President Cyril Ramaphosa will deliver his third annual State of the Nation Address, which will be broadcast live from Parliament in Cape Town from 19h00 tonight: The SONA serves to provide updates on government’s key policies, and in 2020 is being delivered in a very difficult environment. Key focuses: A key focus for the president […]
Car insurance the grudge purchase that’s not the best to cut in tough times: It’s no secret that insurance is a grudge purchase; until it’s needed. Everyone is trying to lower their expenses in these tough times. While the monthly car insurance debit begins to look like an easy expense to drop – especially since […]
Update: The banking strike has been interdicted. Banking union Sasbo has been interdicted from proceeding with what would have been the biggest banking strike in 99 years, the Labour Court in Braamfontein ruled on Thursday morning. More details at: https://www.fin24.com/Companies/Financial-Services/breaking-banking-strike-interdicted-labour-court-rules-20190926 Details prior to update: The labour court will rule on Thursday as to whether the banking […]
Five reasons why Moody’s is unlikely to ‘junk’ SA – and why it still could: Moody’s Investor’s Services was in Johannesburg this week for its annual conference on sub-Saharan African economies but ears were really pricked for its view on South Africa as it is last of the big three rating agencies to hold the […]
Talking openly with children about money removes the mystery and makes money management part of everyday life. Experts say that children as young as three years old can grasp financial concepts like saving and spending, and that they form their money habits by age seven. Parents, as the number-one influenceon their children’s financial behavior, should […]
What to expect in summer and beyond. Embattled power utility Eskom managed to keep the lights on in winter and aims to continue averting load shedding, while balancing the need to increase maintenance to protect against the risk of unreliable plant performance. Operationally, according to energy expert Chris Yelland, Eskom has presented a credible plan […]
The Administrative Adjudication of Road Traffic Offences (AARTO) Bill was signed on 16 August, by President Cyril Ramaphosa which will impose strict rules on motorists and a strict punitive system should they fail to comply with the rules. While in theory AARTO may improve road safety, we know reality differs substantially. Major concerns: Joffe points […]
New demerit system aimed at reducing road risks but could negatively affect insurance industry: The new demerit system for SA road users has good intentions, but it can also pose a significant threat to the insurance industry, cautioned Vera Nagtegaal, executive head of Hippo.co.za. President Cyril Ramaphosa signed the controversial Administrative Adjudication of Road Traffic […]
Steps women can take to ensure their financial security: According to a recent study done by UBS Global Wealth Management, 58% of women leave financial management to their male partners. Surprisingly, the study found that younger women between the ages of 20 and 34 were more likely to defer money decisions to their male partners. […]
𝐀 𝐥𝐨𝐨𝐤 𝐚𝐭 𝐒𝐀’𝐬 𝐚𝐮𝐭𝐨 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲: Approximately one-third of value addition within South Africa’s domestic manufacturing sector is derived either directly or indirectly from vehicle assembly and automotive component manufacturing activity, according to Michael Mabasa, CEO of the National Association of Automobile Manufacturers of South Africa . This positions the industry and its broader […]
