Lockdown level 4: What will be allowed From 1 May, South Africans will be allowed to buy clothes and cigarettes, and order fast food. A number of businesses can also re-open, it was announced at a media briefing on Saturday. South Africa will embark on a staged reopening of the economy, starting with a level […]
Cybercrime warning during coronavirus lockdown: Cybersecurity experts have urged the public to be aware of online scams during the lockdown because it is likely that cybercriminals will use this as an opportunity to exploit remote workers and internet users. Security researcher Maher Yamout from Kaspersky, a global cybersecurity company, said the region was seeing an […]
Coronavirus tax relief: whats available? Across the globe, many governments have been forced to lockdown their countries in an attempt to curb the spread of the Covid-19 pandemic. A number of African countries have adopted similar measures. This has stalled, if not brought to a halt, economic activity, resulting in loss of income for businesses, […]
Why you should care about the rand-dollar exchange rate: The rand has been breaking records this week. It breached the R19.00/$ mark on Friday following a further downgrade into junk status by ratings agency Fitch. Some analysts are warning that it could breach the R20/$ mark in the near term. If you’re wondering why you […]
Claiming money from the UIF: What you need to know: The coronavirus crisis and lockdown have paralysed businesses and left many in South Africa without an income. Enter the Unemployment Insurance Fund (UIF), which should help those in the formal sector with some form of payment in this time. When a contributing worker becomes unemployed; […]
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 […]
