Latest News 6/15

Audit fails to clarify South Africa’s R155 billion real estate portfolio

Staff Writer

Aug 292 min read

Audit fails to clarify South Africa’s R155 billion real estate portfolio

South Africa’s government, the largest real estate owner in the country, lacks an accurate record of its property portfolio.

Pick n Pay launches PnP GO, providing a glimpse into its retail future

Staff Writer

Aug 282 min read

Pick n Pay launches PnP GO, providing a glimpse into its retail future

Pick n Pay has opened its first convenience shopping concept store, PnP GO.

Pick n Pay shuts 16 supermarkets with wider losses on the way

Staff Writer

Aug 282 min read

Pick n Pay shuts 16 supermarkets with wider losses on the way

Pick n Pay said in a trading update, that like-for-like sales lagged due to the closure of net 16 supermarkets.

South Africa aims to improve housing access with mortgage law reforms

Staff Writer

Aug 283 min read

South Africa aims to improve housing access with mortgage law reforms

South Africa is planning to require banks to provide more detailed information about their mortgage-lending practices.

Will South Africa's two-pot retirement system follow the same trend as Australia?

Staff Writer

Aug 264 min read

Will South Africa's two-pot retirement system follow the same trend as Australia?

South Africans are showing less interest in withdrawing from their retirement savings through the new two-pot retirement system.

Ramaphosa turns focus to South Africa's municipalities

Staff Writer

Aug 262 min read

Ramaphosa turns focus to South Africa's municipalities

Efficient and strong municipalities are key to ensuring that South Africa’s economy grows, and jobs are created.

A look at Eskom's electric vehicle charging infrastructure pilot project

Staff Writer

Aug 232 min read

A look at Eskom's electric vehicle charging infrastructure pilot project

Eskom has officially launched its electric vehicle (EV) charging infrastructure.

Cape Town infrastructure budget 80% bigger than Johannesburg

Staff Writer

Aug 232 min read

Cape Town infrastructure budget 80% bigger than Johannesburg

The City of Cape Town has set a South African record for the largest single-year infrastructure investment.

South Africans earning over R1 million annually turn to offshore investments

Staff Writer

Aug 222 min read

South Africans earning over R1 million annually turn to offshore investments

Standard Bank is targeting clients with monthly incomes exceeding R360,000 per annum to offer tailored financial guidance.

Staff Writer

Aug 222 min read

Take-home pay in South Africa right now

The average nominal take-home pay reached R16 358 in July, increasing by 5.9% on a year-on-year basis.

Woolworths talks up dark stores and sunshine

Staff Writer

Aug 213 min read

Woolworths talks up dark stores and sunshine

Retailer Woolworths has confirmed a further investment of over R17.5 million in renewable energy projects.

Absa points to improving home loan environment

Staff Writer

Aug 192 min read

Absa points to improving home loan environment

Absa Group has released its interim financial results for the six months ended 30 June 2024.

Absa chief executive steps down as earnings stall

Staff Writer

Aug 193 min read

Absa chief executive steps down as earnings stall

Arrie Rautenbach, Absa Group CEO, will take early retirement from the company, effective on April 15, 2025.

South Africa’s residential areas targeted by property hijackers

Staff Writer

Aug 191 min read

South Africa’s residential areas targeted by property hijackers

Property hijacking has surged in South Africa over the past decade, with criminals now targeting residential neighbourhoods. Previously...

Millennial financial behaviour driving change in SA property market

Staff Writer

Aug 192 min read

Millennial financial behaviour driving change in SA property market

The South African housing market is undergoing a significant transformation driven by millennial behaviour.

Economists expect cut in South Africa interest rates next month

Staff Writer

Aug 162 min read

Economists expect cut in South Africa interest rates next month

The SARB is expected to reduce interest rates for the first time in over two years, by 25 basis points next month.

Diesel, petrol price cuts expected for September in South Africa

Staff Writer

Aug 152 min read

Diesel, petrol price cuts expected for September in South Africa

South African motorists could see another significant reduction in petrol and diesel prices come September.

Standard Bank grows client base, delivers interim dividend

Staff Writer

Aug 153 min read

Standard Bank grows client base, delivers interim dividend

Standard Bank Group has reported a robust financial performance for the first half of 2024 (1H24), with headline earnings reaching R22...

Meet South Africa's boom city, thriving despite economic woes

Staff Writer

Aug 143 min read

Meet South Africa's boom city, thriving despite economic woes

In 2023, the Cape Town CBD experienced a significant turnaround, bouncing back from prolonged economic pressures.

South African consumers short of cash before month end

Staff Writer

Aug 142 min read

South African consumers short of cash before month end

The cost-of-living crisis is heavily impacting employees’ financial stability, causing an increase in the need for mid-month liquidity.

Property prices in coastal towns buck national trends

South Africans draw on retirement savings to manage rising festive costs

Report highlights changing trends in billionaire wealth

Retiring in South Africa: here's how much you will need

Top university highlights South Africa’s racial wealth gap

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