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BusinessTech


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

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

It is highly likely that the latest round of petrol price increases being implemented at midnight will be followed by similar increases in November and December. This is according to independent economist Dawie Roodt who was speaking ahead of petrol going up by R1 a litre, diesel by R1.24 a litre and LPG gas by… Continued

The debt counselling industry continues to see a growth in applications, and the current economic situation is a huge factor contributing to the financial distress consumers find themselves in. This is according to Debt Rescue CEO Neil Roets, who said that one of the biggest factors this year so far has been the impact of… Continued

As South Africans adjust to living in a country in the midst of a technical recession, the National Credit Regulator (NCR) has urged the public to make use of debt counselling services. In a statement released on Tuesday (11 September), the regulator called on more South Africans to make use of its registered debt counsellors.… Continued

Mid-month unaudited data from the Central Energy Fund (CEF) is predicting the biggest fuel price hike in South Africa’s history by some margin, says the Automobile Association (AA). “A spike in international oil prices and a huge swing in the Rand/US dollar exchange rate have combined to predict a knockout blow at the pumps at… Continued

Government’s petrol price intervention Government’s petrol price intervention could mean even higher prices in October and beyond: Dawie Roodt Government’s ‘artificial’ support for the fuel price, to counter the 23-25 cents a litre increase that had been expected, will come back to haunt consumers in months to come, says economist Dawie Roodt. The department of… Continued

Despite the loss of another 105,000 jobs in the second quarter of 2018, and the fact that Reserve Bank governor Lesetja Kganyago admitted that the current economic growth trajectory remained too low to tackle South Africa’s unemployment crisis, the government seems hell-bent in continuing with legislation to write off the debts of certain groups of debtors.… Continued

With the petrol price hitting a record high at midnight on Tuesday, economist Dawie Roodt says things are not looking any better for August. Petrol will be increasing by 24 cents and 26 cents for 93 and 95 octane petrol at midnight, taking the price over R16 per litre for the first time in South… Continued

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