News

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

Debt and Gambling

1 August 2026

SA Employees Sink Deeper Into Debt and Gambling

A fresh report from Old Mutual reveals that South Africa’s financial divide is becoming more pronounced, with a growing number of working people leaning on ...

Electricity Price Reforms

1 August 2026

South Africa Set For Major Electricity Price Reforms

South Africa’s Cabinet has approved the publication of the Revised Electricity Pricing Policy for public comment, aiming to bring greater transparency to the country’s tariff ...

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SARS Warning for Anyone Who Filed This Year

29 July 2026

SARS Warning for Anyone Who Filed This Year

SARS has flagged a growing trend of scammers using artificial intelligence to produce convincing correspondence that mimics official tax communication, making it harder for taxpayers ...

SASSA Grant Under Review Expect Delays

29 July 2026

SASSA Grant Under Review? Expect Delays

The South African Social Security Agency (SASSA) has cautioned thousands of beneficiaries whose grants are under review that their August payments will not arrive during ...

e-Travel Authorisation

29 July 2026

New R500 Visa Fee Coming to South Africa

The Department of Home Affairs has published proposed regulations that would bring in a R500 processing charge for Electronic Travel Authorisations (ETAs) issued in South ...

SARB Pause Eases Vehicle Loan Costs

25 July 2026

SARB Pause Eases Vehicle Loan Costs

South Africans with car loans have reason to breathe a little easier this week, after the Reserve Bank chose to keep borrowing costs exactly where ...

Repo Rate Freeze

25 July 2026

Repo Rate Freeze Brings Relief to SA Homeowners

South African homeowners have been handed a welcome reprieve after the Reserve Bank’s Monetary Policy Committee opted against raising interest rates, despite inflation figures for ...

SASSA Targets Grant Reviews

22 July 2026

SASSA Targets 350 000 Grant Reviews to Cut Fraud

The Minister of Social Development, Dina Pule, has announced that the government intends to review more than 350,000 social grants during the 2026/27 financial year, ...

Rand Could Hit R18 to the Dollar

22 July 2026

Rand Could Hit R18 to the Dollar in 2027

Anchor Capital has cautioned that the risks facing the rand remain extremely elevated and that the currency could weaken all the way to R18 against ...

SA Mobile Banking App Fraud

22 July 2026

New Alert for SA Mobile Banking App Users

South Africans who rely on banking applications on their mobile devices are once again being urged to exercise heightened caution whenever they are asked to ...

Rates on Hold Despite Inflation Risks?

17 July 2026

Rates on Hold Despite Inflation Risks?

The South African Reserve Bank (SARB) is widely anticipated to keep interest rates unchanged at its upcoming meeting, although economists caution that the outcome could ...

R33 Million SASSA Grant Fraud

17 July 2026

R33 Million SASSA Grant Fraud

The South African Social Security Agency (SASSA) has terminated the employment of four officials from its Nebo Local Office in Limpopo’s Sekhukhune District, after an ...

TransUnion Q2 2026 Consumers Still Under Strain

17 July 2026

TransUnion Q2 2026: Consumers Still Under Strain

Households across South Africa continue to grapple with considerable financial pressure, as almost four out of every ten consumers (39%) anticipate falling behind on at ...

Pensioners Demand R5 000 Grant

17 July 2026

Pensioners Demand R5 000 Grant

Elderly citizens under the banner of Pensioners of South Africa (POSA) have appealed to President Cyril Ramaphosa and SASSA officials to acknowledge their hardship, saying ...

SARB's Rate Decision Next Week

14 July 2026

SARB Rate Call Looms: Hold or Hike Again?

Bank of America has indicated that it anticipates the South African Reserve Bank (SARB) will raise interest rates during its upcoming July Monetary Policy Committee ...

Premature Trust Penalties

14 July 2026

SARS Backs Down On Premature Trust Penalties

Trusts that were served with final demand letters in February, on account of failing to submit their 2024 and 2025 tax returns, have effectively been ...

Fortnightly Fuel Price Changes

14 July 2026

SA Mulls Fortnightly Fuel Price Changes

South Africa may be on the verge of departing from its long-established system of adjusting fuel prices on a monthly basis, after a suggestion was ...

