BusinessTech


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

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

Moody’s rating next month is widely expected to be a downgrade to junk. Consumers must avoid falling into a debt trap “like the plague” as the possible downgrade of South Africa’s credit rating by Moody’s next month could undermine the December petrol decrease and the recent Reserve Bank repo rate reduction, experts said. Efficient Group’s… Continued

Petrol price could hit R20 before the end of the year Although the petrol price is ‘only’ expected to rise by about 7 cents a litre in June, the general economic outlook remains bleak. This is according to Dawie Roodt, chief economist at the Efficient Group, who said that consumer debt and unemployment are set… Continued

Expect another petrol price hike in April Motorists can expect a big petrol price hike in April, due to rising global oil price, a weaker rand and the introduction of new fuel taxes. According to the latest data from the Central Energy Fund (26 March), South African motorists should anticipate a hike at the pumps… Continued

South African consumers, already up to their necks in debt, are in for another shock over the next few months. This is according to financial experts. On Wednesday, the 6 of March, petrol is set to rise by 74 cents a litre, while diesel will increase by 91 cents a litre. In addition to the… Continued

Dawie Roodt, chief economist at the Efficient Group, believes that there is little reason to be optimistic now that South Africa is no longer in a technical recession. Statistics South Africa revealed on Tuesday (4 November) that the country’s economy expanded by 2.2% in the third quarter – effectively ending the country’s negative growth trajectory.… Continued

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