News

BER Report Reveals South Africa’s Economic Growth Stagnation

BER Report Reveals South Africa’s Economic Growth Stagnation

Economic Decline Over Three Decades: The article highlights the Bureau for Economic Research's (BER) assessment of South Africa's economic performance…

2024-04-26

Rand Faces Potential Depreciation to R21.40 Against Dollar

Investec's Warning: Investec, a leading financial institution, issues a cautionary forecast regarding the South African rand's potential depreciation against the…

2024-04-26

Eskom’s Load-Shedding Woes Linger Despite Recent Relief

Despite a recent stretch of over 28 days without load-shedding, South Africa's Electricity Minister warns that the nation's reliance on…

2024-04-26

Capitec CEO’s Whopping R65 Million Payday Raises Eyebrows

Financial Performance: Capitec Bank reports strong growth in headline earnings and net interest income despite challenges in managing credit risk,…

2024-04-26

Capitec CEO Unfazed by Old Mutual’s New Bank Launch

Capitec's Confidence: Despite Old Mutual's entry into the banking sector, Capitec's CEO, Gerrie Fourie, remains confident in the bank's competitive…

2024-04-26

MTN MoMo to Revolutionize Payments with PayShap Partnership

Partnership for Progress: MTN SA collaborates with Investec to introduce PayShap, a real-time payment service, to its MoMo platform, marking…

2024-04-26

South African Salary Hikes Expected to Beat Inflation in 2024

Salary Growth Outpaces Inflation: In 2024, South African workers can expect an average salary increase of 6.9%, outstripping the projected…

2024-04-26

South African Social Grants Fail to Match Soaring Food Costs

Despite recent increases, South African social grants fall short of covering rising food costs, leaving families struggling. The Pietermaritzburg Economic…

2024-04-26

Taxpayer Millions Fuel Lavish VIP Protection Spending by SAPS

Excessive Spending: The South African Police Service (SAPS) has expended over R42 million in the past six years solely on…

2024-04-26

Reinet Investments S.C.A. Reports Strong NAV Growth for Reinet Fund S.C.A., F.I.S. as of March 31, 2024

Reinet Fund S.C.A., F.I.S., reported a notable increase in NAV to €36.11 per share as of March 31, 2024. Reinet…

2024-04-26