New Travel Declaration

8 July 2026

New Travel Declaration Now Mandatory, SARS Confirms

The South African Revenue Service (SARS) has emphasised that, although its recently introduced online travel declaration form is compulsory, travellers will not be refused entry ...

Immigration Framework

8 July 2026

South Africa Set to Overhaul Its Entire Immigration Framework

South Africa’s visa system is on the brink of a significant transformation, as the national government prepares to bring in new legislation aimed at tightening ...

Car Loans

5 July 2026

South Africans Keep Car Loans for Longer At a Cost

Financially squeezed car buyers across South Africa are increasingly choosing loan agreements that lower their monthly instalments rather than focusing on the total amount they ...

Solo Home Buying

5 July 2026

Solo Home Buying Rises Among Young South Africans

A growing number of young South Africans are choosing to purchase property entirely on their own, marking a substantial shift in how the country’s newest ...

Credit Card Balances Climb

5 July 2026

Credit Card Balances Climb as Repayment Strain Builds

South African households are changing the way they borrow and manage credit as pressure on household budgets continues, according to TransUnion’s Q1 2026 South Africa ...

South Africans Lean Harder On Credit

5 July 2026

South Africans Lean Harder On Credit As Living Costs Bite

South African households are becoming more dependent on the credit facilities they already hold and are turning increasingly to short-term borrowing as they try to ...

Prime Lending Rate

30 June 2026

South Africa Set To Phase Out The Prime Lending Rate

The South African Reserve Bank (SARB) has put forward a proposal to do away with the prime interest rate altogether, although the move to a ...

Urgent Banking Details Warning

26 June 2026

SARS Issues Urgent Banking Details Warning to Taxpayers

With Tax Season 2026 set to officially launch next week, the South African Revenue Service (SARS) has issued a strong advisory urging all taxpayers across ...

Pensioners

26 June 2026

Pensioners Say SASSA Should Be Paying R6 500

The Older Persons Grant remains one of the South African Social Security Agency’s most critical and far-reaching social relief instruments, providing a financial lifeline to ...

SA's Unemployment Crisis

25 June 2026

SA’s Unemployment Crisis Surpasses Great Depression Levels

South Africa’s unemployment situation has deteriorated to such a severe degree that it now eclipses the rates of joblessness recorded in countries such as the ...

23 June 2026

South Africa’s ATM Landscape Is About To Change Forever

The South African Reserve Bank (SARB) has put forward a far-reaching proposal that could fundamentally transform the way South Africans interact with cash-dispensing infrastructure across ...

Revolut

23 June 2026

New Bank, New Options for South Africans

London-based financial technology company Revolut is working towards establishing a full banking presence in South Africa by 2028, with its local waitlist rapidly closing in ...

South Africa's Rate Outlook

21 June 2026

South Africa’s Rate Outlook Brightens Following US-Iran Truce

The recently signed peace agreement between Iran and the United States might cause the South African Reserve Bank (SARB) to reconsider its current interest rate ...

Btter Results for Credit Complaints

21 June 2026

Credit Complaints to Ombud Rise, So Do Results

South Africans are increasingly turning to the National Financial Ombud Scheme (NFO) when disputes arise with lenders, and a growing number are walking away with ...

New Social Grant

18 June 2026

New Social Grant Proposed for South Africans

South Africa’s Department of Social Development (DSD) is working to finalise the policy framework for the new Basic Income Support (BIS) grant by March 2027, ...

Youth Credit Trend

18 June 2026

Youth Credit Trends Point to Economic Shift

As South Africa observes Youth Month this year, fresh figures from Experian’s Consumer Default Index offer a timely, if sobering, snapshot of how the country’s ...

South African Interest Rate Expectations

18 June 2026

South African Interest Rate Expectations Undergo Significant Shift

Market participants have substantially reduced their expectations for additional interest rate hikes by the South African Reserve Bank (SARB) following a landmark United States and ...

14 June 2026

Households Under Pressure Turn to Debt Counselling

South African households are experiencing an intensifying level of financial pressure as a combination of rising interest rates, persistent inflation, and escalating living costs continues ...

