A new credit utilisation survey has shown a growing dependency as consumers buckle under the pressure of the higher cost of living. This is contained in payday lender Wonga’s survey, where 85% of the 12 000 respondents actively use credit. The drivers behind this borrowing paint a complex picture of vulnerability, resilience and untapped economic potential….
Ministers from across the globe gather for the G20 Compact with Africa (CwA) side event at the G20 Fourth Finance and Central Bank Deputies Meeting in Durban on 16 July 2025. G20 finance ministers and central bank governors wrapped up the third finance track meeting, issuing a communique that highlights the complex challenges the world…
FlySafair on a run way FlySafair pilots are set to go on strike for 14 days from Monday, 21 July. This, after giving a notice to strike to the employer, following a deadlock in wage discussions. Trade union Solidarity confirmed this to SABC News. Initially, they had planned to strike for one day on Monday…
FILE | A woman walks at the Cape Town International Convention Centre during the G20 Finance Ministers meeting in Cape Town, South Africa Finance leaders from the Group of Twenty (G20) countries agreed a final communique on Friday that stressed the importance of central bank independence following a two-day meeting in Durban, South Africa. “Central…
Drone view of cars, ready to be loaded onto a ship The automotive sector in the Eastern Cape (EC) is concerned about the planned 30% on South African exports to America as ordered by US President Donald Trump. The proposed tariff is expected to come into force on the 1st of August, combined with the…
A branch of the VBS Mutual Bank. Three people, including two former senior officials at the Lepelle-Nkumpi Local Municipality and a businessman, are expected to appear in the Polokwane Special Commercial Court in Limpopo today. Their appearance is in connection with the alleged corruption related to the VBS Mutual Bank scandal. Former municipal manager Thabo…
FlySafair airline Trade union Solidarity has threatened a strike action at local and regional airline, FlySafair over wages. This following a move to rope in the CCMA to facilitate wage talks at the airline that have been ongoing for three months, leading to a deadlock. Solidarity is the largest union at FlySafair with demands that…
Gautrain at a station Trade union NUMSA has confirmed that it has signed a wage deal with the Bombela Operating Company, which runs the Gautrain. The union had threatened the possibility of workers striking at the Gautrain commuter rail service earlier this month, after being issued with a certificate to strike by the CCMA. The…
FATF flag The Financial Action Task Force (FATF) President Eliza De Anda Madrazo says they have recognized South Africa’s efforts in addressing deficiencies in anti-money laundering and counter terrorism regulations. De Anda Madrazo says the task force will have its annual plenary visits to South Africa in August to assess the country’s progress with its…
Ministers from across the globe gather for the G20 Compact with Africa (CwA) side event at the G20 Fourth Finance and Central Bank Deputies Meeting in Durban on 16 July 2025. Finance Minister Enoch Godogwana says the Compact with Africa initiative, which was launched in 2017 under the chairmanship of South Africa, has grown into…
