News

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

Major Shift Ahead for South Africans Earning R5k to R20k

9 December 2025

Major Shift Ahead for South Africans Earning R5k to R20k

South Africa has recorded its strongest improvement in consumer confidence for 2025, with the country’s middle-income earners, specifically those receiving between R5,000 and R20,000 a ...

Extended Operating Hours for Smart ID and Passport Services

8 December 2025

Extended Operating Hours for Smart ID and Passport Services

The Department of Home Affairs has announced that South Africans applying for Smart ID cards or passports will have easier access to services during December ...

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South Africans Turn to Costly Debt as Loan Sharks Gain Ground

5 December 2025

South Africans Turn to Costly Debt as Loan Sharks Gain Ground

South Africa is witnessing an intensifying shift towards credit reliance as households struggle to keep up with the rising cost of living. This trend is ...

BNPL Surges as South African Debt Hits Record Highs

5 December 2025

BNPL Surges as South African Debt Hits Record Highs

As the festive season promotions intensify across South Africa, the National Financial Ombud (NFO) has issued a warning for consumers to exercise extreme caution when ...

SARS Issues Stern New Compliance Signal to South African Taxpayers

5 December 2025

SARS Issues Stern New Compliance Signal to South African Taxpayers

The South African Revenue Service released a draft notice in terms of section 210(2) of the Tax Administration Act, signalling its intention to introduce fixed ...

Another Significant Economic Gain for South Africa

5 December 2025

Another Significant Economic Gain for South Africa

South Africa recorded another encouraging performance in the third quarter, as real gross domestic product expanded by 0.5 percent. This marked the fourth successive quarter ...

Government Pushes Ahead With Plans to Scrap Medical Aid Tax Credits

2 December 2025

Government Pushes Ahead With Plans to Scrap Medical Aid Tax Credits

Health Minister Aaron Motsoaledi has reiterated the government’s position on the future of medical aid tax credits, emphasising that the National Health Insurance Act carries ...

Rising Pressure on Fuel Prices for South African Motorists

2 December 2025

Rising Pressure on Fuel Prices for South African Motorists

South African motorists are facing another difficult start to the month as fresh data from the Central Energy Fund indicates that fuel prices are set ...

Experts Issue Alert as Rand Surges Against the Dollar

2 December 2025

Experts Issue Alert as Rand Surges Against the Dollar

The South African rand has enjoyed a period of noticeable strengthening against the United States dollar over the past year, yet analysts caution that this ...

SARS Outlines Major Compliance Shift for the 2026 Tax Year

27 November 2025

SARS Outlines Major Compliance Shift for the 2026 Tax Year

SARS has informed employers throughout South Africa that they should begin their preparations for the 2026 Employer Filing Season, explaining that several procedural adjustments will ...

South African Salaries Continue to Show Positive Growth

27 November 2025

South African Salaries Continue to Show Positive Growth

The most recent PayInc Net Salary Index reveals encouraging news for South African employees, showing that salaries across the country remain higher than they were ...

Driving Licence Validity Extension Under Fire from Critics

27 November 2025

Driving Licence Validity Extension Under Fire from Critics

The prospect of lengthening the validity period of South African driving licence cards has resurfaced, yet labour unions have cautioned that such a shift could ...

Unanimous Repo Rate Cut Sets the Stage for Anticipated Monetary Easing

21 November 2025

Unanimous Repo Rate Cut Sets the Stage for Anticipated Monetary Easing

Following the South African Reserve Bank’s recent decision to lower borrowing costs, several economists have indicated that South Africans may see additional reductions in interest ...

South Africans Urged to Prepare for Potential Disappointment in the Rates Outlook

21 November 2025

South Africans Urged to Prepare for Potential Disappointment in the Rates Outlook

Many leading economists, financial experts and major market institutions continue to project that the South African Reserve Bank will deliver a 25 basis point interest ...

Inflation Climbs Ahead of South Africa’s Final Interest Rate Call of the Year

20 November 2025

Inflation Climbs Ahead of South Africa’s Final Interest Rate Call of the Year

Annual consumer inflation in South Africa climbed to 3.6 percent in October, rising from the 3.4 percent level recorded in September, a development that matched ...

South Africans Turning to Overdrafts as Financial Pressures Deepen

20 November 2025

South Africans Turning to Overdrafts as Financial Pressures Deepen

South Africans are increasingly relying on overdraft facilities and various short-term lending options as high interest rates, persistent inflation and sluggish economic growth steadily erode ...

Why the Rand Is Losing Momentum

19 November 2025

Why the Rand Is Losing Momentum

After reaching its strongest levels in nearly three years, the rand has once again slipped above the R17.00 mark against the US dollar, reflecting the ...

