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Your go-to source for finance updates, covering banking, savings, market news, and smart ways to handle your money.

South Africa’s Economy

13 June 2025

South Africa’s Economy Faces Serious Challenges

Following an already disappointing start to the year with flatlining economic growth in the first quarter, the latest figures released on Tuesday, 10 June, indicate ...

Key Change Announced by SARS Ahead of 2025 Tax Season

12 June 2025

Key Change Announced by SARS Ahead of 2025 Tax Season

The South African Revenue Service (SARS) has officially discontinued the use of printed and posted system-generated letters, marking a permanent shift to fully digital engagement ...

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Smartphone Access for SASSA Grants in 2025

12 June 2025

Concerns Raised About Smartphone Access for SASSA Grants in 2025

The introduction of new smartphone verification protocols for the 2025 Social Relief of Distress (SRD) grant has triggered significant criticism from both opposition political parties ...

Branch Reductions and Closures Hit Major South African Banks

11 June 2025

Branch Reductions and Closures Hit Major South African Banks

The South African retail banking sector continues to reduce its physical footprint across the country, responding to an increasing shift by customers towards digital and ...

SARS warning to taxpayers

10 June 2025

Taxpayers in South Africa Face Steep Fines or Jail for Non-Payment

South African taxpayers have been strongly urged to comply in full with the South African Revenue Service’s (SARS) directives or risk facing harsh consequences. These ...

Rand Holds Below R18 Despite Marginal 0.1% GDP Growth in Q1

6 June 2025

Rand Holds Below R18 Despite Marginal 0.1% GDP Growth in Q1

By midday on Wednesday, the South African rand was holding its ground at approximately R17.83 to the US dollar. It continued to trade within a ...

South Africans Celebrate R2.90 Petrol Price Drop

6 June 2025

South Africans Celebrate R2.90 Petrol Price Drop

Over the past year, motorists in South Africa have experienced ongoing relief at the fuel pumps, as petrol prices have cumulatively dropped by a total ...

Job Loss Threat Looms for 111,000 Women and 70,000 White Men in SA

5 June 2025

Job Loss Threat Looms for 111,000 Women and 70,000 White Men in SA

The Solidarity Research Institute (SRI) has issued a warning that recently introduced legislative changes may result in the loss of employment for an estimated 111,000 ...

June SASSA Child Grants

4 June 2025

June 2025 SASSA Child Grants to be Paid Out This Week

All the essential information concerning the SASSA Children’s grants for June 2025 has now been made available, with payments scheduled to begin on Thursday, 5 ...

New Fuel Levies Kick In While Major State Company Bleeds Funds

3 June 2025

New Fuel Taxes Take Hold as State Company Faces Major Financial Crisis

After a period of relative strength and gains, the South African rand saw a drop in value by the end of trading on Friday. Despite ...

Why Your SASSA Grant Might Not Arrive on Time This June

29 May 2025

Why Your SASSA Grant Might Not Arrive on Time This June

The South African Social Security Agency (SASSA) has confirmed that more than 210,000 grant recipients will experience payment delays in June. This disruption will affect ...

Jobs Slashed in Critical South African Sector

28 May 2025

More Than 440,000 Jobs Slashed in Critical South African Sector

Gold mining was once the foundation of South Africa’s economic growth, powering national development for much of the 20th century. Over the last several decades, ...

Petrol Costs in South Africa

28 May 2025

Double Trouble Ahead for Petrol Costs in South Africa

South African drivers are facing increased financial pressure after the National Treasury announced a hike in fuel taxes this week. This announcement comes at a ...

SASSA Old-Age Grant

27 May 2025

What to Expect from the June 2025 SASSA Old-Age Grant

The payment schedule for the June 2025 SASSA Old-Age Grants has now been confirmed, with disbursements set to begin on Tuesday 6 June 2025. This ...

Taxpayers Exempt from Filing a Return

26 May 2025

Taxpayers Exempt from Filing a Return in 2025

The South African Revenue Service (SARS) has officially published details regarding the upcoming 2025 tax season, including comprehensive guidance on final submission deadlines and the ...

5 Crucial Insights from Budget 3.0

24 May 2025

5 Crucial Insights from Budget 3.0

On Wednesday, 21 May, South Africa’s Finance Minister, Enoch Godongwana, presented the third revision of the 2025 National Budget Speech. This updated address introduced several ...

South African Social Grants Set for Major Update

24 May 2025

South African Social Grants Set for Major Update

Finance Minister Enoch Godongwana has introduced a revised approach to the Social Relief of Distress (SRD) grant, with a renewed focus on aligning the grant ...

