The Minister of Finance has today announced the appointment of Mr Olano Makhubela as the new acting Commissioner of the Financial Sector Conduct Authority.
Consumers shied away from cash and gravitated towards digital payment solutions during the national lockdown, according to statistics from Standard Bank’s Card Division.
The recent Medium-Term Budget Policy Statement (MTBPS) (or should we say fiscal scenario sketch?) has attracted a lot of interest for the alarming note it struck. Some commentators welcomed the frankness of its assessment of the state of South…
While August was a generally good month for South Africa, characterised by a firming rand and an unexpectedly strong second quarter GDP report, the tide turned quite dramatically in September as concerns over the economy, labour market, the…
After having been the poster child of sound fiscal practice for years, SA’s government finances have experienced a precipitous decline since 2009 into an abyss it will take many years from which to escape.
Johannesburg - South Africa may be suffering currently, but glimmers of hope are starting to emerge that undermine the more negative perceptions plaguing the SA economy. This was according to,Johann Els,Senior Economist for Old Mutual Investment…
Global equity markets ended the year on a weaker note as oil prices continued their slide and the US dollar (USD) continued to strengthen on a broad basis. Oil prices fell a further 21% in December, bringing the decline for the whole of 2014…
Cape Town - One is increasingly hearing the comment that South Africa is teetering on the edge of a fiscal abyss. The question is whether or not this Is this a realistic perception of the state of the government's financial position.
It would be virtually impossible for the South African economy to be buoyant if faced by a long period of low economic growth. Jac Laubscher, Group Economist, explains this phenomenon and its potential impact.
Johannesburg - The South African Reserve bank, under new governor Lesetja Kganyago, today announced that despite a pressurised economic outlook, interest rates will remain unchanged for this quarter, which means that the prime lending rate remains…
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