South Africans spend most of their ‘fun money’ on one thing
Gambling accounts for nearly 55% of household spending on recreation, sport and culture in South Africa as the country’s appetite for gambling is booming.
Finance
Money flooding into South Africa
Foreign investors are snapping up South African bonds as they search out higher real yields
Read MoreSARS warning for South Africans who want to leave the country
SARS’ new non-tax residency process is stricter, more document-heavy and demands precision, as even small errors can delay applications, trigger audits, and leave expats exposed to double taxation and penalties.
Read MoreBest news for South Africa’s interest rates in over a decade
South Africa’s longer-term inflation outlook has dropped to the lowest rate on record, which spells good news for future interest rate cuts in the country.
Read MoreSouth Africans buying used cars face a serious risk
Nedbank warned that written-off cars are infiltrating South Africa’s used car market, putting unknowing buyers at risk.
Read MoreOne mistake that could cost South Africans over R1 million
With billions of retirement savings withdrawn just one year after the launch of the two-pot system, experts warn that taking out savings early could cost individuals over R1 million by the time they retire.
Read MoreOne thing working well in South Africa
South Africa’s capital markets remain among the best-run in the world, with their highly liquid and well-regulated nature attracting local and foreign investors.
Read MoreReserve Bank wants to make big changes to how gift cards work in South Africa
The Reserve Bank aims to regulate gift cards, allowing them to be issued and used only at a single merchant and making them non-transferable.
Read MoreBig GDP surprise for South Africa
Stats SA has published the latest GDP data for the second quarter of the year, showing 0.8% growth quarter-on-quarter (qoq), beating economist expectations by 0.3 percentage points.
Read MoreBig plans for well-known South African bank being sold for R1.1 billion
Bank Zero is set to be purchased by Lesaka Technologies in a deal worth R1.1 billion, with Lesaka looking to cross-sell banking services to its existing customer base.
Read MoreCash still in huge demand in South Africa
While there is a concerted effort to make South Africa less reliant on cash, the latest PayInc Economic Index (PEI) shows that demand for coins and notes has increased 4.4% from last month.
Read MoreBad news for South Africans paying off their homes and cars
Absa’s senior economist has warned that any meaningful interest rate cuts are unlikely before 2027.
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