Unclaimed South African Benefits

24 May 2025

How to Claim Your Share of R89 Billion in Unclaimed South African Benefits

Although the Financial Sector Conduct Authority (FSCA) has not released an updated figure for the estimated R89 billion in unclaimed financial assets, professionals in the ...

No Double Grants in June

24 May 2025

No Double Grants in June, Says SASSA

The South African Social Security Agency (SASSA) has firmly dismissed widespread claims circulating that grant beneficiaries will receive double payments in June, firmly labelling such ...

Interest Rate Cut Amid Falling Inflation

23 May 2025

South Africa May See Interest Rate Cut Amid Falling Inflation

With the ongoing decrease in the cost of living, many analysts are now predicting that an interest rate reduction could be on the horizon. This ...

Employment Setbacks

24 May 2025

South Africa Faces New Employment Setbacks

South Africa’s upcoming employment figures are expected to reflect unfavourable trends, according to economists who caution that continued economic underperformance and a surge of new ...

Crisis Facing Domestic Workers in South Africa

18 May 2025

Crisis Facing Domestic Workers in South Africa

During the first quarter of 2025, the employment situation for domestic workers in South Africa worsened notably, as recent labour statistics from Statistics South Africa ...

Vehicle Recalls Hit 7 Major Car Brands in South Africa

25 May 2025

Vehicle Recalls Hit 7 Major Car Brands in South Africa

The National Consumer Commission (NCC) has issued an urgent recall affecting several vehicle brands and models that were sold in South Africa. This action follows ...

Banks Face Scrutiny Over Fees

18 May 2025

Major South African Banks Face Scrutiny Over Fees

Finance Minister Enoch Godongwana has officially confirmed that the Financial Sector Conduct Authority (FSCA) is currently carrying out a formal investigation into how major South ...

Phase Out Traditional Travel Documents

25 May 2025

South African Airports Set to Phase Out Traditional Travel Documents

Airports around the world, including those in South Africa, may soon see a major shift in how passengers travel. A new set of international regulations ...

Banking Scam in South Africa

14 May 2025

Warning Issued Over Widespread Banking Scam in South Africa

The Southern African Fraud Prevention Service (SAFPS) has issued a fresh warning to the South African public regarding a highly deceptive scam currently circulating across ...

Buying Property in Security Estates

18 May 2025

Caution for South Africans Buying Property in Security Estates

There has been a noticeable increase in demand for homes located within security estates and sectional title developments across South Africa. Industry professionals have cautioned ...

Budget 3.0 Ends VAT Deadlock

18 May 2025

Budget 3.0 Ends VAT Deadlock, Earning Market Approval

South Africa’s currency continued to gain ground, trading below the R18.50 mark following confirmation from the National Treasury that it would present a revised version ...

Payment Delays for Certain SASSA Grants

23 May 2025

Payment Delays for Certain SASSA Grants in May During Verification Checks

The South African Social Security Agency (SASSA) has confirmed that there will be a delay in the disbursement of May 2025 social grant payments for ...

Official Petrol Price for May Announced

14 May 2025

Official Petrol Price for May Announced

The Department of Mineral Resources and Energy (DMRE) has released the official adjustments to South Africa’s fuel prices, which will take effect from Wednesday, 7 ...

Rand Is in for a Rough Ride

14 May 2025

Brace Yourself: The Rand Is in for a Rough Ride

South Africa’s currency, the rand, has been making notable gains after recently plummeting to a historic low earlier in the month. However, financial analysts caution ...

Tossing Your Expired Licence

18 May 2025

Think Twice Before Tossing Your Expired Licence in 2025

South African motorists are being strongly advised by traffic authorities to retain their expired driving licences during 2025 to avoid facing avoidable penalties. This advice ...

True Impact of the VAT Hike

4 May 2025

The True Impact of the VAT Hike Is Greater Than Expected

A 0.5 percentage point increase in Value-Added Tax (VAT) has an immediate and noticeable negative effect on South African households, as the prices of goods, ...

Inflation Hits Lowest Point

18 May 2025

Inflation Hits Lowest Point in Nearly Five Years

The rate of inflation in South Africa moderated significantly in March, reaching its slowest pace in almost five years, and slipping below the lower threshold ...

Arcadia Finance on HelloPeter

4 May 2025

Arcadia Finance on HelloPeter – Here’s What You Should Know

If you’ve been searching for Arcadia Finance HelloPeter, chances are you’re doing your homework before making a financial decision — and that’s always a wise ...

Major Change in Interest Rate Forecasts

23 May 2025

Major Change in Interest Rate Forecasts for South Africa

A growing number of economists are now altering their projections for South Africa’s interest rate trajectory, moving towards the expectation of an extended holding pattern. ...

