South Africans are forking out more money to service big loans that continue to put them in debt.
Nedbank economists expect July inflation numbers to hit higher at 7.7% next week - but the bank believes this will likely be the peak, with prices more subdued thereafter.
Minister of Finance Enoch Godongwana has published an explanatory note on the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill, which he aims to introduce to the National Assembly in the third quarter of 2022.
The BankservAfrica Economic Transactions Index (BETI) declined for the second consecutive month in July 2022, signaling further strain in the broader South African economy.
DebtBusters says that the combined pressures of increasing interest rates, rising inflation, and a diminished ability to borrow have led more consumers to pro-actively seek help.
For the first time in four decades, investors in the US and other rich economies are looking for a portfolio strategy that can win against elevated inflation and recession both at the same time.
The rand has benefitted from dollar weakness in recent sessions as slower-than-expected US inflation data eased pressure on the Federal Reserve to aggressively raise interest rates.
New data from the Bureau of Market Research (BMR) reveals that the personal income divide between South Africans is continuing to grow, with no sign of improvement.
A new report from Momentum reveals insight into the biggest financial risks facing South African consumers right now.
Reforms to South Africa's retirement laws could spell a major shake-up in how people access their pension funds if they are not aware of the proposed changes.
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