Data from FNB shows that consumer spend on audio and video streaming services such as Netflix, Amazon Prime, Spotify and YouTube has increased by roughly 70% from the period before Covid-19 to June 2022.
Immigration experts said that more South Africans are considering leaving the country because of load shedding and a rapidly increasing cost of living.
New property data shows that South Africa's office and retail property markets continue to lag.
While home buying activity is expected to soften in the coming months, the housing market is set to benefit from banks jostling for good customers, says FNB.
The younger you are when you start investing, the longer you have to invest and ride out the volatility in the market.
For many young people, the idea of saving for retirement seems like something that needs to be done only when one is much older, more settled, or has paid off debts.
The petrol price increase that kicked in from today (6 July) is likely to have an impact on the country's property market, says John Loos, property sector strategist at FNB Commercial Property Finance
As more countries remove travel restrictions to reopen the global economy, FNB says increased international travel by South Africans is contributing to growing balances and spend on its Global Accounts.
With South Africa's petrol price set to reach record levels in July, inflation is expected to surpass the 7% range, says Himal Parbhoo, chief executive of FNB Retail Cash Investments.
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