Tag: South
-
Alarm bells are ringing for the middle class and the wealthy South
Alarm bells are ringing for the middle class and the wealthy South
-
Big changes are coming for South African banks
South African banks are expected to evolve in the coming years, particularly in terms of digital modernization and new payment options. Jan Pilbauer, CEO of BankservAfrica, at the inauguration of PayShap, a new fast, low-cost payment system created in partnership with the South African Reserve Bank (SARB), stated that traditional banks (Absa, Standard Bank, FNB,…
-
Crackdown on companies with ‘hidden’ owners in South Africa
The Financial Intelligence Center (FIC) says changes to the country’s economic ownership framework will increase companies’ transparency, making them less attractive to criminals. Xolisile Khanyile, the director of the FIC, spoke at a collaborative workshop with the UN Office on Drugs and Crime in Southern Africa on tools and methods for accessing beneficial ownership data…
-
South Africa’s most popular web browsers
With a market share of over 70%, Google Chrome is the most popular web browser in South Africa. According to GlobalStats Statcounter statistics for device-independent market share, Apple’s Safari browser is the second most popular, with a market share of just over 13%. The data analytics company examines more than 5 billion monthly page views…
-
South Africa’s cheapest car license disc renewals
Image: thepanda.co.za South African motorists are required to renew their car license plates annually, and according to a MyBroadband survey, this is the most cost-effective nationally available alternative to doing this through the South African Post Office. PayCity is generally the lowest choice, but has no service outside of Cape Town in KwaZulu-Natal, the Eastern…
-
Debt spiral warning for consumers in South Africa
The most recent Eighty20/XDS Credit Stress Report for the fourth quarter of 2022 shows an increasing appetite for credit among South Africans, with more than 800,000 new entrants to the credit market over the period. However, this has been accompanied by a rapidly growing number of loans, especially credit card, VAF and home loans, which…
-
Load shedding has crushed South Africa
Blackouts have reduced the potential size of the South African economy by nearly a fifth since they were imposed around 2008, according to an energy specialist at Africa’s largest fund manager. Outages can be expected every week this year, and if the underpowered electricity generation situation is not addressed, the outlook for economic growth will…
-
There is one thing the South African economy has good to do
Although the level of South Africa’s national debt has risen, it is still outperforming many developed countries, said Adriaan Pask, chief investment officer at PSG Wealth. South Africa currently has a debt-to-GDP ratio of 67.4%, which is expected to rise to more than 71% in the next three years. The cost of paying off debt…
-
Alarm bells are ringing for the middle class and the wealthy South
South African consumers are very stressed and don’t have high hopes for an easier time in 2023, the latest FNB/BER Consumer Confidence Index (CCI) shows, but wealthier consumers, with the greatest purchasing power, are the most depressed . After some recovery in the fourth quarter of 2022 – a jump from an index score of…
-
Big changes are coming for South African banks
South African banks are expected to evolve in the coming years, particularly in terms of digital modernization and new payment options. Jan Pilbauer, CEO of BankservAfrica, at the inauguration of PayShap, a new fast, low-cost payment system created in partnership with the South African Reserve Bank (SARB), stated that traditional banks (Absa, Standard Bank, FNB,…