News

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

Inflation Hits Lowest Point

29 April 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

29 April 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 ...

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Major Change in Interest Rate Forecasts

28 April 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

25 April 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 ...

25 April 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

25 April 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

6 April 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

13 April 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 ...

olution to Long SASSA Queues

13 April 2025

Could This Be the Solution to Long SASSA Queues in 2025?

Recipients of grants from the South African Social Security Agency (SASSA) who rely on Postbank have been facing significant challenges with long queues in 2025. ...

Deadline to Switch to Black Cards

13 April 2025

Postbank Extends Deadline to Switch to Black Cards

The South African government has officially extended the deadline for recipients of South African Social Security Agency (SASSA) grants to transition from the older gold ...

Register Your Solar System

1 April 2025

Planning to Register Your Solar System? Expect Costs Up to R30k

The Electrical Contractors Association of South Africa has warned that individuals who have installed solar power systems may need to budget up to R30 000 ...

Notice for South African Homebuyers

7 April 2025

Important Notice for South African Homebuyers

South Africa’s property sector has expressed dissatisfaction with the Reserve Bank’s Monetary Policy Committee (MPC) decision to keep interest rates unchanged. Although the outcome was ...

Salary Increase

7 April 2025

South Africa’s Salary Increases Come with a Catch

South Africans receiving salary increases exceeding 5% in 2025 may find themselves worse off financially due to stagnant tax brackets. Despite earning more on paper, ...

Upcoming Banks Entering South Africa

1 April 2025

Four Upcoming Banks Entering the South African Market

South Africa’s well-established and highly regarded banking sector is set to experience increased competition as several new banks prepare to enter the market. These new ...

Remote Workers

7 April 2025

Important Notice for South African Remote Workers

The South African workplace landscape is undergoing a transformation as many employers move away from remote work arrangements and require employees to return to the ...

Tough Times for Renters

24 March 2025

Tough Times Ahead for South African Renters

The cost of renting a home in South Africa has reached unprecedented levels, creating financial strain for tenants across the country. With rents rising faster ...

Scammers Stealing Your Savings

24 March 2025

Scammers Are Using This New Tactic to Steal Your Savings

A new security report has revealed a surge in cybercriminal activity targeting smartphones to gain unauthorised access to banking accounts and financial credentials. Criminals are ...

South Africa’s 2025 Budget

23 March 2025

A Closer Look at South Africa’s 2025 Budget

Finance Minister Enoch Godongwana delivered the much-anticipated 2025 National Budget Speech on Wednesday, 12 March. The budget outlined key aspects of South Africa’s current economic ...

Taxpayer's benefits

23 March 2025

South African Taxpayers to Benefit from Positive Changes

Finance Minister Enoch Godongwana tabled the revised 2025 Budget on Wednesday, 12 March, presenting a more favourable outcome for South African taxpayers than the initial ...

Financial Strain on South African Homeowners with Bonds

1 April 2025

Financial Strain on South African Homeowners with Bonds

Despite the easing of inflation and reductions in interest rates, many South African homeowners with bonded properties remain under significant financial pressure. This is reflected ...

Risks of Earning More Than R400 000

22 March 2025

The Financial Risks of Earning More Than R400 000 in South Africa

A recent analysis has revealed that while South Africans earning more than R420 000 annually enjoy a more stable income, they are burdened with substantial ...

Solar Installer

1 April 2025

Experts Warn That Picking the Wrong Solar Installer Could Cost You

As South Africans face ongoing load shedding and escalating electricity costs, many households are turning to solar energy as a more reliable and sustainable alternative. ...

Uncertainty Over April 2025 SASSA Child Support Grants

1 April 2025

Uncertainty Over April 2025 SASSA Child Support Grants

More than 13 million South African beneficiaries who rely on the SASSA Child Support Grant remain in limbo as uncertainty surrounds the April 2025 payments. ...

Petrol and Diesel Price Update

16 March 2025

April 2025 Petrol and Diesel Price Update Brings Great News

Early indicators suggest that South African motorists could see a welcome reduction in petrol and diesel prices next month. The latest projections indicate a significant ...

Take-Home Pay in South Africa

22 March 2025

Take-Home Pay in South Africa Recovers Significantly in 2025

South Africa’s take-home pay has shown significant growth at the beginning of 2025, with approximately four million salary earners benefiting from an upward trend. BankservAfrica’s ...

