Lockdown: SARB Foresees 370 000 Initial Job Losses, 1 600 Business Insolvencies
Early projections by the SARB are that the 21-day lockdown could see 370 000 job losses and 1 600 business insolvencies.
Early projections by the SARB are that the 21-day lockdown could see 370 000 job losses and 1 600 business insolvencies.
Small businesses can apply for debt relief from most of the major South African banks and several state programmes.
Mboweni had a ‘Hallelujah’ moment when President Ramaphosa told him that the Moody’s downgrade was the trigger to pursue structural reforms.
SA emerged from the 2008 global financial crisis in strong position. The opposite is likely after the coronavirus pandemic.
The South African Reserve Bank has been infected with the quantitative easing bug, known in some ANC circles as ‘quantity easing'.
SARS has taken several precautionary measures in response to the risk of infection from Covid-19.
More than 30% down for 23 of the 40 largest so far this year...
The SA Reserve Bank’s monetary policy committee cut the repo rate by one percentage point from 6.25% to 5.25% on 19 March.
South Africa’s GDP has expectedly contracted by 1.4% in the fourth quarter of 2019, pushing the country into a technical recession.
Money is the No. 1 thing couples argue about, so it's no surprise that money-related conflicts are frequently cited as a reason for divorce.
Pam Golding Properties might face slap-on-the-wrist sanctions if it is found guilty of aiding money-laundering transactions.
Mounting evidence of ill-gotten gains surely makes applying the law the easiest way to boost revenue collections.
Dubious investment schemes emerge faster than the authorities can close them down.
Investors can save tax and, at retirement, withdraw R500 000 tax-free from their RAs.
Alhowel dit een van volwassenes se grootste nagmerries is om jou werk te verloor, hoef dit egter nie jou lewe of geldsake te verwoes nie.
The currency is rarely what it seems.
The rand is likely to weaken back up to R15.16 against the dollar by the end of the first quarter, and reach R16.13 by year-end.
Fin24 asked several financial experts, including our own Gustav Potgieter, what they would do with R10 000 in 2020.
Analysis of collections by Sars shows why things are not working in SA.
Funds with low-cost fees are bound to offer more value – and the lower, the better, right? Well, not always – and yet this myth persists.