On Friday (21 January), the World Bank approved an R11.3 billion ($750 million) development policy loan for South Africa, with questions now being raised about how the additional money could be used.
Despite a slight improvement in finances experienced at the end of 2021, South African consumers are still in an austere mindset and plan to cut discretionary spending over the next few months to shield themselves from the ongoing pressures of…
President Cyril Ramaphosa has approved several tax changes for South Africa.
Rising living costs, primarily due to higher transportation and utility prices, will be a major consideration for the middle-market in 2022.
South Africans are likely to hear a wide range of forecasts about the rand this year, from R14/dollar to as high as R17/dollar.
Overall, the cost of living in South Africa is going up and the South African Reserve Bank (SARB) will be required to respond by raising rates, say analysts at financial services firm Alexander Forbes.
South African consumers face little reprieve in the coming months as both fuel and food prices look to creep higher, says Investec chief economist Annabel Bishop.
Statistics South Africa has published its latest consumer price index, showing that annual headline inflation jumped to 5.9% in December 2021, up from 5.5% in November 2021.
On 14 December 2021, the National Treasury released two papers on proposed further retirement reforms for public comment which detail how it plans to transform the retirement savings industry and improve savings outcomes for all South African workers.
The South African Revenue Service (SARS) has launched a new recruitment drive, targeting highly skilled workers to help build a data-driven ‘smart tax authority’.
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