Latest News 8/15

Massive new development for fastest growing wealth market in SA

Staff Writer

Jul 262 min read

Massive new development for fastest growing wealth market in SA

Oasis Sibaya represents a premier investment opportunity in one of South Africa's most desirable coastal precincts.

The GNU impact on semigration in South Africa

Staff Writer

Jul 262 min read

The GNU impact on semigration in South Africa

South African residential property as a whole is offering incredible value.

Side hustles: More South Africans juggle multiple income streams

Staff Writer

Jul 252 min read

Side hustles: More South Africans juggle multiple income streams

Despite ongoing economic challenges, South Africans are demonstrating remarkable financial resilience and adaptability, driven by...

South Africa's middle class have most debt repayment pressure: report

Staff Writer

Jul 252 min read

South Africa's middle class have most debt repayment pressure: report

South Africa's middle class is facing a financial crisis, burdened by over indebtedness amid the highest interest rates in 15 years.

Staff Writer

Jul 242 min read

Take-home pay in SA outpaces inflation

The average nominal take-home pay slipped in June, according to the BankservAfrica Take-home Pay Index.

South Africa consumer inflation slows in June

Staff Writer

Jul 242 min read

South Africa consumer inflation slows in June

The annual Consumer Price Index change was 5.1%, down slightly from 5.2% in May, new data from StatsSA shows.

Under pressure apartment developer Balwin plots 6 new lifestyle estates

Staff Writer

Jul 242 min read

Under pressure apartment developer Balwin plots 6 new lifestyle estates

Balwin is set to significantly expand its rental portfolio with plans to develop up to 7,300 rental apartments over the next 8 to 10 years.

Estate agents 'wilfully' obstructing SA's grey list exit, says FIC

Staff Writer

Jul 243 min read

Estate agents 'wilfully' obstructing SA's grey list exit, says FIC

has accused estate agents of "wilful non-compliance" for failing to submit required risk reports.

High Street Auctions to offer prime mixed-use sites in Umhlanga Ridge

Staff Writer

Jul 232 min read

High Street Auctions to offer prime mixed-use sites in Umhlanga Ridge

Prime land parcels in the vibrant Umhlanga Ridge New Town Centre will be auctioned next week.

New owners for R380m Neighbourhood Square shopping centre

Staff Writer

Jul 222 min read

New owners for R380m Neighbourhood Square shopping centre

The Neighbourhood Square in Linksfield, has transferred into the hands of its new owners.

Ramaphosa signs Pension Funds Amendment Bill into law

Staff Writer

Jul 222 min read

Ramaphosa signs Pension Funds Amendment Bill into law

President Cyril Ramaphosa has approved the Pension Funds Amendment Bill.

Growing number of SA homeowners falling behind on payments

Staff Writer

Jul 192 min read

Growing number of SA homeowners falling behind on payments

The South African property market and national economy have been significantly impacted by the Reserve Bank's decision to maintain the...

Ramaphosa says changes coming for fuel and food prices in South Africa

Staff Writer

Jul 193 min read

Ramaphosa says changes coming for fuel and food prices in South Africa

President Ramaphosa says the GNU is committed to addressing the rising cost of living for South Africans.

Rate relief on horizon as inflation eases, says Pam Golding

Staff Writer

Jul 183 min read

Rate relief on horizon as inflation eases, says Pam Golding

The Reserve Bank's monetary policy committee has maintained the repo rate at 8.25%. Four members preferred an unchanged stance, and two...

Reserve Bank decides to keep repo rate unchanged at 8.25%

Staff Writer

Jul 182 min read

Reserve Bank decides to keep repo rate unchanged at 8.25%

Four members preferred an unchanged stance, and two preferred a reduction of 25 basis points.

IMF projects 0.9% GDP growth for South Africa in 2024, keeps 2025 forecast at 1.2%

Staff Writer

Jul 182 min read

IMF projects 0.9% GDP growth for South Africa in 2024, keeps 2025 forecast at 1.2%

The International Monetary Fund (IMF) has maintained South Africa’s 2024 growth forecast below 1%.

Savings proving difficult for middle-class and affluent South Africans

Staff Writer

Jul 171 min read

Savings proving difficult for middle-class and affluent South Africans

Standard Bank reveals that saving even one month’s salary is becoming increasingly difficult.

SARS auto-assessments yield R10bn in refunds to 1.6 million taxpayers

Staff Writer

Jul 162 min read

SARS auto-assessments yield R10bn in refunds to 1.6 million taxpayers

SARS has officially commenced the Individual Tax Filing Season 2024.

The impact of high interest rates on household debt costs in SA

Staff Writer

Jul 163 min read

The impact of high interest rates on household debt costs in SA

The latest Altron FinTech Household Resilience Index (AFHRI) highlights the continued financial pressure on South African households.

Economists say no interest rate surprises from SARB

Staff Writer

Jul 162 min read

Economists say no interest rate surprises from SARB

The SARB is expected to keep the repo rate unchanged at 8.25% this week

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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