New data from the Old Mutual have learned a hard lesson over the last two years, and are being more cautious with their spending.
The South African Reserve Bank’s Monetary Policy Committee (MPC) has voted to hike interest rates by 75 basis points, taking the repo rate to 5.50% per annum.
The latest data from the Old Mutual Savings and Investment Monitor survey (OMSIM) shows that more South African households are choosing to do without a domestic worker to save money each month.
The rate of consumers who defaulted on their loans for the first time increased in the first quarter of 2022, new data from Experian South Africa’s Consumer Default Index (CDI) shows.
The Reserve Bank is widely expected to hike rates by at least 50bp today; Ramaphosa calls for more to be done to push transformation in South Africa; the ANC is again unable to pay its staff; and the World Health…
South Africa’s real interest rate is at the lowest level in almost a quarter century, adding to the case for continued aggressive monetary-policy tightening by the central bank on Thursday.
Statistics South Africa has published its latest consumer price index, showing that annual consumer price inflation has broken through the upper limit of the Reserve Bank's target range for the second consecutive month.
South Africans say high levels of financial stress is negatively impacting their health, and they are increasingly worried about not being able to pay all of their expenses at the end of the month.
As food and fuel increases continue to bite, workers and labour unions are asking for wage hikes well above inflation to keep up with the cost of living.
South African taxpayers should ensure that all of their affairs are in order before accepting their auto-assessment from SARS this tax season, says specialist immigration firm Sable International.
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