Another harsh reality check for South Africans
A recent report shows that, despite a healthier outlook for salaries, households in South Africa are still turning to credit to make ends meet, and defaults on payments are rising.
Finance
Old Mutual pumping money into these companies
Old Mutual Investment Group’s (OMIG) flagship Investor’s Fund has sold out of the South African financial services sector to invest more heavily in mining companies set to benefit from rising commodity prices.
Read MoreSouth Africa’s hidden retail giant set to soar
While fuel sales are declining, forecourt retailers are expanding their footprint across South Africa, as more consumers opt for convenient shopping options and electric cars gain popularity.
Read MoreSouth Africa set to get R7 billion from BRICS bank to fix its roads
South Africa’s National Roads Agency expects to be able to access a R7 billion ($398 million) loan from the New Development Bank soon and plans to use the money to upgrade key transportation routes.
Read MoreBig changes to Standard Bank’s Shoprite UCount rewards
Standard Bank and Shoprite have expanded their UCount rewards partnership to now include more of the retailer’s brands, including Shoprite and Checkers LiquorShops and Petshop Science.
Read MoreBeef prices climb, affecting overall food costs
After holding steady at 2,8% in April and May, consumer inflation edged higher to 3,0% in June. The month-on-month change in the consumer price index (CPI) was 0,3%.
Read MoreWorld's oldest climate fund targets wildlife bonds for every country in Africa
The world's oldest multilateral climate fund, the Global Environment Facility (GEF), is planning a new wave of wildlife conservation bonds in a bid to help African countries save endangered species and ecosystems.
Read MoreThree South African banks set to boom
Foord Asset Management sees strong potential in Standard Bank, Capitec and FirstRand, with these banking giants set to benefit from the trends currently shaping South Africa’s finance space.
Read MoreAgentic AI empowers banks with smart tools for digital-age advantage
Banking is on the cusp of its biggest transformation yet — one that replaces rigid rules with dynamic intelligence.
Read MoreR10 billion injection for one state-owned bank in South Africa
South Africa’s Land and Agricultural Development Bank has received R10 billion in capital injections over the past five financial years.
Read MoreFNB plans to launch a new private bank
A unit of FirstRand, South Africa’s biggest bank by market capitalisation, plans to set up private banking services in Ghana and bolster its offerings in four other markets to tap the continent’s growing wealthy population.
Read MoreThe South African banking CEO who earned R94,000 a day for 15 years
Over his 15-year tenure as Nedbank Group CEO, banking executive Mike Brown earned just shy of R515 million—averaging out to around R94,000 a day.
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