SA Reserve Bank Cautions on Extended High Interest Rates

6 May 2025

SA Reserve Bank Cautions on Extended High Interest Rates

The South African Reserve Bank (SARB) has issued a warning that borrowing costs globally are likely to remain elevated for a longer period than previously ...

6 May 2025

Fast-Track Your Smart ID Application at These 30 South African Banks

The Department of Home Affairs (DHA) is intensifying its efforts to phase out the traditional green barcoded ID book, promoting the more secure and modern ...

South Africa’s Interest Rates Next Month

23 May 2025

Predictions for South Africa’s Interest Rates Next Month

The South African Reserve Bank’s Monetary Policy Committee (MPC), which is scheduled to convene towards the end of May, is widely expected to maintain interest ...

25 April 2025

SASSA Advises Banking Shift After Black Card Suspension

Grant recipients who have not yet transitioned from their South African Social Security Agency (SASSA) gold cards to the newly introduced black Postbank cards are ...

SASSA Old Age Grants Discontinued This May

25 April 2025

Are SASSA Old Age Grants Being Discontinued This May?

The South African Social Security Agency (SASSA) has firmly rejected widespread false social media posts suggesting that the Old Age Grant will be discontinued in ...

South Africa Sees Spike in Arrivals from These 5 Countries

19 April 2025

South Africa Sees Spike in Arrivals from These 5 Countries

Recent findings from a collaborative analysis by Discovery Bank and Visa indicate that growing numbers of foreign nationals from the United Arab Emirates (UAE), Canada, ...

Another disaster for South Africa enters view

20 April 2025

Fresh Trouble on the Horizon for South Africa

Several economists have raised serious doubts about the South African government’s economic growth projections for the year 2025, cautioning that both international and domestic economic ...

Credit Card Use

26 April 2025

Credit Card Use Sees Sharp 43% Rise in South Africa

Standard Bank has revealed that it experienced a substantial 43% year-on-year increase in new credit card acquisitions over the past 12 months. This sharp rise ...

Arcadia Finance Truspilot Review

20 April 2025

Arcadia Finance: Trustpilot Glows Green with Positive Reviews

Arcadia Finance, a leading South African loan comparison platform, is celebrating a significant customer service milestone this week, as its Trustpilot rating reaches green status. ...

Rand Decline

26 April 2025

Analysts Predict Potential Rand Decline to R22 to the Dollar

The South African rand has come under significant pressure, with concerns over the stability of the Government of National Unity (GNU) undermining the local currency. ...

Falsified Credentials in South Africa’s Public Sector

20 April 2025

The Issue of Falsified Credentials in South Africa’s Public Sector

The ongoing issue of individuals presenting falsified or misrepresented academic qualifications in South Africa has become a critical concern, revealing deep-rooted flaws in the recruitment ...

Financial Warning Issued to Struggling South African Businesses

20 April 2025

Financial Warning Issued to Struggling South African Businesses

Companies attempting to misuse South Africa’s business rescue legislation as a strategy to delay paying outstanding debts are facing increased scrutiny from the judiciary. The ...

How US Tariff Policies Under Trump May Influence South Africa's Economy

20 April 2025

How US Tariff Policies Under Trump May Influence South Africa’s Economy

In a renewed push to prioritise domestic trade under a nationalistic policy agenda, United States President Donald Trump will be imposing additional tariffs on exports ...

Tax System Strain in SA

20 April 2025

Experts Warn of Imminent Tax System Strain in South Africa

The most recent tax data reveals a stark imbalance in South Africa’s revenue system. Of the 14.45 million registered taxpayers, just 3.94% are responsible for ...

Month of May Brings Fuel Price Hike Concerns

24 April 2025

Month of May Brings Fuel Price Hike Concerns

After two months of petrol and diesel price reductions in South Africa, the outlook for May has taken a concerning turn. Early indications suggest that ...

AI-Powered Payment Scam

14 May 2025

AI-Powered Payment Scams on the Rise in South Africa

Artificial Intelligence (AI) has rapidly emerged as a powerful tool for modern scammers operating within South Africa’s payments landscape. While AI holds significant promise for ...

sassa gold card

13 April 2025

Gold Cards to Remain in Use, Says SASSA

The South African Social Security Agency (SASSA) has expressed its approval following the recent decision by the South African Reserve Bank (SARB) to allow the ...

High Food Prices

4 May 2025

High Food Prices Deepen Financial Strain for South Africans

A 40-year-old resident of Mankweng in Limpopo, currently spends between R1 500 and R1 700 on groceries each month—almost double the amount she was paying ...

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