Positive Developments for Interest Rates in South Africa

15 November 2025

Positive Developments for Interest Rates in South Africa

The financial landscape in South Africa is currently filled with anticipation as the South African Reserve Bank is broadly expected to introduce an interest rate ...

End of an Era as High-Profile Billionaire Bank Exits SA

13 November 2025

End of an Era as High-Profile Billionaire Bank Exits SA

South Africa’s leading digital banking pioneer, TymeBank, which counts billionaire Patrice Motsepe among its major backers, is entering a transformative phase as it evolves from ...

South Africans Stand to Gain R20 Billion if SARS Does Its Job Right

13 November 2025

South Africans Stand to Gain R20 Billion if SARS Does Its Job Right

Finance Minister Enoch Godongwana has indicated that South African taxpayers could effectively be spared from R20 billion in additional taxes in 2026 if the South ...

South Africa’s Job Market Strengthens as Unemployment Falls

13 November 2025

South Africa’s Job Market Strengthens as Unemployment Falls and Labour Data Gets an Overhaul

South Africa’s unemployment landscape has experienced a notable improvement, with the official jobless rate dropping by 1.3 percentage points in the third quarter of 2025. ...

Rand Shows Remarkable Resilience and Stability

13 November 2025

Rand Shows Remarkable Resilience and Stability

The South African rand has been showing impressive resilience throughout the year, demonstrating that its recent performance is not a mere coincidence. The currency has ...

South Africans Braced for Triple Tax Blow

6 November 2025

South Africans Braced for Triple Tax Blow

South African taxpayers who belong to medical aid schemes are likely to face what experts are now describing as a “triple tax” to fund the ...

South Africans Feel the Pinch as Medical Aid Costs Climb Sharply for 2026

4 November 2025

South Africans Feel the Pinch as Medical Aid Costs Climb Sharply for 2026

Medical aid members in South Africa are facing renewed financial strain, with one prominent scheme implementing an almost 20% increase in fees for 2026. While ...

South Africa Moves Closer to a Cashless Future as Digital Banking Takes Over

13 November 2025

South Africa Moves Closer to a Cashless Future as Digital Banking Takes Over

The traditional way South Africans have received and handled cash is undergoing a dramatic transformation. Across the country, an increasing number of people are choosing ...

Major Fuel Price Drop

3 November 2025

Major Fuel Price Drop Set to Bring Relief for South African Motorists Next Week

Fresh figures from the Central Energy Fund (CEF) show that October ended with strong fuel price recoveries, paving the way for a petrol and diesel ...

Experts Caution Borrowers as Mashonisa Loans Rise

30 October 2025

Experts Caution Borrowers as Mashonisa Loans Rise

With rising living costs, stagnant wages, and the pressure of the upcoming festive season, countless South Africans are finding themselves in a financial squeeze. As ...

Short-Term Lending Surge Raises Caution

30 October 2025

Short-Term Lending Surge Raises Caution

South Africans are being urged to exercise greater caution this festive season as a nationwide crackdown on illegal microlenders intensifies. With the country facing rising ...

What to Expect from the Medium-Term Budget Policy Statement

29 October 2025

What to Look Out for in This Year’s Medium-Term Budget Speech

South Africa is gearing up for the release of its much-anticipated Medium-Term Budget Policy Statement (MTBPS), with economists and analysts eager to hear Finance Minister ...

New R3.5 Billion Beachwood Coastal Estate Rising Along Durban North’s Coastline

29 October 2025

New R3.5 Billion Beachwood Coastal Estate Rising Along Durban North’s Coastline

A major new residential development valued at R3.5 billion, known as Beachwood Coastal Estate, is currently being constructed along the scenic coastline of Durban North ...

South Africans Set to Celebrate as Petrol Prices Drop Sharply in November

24 October 2025

South Africans Set to Celebrate as Petrol Prices Drop Sharply in November

As South Africa nears the conclusion of October, the nation can look forward to a wave of relief at the fuel pumps in November. The ...

Interest Rate Cut Hopes Fade for South Africans

24 October 2025

Interest Rate Cut Hopes Fade for South Africans

South Africa’s latest inflation figures have delivered an unwelcome surprise for those anticipating early interest rate cuts, potentially derailing expectations of monetary easing in November. ...

Makro Launches Massive Early Black Friday Savings This Week

23 October 2025

Makro Launches Massive Early Black Friday Savings This Week

Makro and Game have officially announced the release of their early Black Friday promotions, unveiling a range of enticing deals that will become available on ...

Major Relief for Solar Users as Eskom Streamlines Approval Process

23 October 2025

Massive Boost for Rooftop Solar Users in South Africa

South African homeowners who have invested in rooftop solar have received a significant boost following a major regulatory update by Eskom. The power utility has ...

South Africans Turn Away from Eskom

21 October 2025

South Africans Turn Away from Eskom

Eskom, once South Africa’s dominant electricity supplier, is facing a dramatic decline in demand as years of steep price hikes have driven customers to find ...

