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BusinessTech


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

South Africans can expect a massive increase in the fuel price when they fill up at the pumps next week, thanks mainly to rising international oil prices. Brent crude oil traded at around $76 on Tuesday, having peaking above $80 earlier in the month, and with analysts noting that prices could head toward $100 a… Continued

Economist Dawie Roodt believes that the price of fuel in June will spike to its highest level ever. On Tuesday (15 May), the Automobile Association (AA) said that it South African fuel users are currently facing increases of 74 cents a litre for petrol, 81 cents for diesel, and 78 cents for paraffin commenting on unaudited mid-month… Continued

The rand targeted a push below R12 against the dollar on Wednesday as the JSE’s all share index reached a new high, while investors wait for additional clues from Cyril Ramaphosa on how he plans to rejuvenate the economy and when President Jacob Zuma might step down. Ramaphosa, the recently elected ANC president, is leading a… Continued

A senior investment executive at Rand Merchant Investments says that Bitcoin’s volatility will continue in 2018, but it could begin to emerge as a payment system in South Africa. Having soared more than 1,500% in 2017, Bitcoin has experienced extreme levels of volatility since mid-December. From a peak of nearly $20,000, the largest digital currency… Continued

South Africans are pawning their cars and taking out second bonds to buy Bitcoin: debt expert A debt expert says that a rapidly growing number of deeply indebted consumers are getting themselves into financial trouble by investing in cryptocurrencies including Bitcoin and Ripple. Neil Roets, CEO of debt counselling company, Debt Rescue, said he was… Continued

Consumers are in for yet another price shock when the price of fuel is expected to skyrocket in December. Independent economist Dawie Roodt said that thanks to the plummeting rand and rapidly increasing crude oil prices, South Africans can expect to pay as much as 70 cents a litre more for petrol in December while… Continued

A new survey conducted by insurer 1Life shows that South Africans are struggling financially, with high levels of debt putting pressure on households and leaving little room for monthly expenses. The group conducted the survey in July, testing consumers’ understanding of saving and financial responsibility. Addressing the survey results, 1Life said that despite knowing how important saving… Continued

A report from Old Mutual shows how much money South African households are managing to put away each month under a very stretched economy. Overall consumer debt is growing, and the fact that ratings agency S&P flagged it as a major risk to the country’s banking sector should act as a wake up call for… Continued

Debt counselling company, Debt Rescue, says it has experienced a substantial increase in financially distressed consumers applying for debt review over the past few months. Debt Rescue CEO, Neil Roets said that since the beginning of January there had been a marked increase in the number of consumers who sought relief by going under debt… Continued

Government’s mooted debt forgiveness programme would plunge consumers deeper into debt in the long term, says debt management expert, Neil Roets. He said that recommendations by the Department of Trade and Industry (DTI) that the National Credit Act be amended to allow the minister to prescribe debt relief measures (debt forgiveness) to over-indebted households also… Continued

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