South Africa's rand is expected to be beaten around by global markets in the coming months, as inflationary and interest rate pressure from central banks in the US and the European Union continue to dominate global market movements.
Hiring for IT positions in South Africa's banking industry showed strong growth in August, new data shows.
As the South African government scrambles to make the necessary regulatory changes to keep the country off the global 'grey list' of countries at high risk for money laundering and terrorism financing, analysts and economic experts say that it may…
South Africa's rand has come under pressure in 2022, with economists at Nedbank projecting a further difficult trading period over the next 12 to 18 months.
Retail giant Shoprite has transformed its Money Market account into a fully transactional bank account - a first for a retailer in South Africa.
Consumers are in for a reprieve in the coming months in South Africa as economic indicators point to food price inflation stabilising, while end-month data from the Central Energy Fund shows a likely petrol price cut for September.
Economists at Nedbank and Alexander Forbes say that the surprising - albeit slight - improvement in South Africa's employment numbers belie a more sober reality in the country.
Search giant Google has launched Google Wallet in South Africa on Tuesday (23 August), enabling users to save and access payment cards, loyalty cards and boarding passes, with support for additional items being added over time.
The rand threatened a sustained break above R17 against the dollar on Monday as it continues to take its cue from global factors.
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.
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