Economic conditions have broadly normalised with almost all lockdown restrictions lifted and this will support the modest recovery in employment and income growth during the year, says Nedbank.
Absa Group, South Africa’s third-biggest bank, announced sweeping changes to its executive committee after facing criticism over the lack of diversity within its management structure.
Take-home pay in South Africa fell by 6.7% in May 2022, new data from BankservAfrica shows.
Despite the lifting of almost all Covid restrictions and improved business sentiment, the FNB/BER Consumer Confidence Index (CCI) plunged to -25 in the second quarter of 2022, having already slipped from -9 to -13 index points during the first quarter…
The South African Reserve Bank is working on a new Rapid Payments Programme (RPP) which is set to significantly shake-up payments in South Africa.
BusinessTech compares the available credit card accounts from some of South Africa's biggest banks.
South Africa's higher-than-expected inflation data in June points to a further interest rate hike in July, but there is still some uncertainty about how much the central bank will hike by.
After this week’s CPI figures surprised towards the upside, Nedbank now forecasts that South Africa’s inflation is forecast to increase to over 7% in June. In a research note on Wednesday (22 June), the bank noted that petrol prices rose by...
South Africa's latest state capture report recommends the introduction of new banking laws - including regulations around when accounts may be closed.
Investec has published its updated economic scenarios for South Africa.