Latest News & Developments
finance
How Super Apps are Transforming the Banking Landscape
The 2008 financial crisis reshaped the banking landscape, paving the way for digital neobanks like NuBank and Revolut. Discover how these super apps are revolutionising finance and what the future holds for traditional banking.
Midvaal Municipality shines at Salga audit awards with five prestigious accolades
Midvaal Local Municipality's exceptional financial management has earned it five prestigious accolades at the Salga annual municipal audit awards, showcasing its commitment to excellence and setting a benchmark for others in the 2023/24 financial year.
A step backwards for the country's poor
Currently, we are growing at a very slow pace of 0. 6%, while many emerging economies and our BRICS partners like India and China grow at rates of over 5%.
Budget 3. 0: a look at South Africa’s plan to use pension funds for building infrastructure
The latest version of the 2025 budget appears more reasonable within our current economic context and paints a vivid picture of South Africa’s finances.
Digital Finance at the Core of Brazil’s Fintech Transformation
The Fintech Revolution in Brazil is reshaping its financial landscape, driven by the rapid adoption of digital payment systems like Pix, the rise of online lending platforms, and progressive regulatory frameworks. With over 80% of adults engaged in digital payments and a thriving startup ecosystem of over 1,500 fintechs, Brazil is emerging as a global fintech leader. However, regulatory and infrastructural challenges remain, even as innovations promise an inclusive financial future.
Is eThekwini Municipality's R3. 6 million fan park expenditure justified?
ActionSA expresses concern over the eThekwini Municipality's R3. 6 million expenditure on fan parks for the Nedbank Cup Final.
PSG embraces future thinking at 2025 Conference
The annual PSG Financial Services’ Conference held in May brought together top financial services industry leaders, journalists and other distinguished speakers to engage on building South Africa’s future amidst an era of rapid technological change.
Loan sharks exploit vulnerable communities amid rising living costs
Community leaders are calling for a clampdown of loan sharks and more awareness around people getting trapped in a cycle of debt due to the high interest rates.
How loan sharks target vulnerable communities
The elderly are handing their SASSA cards, pin-codes and identity documents to loan sharks as a security for their loans from these illegal lenders.
Rising living costs push South Africans to rely more on personal loans
With the rising cost of living outpacing income, an unprecedented number of South Africans are turning to personal loans, highlighting a growing financial crisis.
More South Africans are relying on personal loans as cost of living soars
More South Africans than ever are using personal loans to make up the shortfall between income and the rising cost of living.
Tshwane's 2025/2026 budget: A risky reliance on property tax revenue
Concerns have been raised over Tshwane's 2025/2026 budget, especially its reliance on property tax revenue and potential financial risks.
Liquidators of uMhlanga's Pencil Club strive to generate R80 million from asset sales
Financial experts are working to generate R80 million from the liquidation of the prestigious Pencil Club in uMhlanga, which has faced significant financial challenges, leaving its elite members concerned about its future.
Soaring food costs squeeze South Africans
This spike in food costs continues to negatively affect the poor, who are already bearing the brunt of the sluggish economy and instability.
Skipping insurance premium payments could leave you financially vulnerable, Financial Ombud scheme warns
Are you thinking of skipping your insurance premiums to save money? The Financial Ombud warns of the possible financial consequences.
SARB governor Lesetja Kganyago calls for innovative tech solutions to enhance financial trust
South African Reserve Bank Governor Lesetja Kganyago emphasises the need for scalable, cross-border technology solutions at the G20 TechSprint 2025, highlighting the importance of trust and integrity in financial systems for enhancing global financial inclusion.
Understanding the exemption of legacy policies in the new pension system
What you need to know
New funding round from National Treasury's Jobs Fund to boost green and informal economies
The Jobs Fund has announced a new funding round aimed at innovative projects in green and informal economies. Learn how to apply for grants and make a difference in your community.
VAT increase reversal seen as a step towards economic stability in South Africa
South Africa's Treasury has reversed its decision to increase Value Added Tax, a move welcomed by opposition parties and analysts as a step towards sustainable fiscal policies amidst economic challenges.
KwaZulu-Natal Education Department reassures teachers about salary payments
The KwaZulu-Natal Department of Education has assured teachers that their salaries are secure despite facing a R1. 3 billion budget shortfall, with a commitment to ring-fence funds for salary payments
DA’s own deputy minister at Treasury knew about VAT hike, Parliamentary reply shows
ActionSA has unveiled evidence implicating the Democratic Alliance in the controversial 2% VAT increase for the 2025 Budget, revealing their Deputy Minister's direct involvement in the drafting process.
SA's biker delivery boom | The faceless individuals driving the country's economy may be struggling
Explore the untold stories of South Africa's delivery drivers, who, despite their vital role in the economy, face significant challenges and hardships in their daily lives.
Former PAC president Luthando Mbinda convicted of fraud worth nearly R1 million
Luthando Mbinda, the former president of the PAC, has been convicted of fraud amounting to nearly R1 million, marking a significant turn in the political landscape.
DA won't exit Government of National Unity over VAT controversy, Zille confirms
Helen Zille has confirmed the Democratic Alliance will remain within the Government of National Unity despite opposing the controversial VAT increase.
IFP affirms support for national budget, plans to meet DA for cooperation in GNU
The DA and EFF have approached the court to legally challenge the passing of the 2025 Budget that included a 0. 5% Value-Added-Tax (VAT).