Climate Change Puts South African Retirement Savings at Risk

15 March 2025

How Climate Change Puts South African Retirement Savings at Risk

As global warming continues to accelerate at an alarming rate, the impact on economies and financial markets is becoming increasingly apparent. Extreme weather events, such ...

Overdraft Data to Be Reported to Credit Bureaus

9 March 2025

Overdraft Data to Be Reported to Credit Bureaus from March 2025

Effective 1 March 2025, credit providers offering overdraft facilities are now obligated to submit consumer overdraft data to credit bureaus, a move designed to enhance ...

SASSA Pension Grant

25 April 2025

SASSA Pension Grant Raised! Find Out the New Payment Amounts

With the upcoming increase in South African Social Security Agency (Sassa) old-age grants set to take effect in April 2024, many pensioners may be wondering ...

Solar Rule Changes by Eskom

17 March 2025

Major Solar Rule Changes by Eskom – What Homeowners Must Know

As South Africa continues to navigate its energy crisis, an increasing number of households and businesses have turned to solar power to mitigate the impact ...

South Africans on a R20 000 Income

24 March 2025

R20 000 Monthly Income? Important Warning for South Africans!

A recent warning from Standard Bank highlights the deepening financial crisis among South Africa’s working-class population, who remain burdened by debt and unable to transition ...

VAT Increase

18 March 2025

Potential VAT Increase Could Deepen South Africans’ Financial Struggles

The unexpected delay of Finance Minister Enoch Godongwana’s Budget Speech last week sent shockwaves throughout South Africa. The postponement fuelled widespread speculation, particularly after reports ...

South Africa’s Unemployment Rate Drops

9 March 2025

South Africa’s Unemployment Rate Drops to Lowest in Over a Year as Key Sectors Strengthen

South Africa’s unemployment rate showed a slight decline in the final quarter of 2024, reflecting a modest increase in employment within key sectors such as ...

Reduced Inflation Target in 2026

25 April 2025

Poll Suggests South Africa Will Reduce Inflation Target in 2026

South Africa is expected to hold off on revising its inflation target until at least 2026, prioritising urgent economic challenges such as slow growth and ...

Stage 6 Load Shedding

9 March 2025

Stage 6 Load Shedding Leave South Africans in the Dark

South Africa has once again been plunged into severe power cuts as Eskom escalated load shedding to Stage 6 in the early hours of Sunday, ...

Faster payments

25 March 2025

How Payments Are Becoming Faster, Smarter, and More Secure

The financial landscape is undergoing a profound transformation as digital transactions redefine the way businesses and consumers interact. At the core of this shift are ...

SASSA Gold Cards No Longer Work

1 March 2025

SASSA Gold Cards Will No Longer Work After 28 February 2025

The South African Social Security Agency (SASSA) and Postbank have issued a strong appeal to all social grant beneficiaries, advising them to replace their existing ...

Banking Apps Security Risks

28 February 2025

South Africans Using Banking Apps Warned of Security Risks

A new study has revealed a worrying surge in fraud linked to banking apps in South Africa, as financial services continue shifting towards mobile platforms. ...

Small Business

6 April 2025

How a Strong Credit Score Can Help Your Small Business Grow in South Africa

Owners of Small, Micro, and Medium-sized Enterprises (SMMEs) in South Africa recognise that securing business funding is an essential component of achieving sustainable growth. However, ...

Massive Spending Surge Among South African Shoppers

28 February 2025

Massive Spending Surge Among South African Shoppers

Consumer spending surged throughout December 2024 in South Africa, driving an enormous increase in retail transactions and contributing to a total of nearly R88 billion ...

Falling Interest Rates Influencing South Africa’s Rental Market

17 February 2025

How Falling Interest Rates Are Influencing SA’s Rental Market in 2025

Despite ongoing economic challenges and persistently high inflation, South Africa’s rental property sector demonstrated remarkable resilience throughout 2024. However, a series of rapid interest rate ...

South African Banks Lock You Out of Your Home

25 April 2025

Can South African Banks Really Lock You Out of Your Home?

South African banks possess extensive powers that enable them to protect their financial interests, but these measures can sometimes have serious and unforeseen consequences for ...

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