South Africans are drowning in debt and need to be cautious about their spending over the festive season, the National Credit Regulator (NCR) said on Wednesday, 4 December 2013.
5 Dec 2013 11:00
The biggest obstacle to making a mobile phone a wallet has always been the sheer complexity of electronic transactions. However, new technology is bringing this dream closer to reality.
By Howard Moodycliffe 3 Dec 2013 14:08
Sanlam and short-term insurer Santam will work together in emerging markets as the group expands into the rest of Africa‚ and South-east Asia.
By Gillian Jones 13 Dec 2013 09:59
Measured in real terms (constant 2012 prices)‚ wholesale trade sales increased by 6.0% year-on-year in October after a revised 8.4% (8.3%) rise in September‚ data released by Stats SA on Thursday (12 December) showed.
13 Dec 2013 06:22
The latest retail sales data suggest a poor festive season for most households as the level of debt remains high while finances have deteriorated further.
By Maarten Mittner 12 Dec 2013 06:58
Since the global recession, spending behaviour has gone through various transitions, the consumer has become more and more budget savvy. Could it be that desperate times do indeed call for desperate measures?
By Tralone Khoza 10 Dec 2013 11:40
Cabinet has approved measures that it said were aimed at assisting over-indebted households and strengthening their financial stability.
By Linda Ensor 9 Dec 2013 12:53
Credit ratings agency Moody's has confirmed the South African National Roads Agency Limited's (Sanral) issuer ratings of Baa3/P-3 (global scale‚ local and foreign currency) and of A3.za (South African national scale) as well as the short-term issuer rating of P-2.za was affirmed. At the same time‚ Moody´s assigned a negative outlook.
9 Dec 2013 07:48
Spaza shops in the townships are more expensive than shops owned by foreigners and large retail shops, the National African Federated Chamber of Commerce and Industry (Nafcoc) said on Thursday (5 December).
6 Dec 2013 10:57
Almost half of South Africa's 20.29m credit-active consumers are struggling to meet their debt repayments‚ National Credit Regulator (NCR) figures showed‚ reflecting the negative effect of high debt levels and a rising cost of living.
By Ntsakisi Maswanganyi 5 Dec 2013 11:50
Rand Merchant Bank (RMB) will jointly fund a major US$182m A-grade office development in Lagos‚ Nigeria‚ the bank said on Wednesday (4 December).
5 Dec 2013 10:17
The Protection of Personal Information (POPI) Act was signed into law by President Jacob Zuma last week and once the commencement date is proclaimed‚ companies will have a year to become fully compliant with the Act or face criminal sanctions and civil damages.
By Amanda Visser 4 Dec 2013 06:48
Five east African countries have signed a protocol to establish a monetary union, in a first step towards creating a single, common currency.
2 Dec 2013 10:59
Cell C has entered into an agreement that will result in the launch of a mobile virtual network enabler (MVNE) to create a platform for new entrants in the cellphone industry.
By Thabiso Mochiko 29 Nov 2013 07:42
Receive free email newsletter
Tell a friend about us