BusinessTech


The industry’s top experts offer their best advice, research, how-to’s, and insights

Experts have warned that the Covid-19 pandemic will leave deep scars in the global economy, with middle-income families expected to shoulder the brunt of the impact. While $26 trillion worth of crisis support and the arrival of vaccines have fueled a faster recovery than many anticipated, the legacies of stunted education, the destruction of jobs, war-era levels of… Continued

Financial experts have seen an uptick in debt-related queries over the past few months as the effects of the country’s lockdown are still being felt, with the middle-class particularly hard hit. The number of people in debt who are relying on their credit to stay alive has sky-rocketed, leaving the South African economy teetering on… Continued

South African households are likely to start to feeling the pinch from surging petrol and paraffin prices, marked increases in excise duties on alcoholic beverages and tobacco products, and below-inflation increases in the monetary values of social grants. Commenting on the latest FNB/BER consumer confidence index (CCI), chief economist at FNB Mamello Matikinca-Ngwenya said that… Continued

South African motorists and businesses are going to be hit with petrol price increases in March – while fuel tax hikes in April, the rising cost of electricity courtesy of Eskom, and low business confidence will going to keep the pressure on the country’s already battered economy. Small and medium-sized businesses (SMEs) face a particularly… Continued

A likely rise in bankruptcies, electricity supply constraints, a poor jobs outlook, and material fiscal constraints, do not set South Africa’s expected economic recovery on a good path, says Sanisha Packirisamy, economist at Momentum Investments. In a note on Tuesday (5 January), Packirisamy said that a resurgence in Covid-19 cases and tighter restrictions could also… Continued

A new poll from McKinsey & Company shows how South Africans have struggled financially during the country’s stringent lockdown period. South Africa moved to Level 4 of the national lockdown on 1 May, with all agriculture, hunting, forestry, fishing and related services – including the export of agricultural products – permitted to operate. This allowed… Continued

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