Credit Market Recovery

14 June 2026

SA Banks Get Relief as Bad Debts Decline

South Africa’s largest banks are reporting a meaningful improvement in credit market conditions, supported by tighter lending standards and better-performing loan books. These findings form ...

SA Rate Hike

14 June 2026

SA Rate Hike: Bad News For Borrowers, Good News For Savers

The South African Reserve Bank (SARB) has moved to increase the repo rate by 25 basis points, bringing it to 7.00%, with commercial banks widely ...

Monthly payments

14 June 2026

Average South African Pays R9 300 More Every Month

The average South African earning R30 000 per month could be handing over nearly half of their income to the government and various compulsory charges ...

AI for Debt Help

8 June 2026

South Africans Turn to AI for Debt Help

For a great many South Africans, very few telephone calls provoke as much anxiety and dread as one made by a debt collector. Whether a ...

South Africans Lose Billions to Fraud

5 June 2026

South Africans Lose R2 Billion to Fraud

South Africa is in the grip of a severe and rapidly escalating wave of digital banking fraud that has collectively cost consumers and banking customers ...

Taking out Loans

5 June 2026

South Africans Take Out 875,000 Loans in 90 Days

South Africa’s consumer credit landscape continued to deteriorate in the first quarter of 2026, with the latest Credit Stress Report revealing that total outstanding loan ...

NSFAS to Refund Millions to Graduates

3 June 2026

NSFAS to Refund Millions to Graduates

The National Student Financial Aid Scheme (NSFAS) has announced that it has successfully identified a cohort of former beneficiaries who overpaid on their historical study ...

Saving

3 June 2026

SARB Rate Call: Pain for Borrowers, Gain for Savers

The South African Reserve Bank (SARB) has opted to increase the repo rate by 25 basis points, bringing it to 7.00%. Commercial banks are consequently ...

New Rules for Vehicle Owners

1 June 2026

SARS Introduces New Rules for Vehicle Owners

The South African Revenue Service (SARS) has announced significant new requirements affecting all owners and operators of foreign-registered vehicles crossing South African borders, representing a ...

South Africa Rate Hike

30 May 2026

South Africa’s Rate Hike to Hit Homeowners and Borrowers

South Africans will now be required to allocate considerably more of their monthly budgets towards the repayment of home loans, vehicle finance agreements, and credit ...

Micro loan

28 May 2026

As Salaries Stall, Micro-Loans Fill the Gap for South Africans

South Africa’s consumer credit landscape has undergone a profound structural shift, moving away from large, asset-backed borrowing and towards what can only be described as ...

Debt Repayments

28 May 2026

Debt Repayments Now Swallow Full Salaries for SA’s Highest Earners

South Africans who bring home more than R50,000 per month are now spending more than the entirety of their monthly salaries just on servicing their ...

South African Household

27 May 2026

South African Households Brace for Another Rate Blow This Week

South African households are facing the prospect of yet another squeeze on their finances as the South African Reserve Bank (SARB) moves closer to announcing ...

South Africa's Fuel Price

26 May 2026

South Africa’s Fuel Price Reprieve Cut Short Before It Even Begins

Following a dramatic swing in diesel prices across South Africa, petrol prices have also moved into an over-recovery position – but motorists should not celebrate ...

SA Property Market

7 June 2026

Cost-of-Living Crisis Hits SA Property Market

For most South African households, monthly housing costs – whether bond repayments or rental payments – represent the single largest line item in the family ...

SARS fraud

24 May 2026

Criminals Pose as SARS in New Fraud Scheme

South Africans are being urged to remain vigilant as fraudsters actively impersonate the South African Revenue Service (SARS) in a sophisticated scheme designed to drain ...

Passport Services

23 May 2026

Home Affairs Expands Smart ID and Passport Services to Banks

South Africa’s Department of Home Affairs is set to significantly broaden the scope of services available at bank branches nationwide, with plans well underway to ...

SRD Grant

23 May 2026

SRD Grant to Continue Through 2027

The South African government has allocated R302 billion to the Department of Social Development for the 2026/27 financial year, with the bulk directed at monthly ...

Market

23 May 2026

Rand Slides as Iran War Fuels Inflation Fears

The rand and local financial markets have opened the new trading week on a weaker footing, battered by the prolonged Iran War and mounting inflation ...

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