Covid-19 relief announced by SA banks: The country’s four full-service banks have all announced relief measures for personal and business customers impacted by the Covid-19 outbreak and nationwide lockdown. The South African Reserve Bank Prudential Authority acted this weekend, publishing three proposed directives for comment. These relate to banks’ liquidity coverage ratios, temporary capital relief […]
Repayment Holiday do or don’t? The country’s four full-service banks have all announced that they are willing to give their customers debt servicing relief, including reducing one’s monthly instalment or taking a full payment holiday for the next three months. Insurers are also getting similar requests specifically regarding motor insurance as cars are going unused […]
What to look out for in Mboweni’s 2020 Budget address: Finance Minister Tito Mboweni will deliver his 2020 Budget address on Wednesday afternoon as the country battles record-high unemployment, depressed economic growth, the likelihood of tax revenue shortfalls, and grim warnings that South Africa is marching towards a downgrade by Moody’s, the last major ratings […]
Investing as a young person: Investing doesn’t have to be complicated. Sadly though when you’re just starting out, it can be a hard ask due to so many competing demands. You also need some basic investment knowledge, which often supplied in high school classes or college. On a positive front: There are more attractive options […]
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 […]
