer of Everest Advisory Services (Pty) Ltd (FSP 49495, CAT I), Youth Day presents an ideal opportunity

GDP Data, Fitch Upgrade: Growth Remains Biggest Challenge The latest GDP data and credit rating upgrade from Fitch Ratings provide welcome confirmation that the economy is gradually moving in the right direction. However, economic growth remains the biggest obstacle to job creation and stronger investor confidence. South Africa’s gross domestic product (GDP) grew 0.5% quarter-on-quarter in the first three months

Interest Rate Hike Places Further Pressure on Households The South African Reserve Bank’s decision to hike interest rates highlights the growing inflation risks currently building both globally and locally, with South African households now facing even greater financial pressure. Reserve Bank governor Lesetja Kganyago announced on Thursday afternoon that the interest rate has been increased by 25 basis points to

WORKERS’ DAY INTERVIEW WITH THYS VAN ZYL ON eNCA Is Workers’ Day still a celebration, or a stark reminder of lost economic opportunity? Thys van Zyl recently joined eNCA to discuss the health of South Africa’s economy. With general unemployment over 40% and youth unemployment exceeding 50%, he highlighted that a system in decline cannot be celebrated. To reverse this

Everest to Launch R20 Billion Capital Markets Programme as Demand for Private Credit Investments Accelerates in South Africa Everest has announced the establishment of a R20 billion Domestic Medium-Term Note (DMTN) Programme listed on the Cape Town Stock Exchange (CTSE), positioning the firm as an emerging participant in South Africa’s expanding private and structured credit investment market. Read more at Business