Major Setback for South African Passport Holders

16 October 2025

Major Setback for South African Passport Holders

South African travellers have suffered a notable setback, as the country has fallen out of the global top fifty passports. According to the most recent ...

Expected Fuel Price Movements for November

16 October 2025

Expected Fuel Price Movements for November

Mid-month calculations from the Central Energy Fund (CEF) indicate that motorists in South Africa are likely to see fuel price reductions across all grades in ...

Chinese Car Brands Face New Challenges in South Africa

16 October 2025

Chinese Car Brands Face New Challenges in South Africa

The rapid rise of Chinese car manufacturers in South Africa, once seen as a triumph of affordability and innovation, is now beginning to show signs ...

End of Medical Aid Tax Credits on the Horizon

16 October 2025

Medical Aid Tax Credits Could Soon Be History

The National Department of Health (NDOH) has revealed that it is actively engaged in discussions with the National Treasury regarding proposed changes to South Africa’s ...

SARS Fraud Alert Taxpayers Urged to Stay Vigilant

11 October 2025

SARS Fraud Alert: Taxpayers Urged to Stay Vigilant

The South African Revenue Service (SARS) has issued another urgent warning to the public, cautioning taxpayers about a newly circulating scam aimed at stealing money ...

Major Shift in Interest Rate Expectations for South Africa

11 October 2025

Major Shift in Interest Rate Expectations for South Africa

The latest minutes from the United States Federal Open Market Committee’s (FOMC) September session have reinforced expectations that the Federal Reserve will deliver additional interest ...

SARS Goes After these Taxpayers Leaving the Country

8 October 2025

SARS Goes After these Taxpayers Leaving the Country

Affluent South Africans relocating abroad are finding themselves under tighter scrutiny as the South African Revenue Service (SARS) steps up its enforcement actions and narrows ...

Eskom’s 2025 Tariff Hikes Backfire as Demand Plummets

7 October 2025

Eskom’s 2025 Tariff Hikes Backfire as Demand Plummets

A new in-depth review of Eskom’s electricity demand data reveals that the state utility’s steep 2025 tariff increases are being undermined by a significant decline ...

South Africa Faces New Reality as 25-Year Lifeline Ends

7 October 2025

South Africa Faces New Reality as 25-Year Lifeline Ends

After a quarter of a century, the African Growth and Opportunity Act (AGOA) officially came to an end last week, marking the conclusion of one ...

Five Key Issues Hitting South Africa Today

3 October 2025

Five Key Issues Hitting South Africa Today

The South African rand gained considerable strength on Wednesday, with its performance largely buoyed by favourable manufacturing data and a softening United States dollar. By ...

Major Tax Refund Shake-Up

1 October 2025

South Africa Prepares for Major Tax Refund Shake-Up

The Office of the Tax Ombudsman (OTO) has released draft recommendations urging the South African Revenue Service (SARS) to overhaul its approach to verifying tax ...

230,000 Job Losses

1 October 2025

South Africa Loses 230,000 Jobs in Latest Report

South Africa’s formal job market has taken a heavy knock, with official data revealing that a staggering 229,000 positions were lost when comparing the second ...

Framework for Expired Driving Licences

1 October 2025

South Africans Face New Rules on Expired Driving Licences

The Department of Transport has officially gazetted a new set of regulations which make provision for expired driving licences to be regarded as valid identification ...

Social Grant Increases for October 2025

27 September 2025

South Africa Confirms Social Grant Increases for October 2025

The South African Social Security Agency (SASSA) has confirmed that from October 2025 there will be further adjustments to social grant payments, in line with ...

Pay Less Tax in SA

26 September 2025

Pay Less Tax in South Africa the Right Way

Prominent economist Dawie Roodt has encouraged South Africans to legally minimise the amount of tax they pay, advising citizens to use every available mechanism provided ...

Spam Calls Are Ruining Voice Calling

26 September 2025

Why Spam Calls Are Ruining Voice Calling in South Africa

Unsolicited spam calls have become such a widespread problem across South Africa that a growing number of people have chosen to stop answering their mobile ...

New Mandatory Requirement Issued by SARS

26 September 2025

Businesses Face New Mandatory Requirement Issued by SARS

Businesses across South Africa that are registered as VAT vendors have recently been reminded of significant new obligations relating to their tax compliance, which now ...

Driving Licence Holders in South Africa

26 September 2025

Positive Update for Driving Licence Holders in South Africa

South African motorists who have been anxiously waiting for their driving licence cards have received some encouraging news, as the severe backlog of applications has ...

South African Petrol Prices

19 September 2025

Bad News Persists for South African Petrol Prices

Despite the South African rand making notable gains against the United States dollar and global oil benchmarks trading within a fairly stable range, motorists are ...

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