Fuel Price Surge in July 2025 – Implications for South African Households and Businesses
Fuel Price Surge in July 2025 – Implications for South African Households and Businesses As the new month begins, South African consumers are once again confronted with the realities of global market volatility, as fuel prices climb significantly from 2 July 2025. The Department of Mineral Resources and Energy has confirmed that petrol will rise […]
Empowering South Africa’s Green Future: AfDB Greenlights R8.4 billion for Just Energy Transition
Empowering South Africa’s Green Future: AfDB Greenlights R8.4 billion for Just Energy Transition A landmark decision by the African Development Bank (AfDB) on July 1, 2025, saw a $474.6 million (approximately R8.4 billion) loan approved for South Africa’s Infrastructure Governance and Green Growth Programme (IGGGP), marking a significant milestone in the nation’s shift toward a low-carbon […]
The Cost of Access: TymeBank Challenges ID Verification Fee Hike
The Cost of Access: TymeBank Challenges ID Verification Fee Hike TymeBank, South Africa’s pioneering digital bank, has issued a stark warning over the Department of Home Affairs’ decision to increase real-time ID verification fees from 15 cents to R10 per lookup—a staggering 6,500% rise. CEO Coenraad Jonker described the move as a serious threat to financial […]
Eastern Cape’s Growth Outlook: A Fragile Recovery
Eastern Cape’s Growth Outlook: A Fragile Recovery Emerging from a prolonged recessionary phase, the Eastern Cape stands at a financial inflexion point. The province, long characterised by structural economic challenges, is now navigating a path of modest growth, driven as much by necessity as by opportunity. The recent economic data paints a cautious but hopeful […]
America’s Wealth Surge in 2024: A Millionaire Boom
America’s Wealth Surge in 2024: A Millionaire Boom In a striking affirmation of the United States’ economic resilience, 2024 saw a historic rise in personal wealth, with an average of over 1,000 individuals entering the ranks of millionaires each day. By year-end, the country welcomed approximately 379,000 new millionaires, increasing the national total to nearly […]
Inflation Remains Steady Despite Tariff Jolt: Early Calm After ‘Liberation Day’
Inflation Remains Steady Despite Tariff Jolt: Early Calm After ‘Liberation Day’ In the wake of President Trump’s sweeping “Liberation Day” tariffs, financial markets braced for a surge in inflation. The measures, enacted on April 2, 2025, imposed baseline duties of 10%, with targeted levies reaching up to 125% on specific imports. This dramatic restructuring of […]
South Africa Secures R26 Billion World Bank Loan: A Strategic Move with Complex Implications
South Africa Secures R26 Billion World Bank Loan: A Strategic Move with Complex Implications In a critical move to address infrastructure inefficiencies and economic stagnation, South Africa has secured a R26 billion loan from the World Bank. Approved earlier this month, the loan is designed to fast-track investment into the country’s energy and freight transport […]
SOUTH AFRICA SET TO EXIT FATF GREYLIST AS TREASURY SIGNALS CONFIDENCE
SOUTH AFRICA SET TO EXIT FATF GREYLIST AS TREASURY SIGNALS CONFIDENCE South Africa is on the brink of a significant financial and regulatory milestone. Following more than two years of reform, the Financial Action Task Force (FATF) has acknowledged that South Africa has substantially completed all required action items to exit the greylist—a development that could restore investor […]
After the Tread: Uitenhage Faces Uncertain Road as Goodyear Shuts Its Doors
After the Tread: Uitenhage Faces Uncertain Road as Goodyear Shuts Its Doors In a move that sent ripples through the South African manufacturing landscape, Goodyear South Africa has announced the closure of its Uitenhage plant, ending nearly 75 years of tyre production in the region. The decision, while positioned as a strategic shift by the […]
SARS Places Trusts Under the Microscope: What This Means for South African Wealth Planning
SARS Places Trusts Under the Microscope: What This Means for South African Wealth Planning The South African Revenue Service (SARS) has intensified its focus on trusts, placing them firmly under the compliance microscope in 2025. This move marks a significant tightening of regulatory scrutiny in the ongoing effort to enhance tax transparency, close loopholes, and […]