Reserve bank keeps repo rate unchanged

The Reserve Bank's Monetary Policy Committee [MPC] has kept the repo rate unchanged at 5% as expected by the market. 23 May 2013 17:11

Cars sales - dealers' confidence falls

[Alexander Parker] Vehicle dealers' confidence dipped in the second quarter‚ WesBank's quarterly vehicle sales confidence indicator showed on Wednesday (22 May). 23 May 2013 09:01

Mr Price pays dividend of 398c a share

Retailer Mr Price on Wednesday (22 May) reported a 26% rise in diluted headline earnings per share to 584.8c - up from 464.5c in the previous year - for the 52 weeks ending in March. 23 May 2013 08:02

Synergies required to sell Guardrisk

[Edward West] Alexander Forbes Equity Holdings subsidiary Guardrisk Holdings was "a gem of a business" and offers for the insurer would only be considered if there were synergies and they would leave Guardrisk in a better position‚ Alexander Forbes' chief executive Edward Kieswetter said on Tuesday (21 May). 22 May 2013 10:40

Bad debts may hurt credit retailers

Credit retailers' share prices came under varying degrees of pressure in the wake of African Bank's warning over soaring bad debts. This has brought into focus the potential of credit retailers being vulnerable to higher levels of bad debt among borrowers. 20 May 2013 07:17

Carry multiple currencies on Absa Cash Passport

Absa has launched a multi-currency Cash Passport that enables South Africans to carry multiple foreign currencies safely on just one card. Representing the future of travel prepaid cards; it allows cardholders to load multiple currencies on the same card with the global reach of MasterCard, accessing 35.9 million locations worldwide. 16 May 2013 10:08

Time to unlock Africa's travel potential

The South African Tourism Indaba should expand its platform by attracting even more exhibitors and buyers from the African continent, Tourism Minister Marthinus Van Schalkwyk said on Sunday (12 May). 14 May 2013 11:56

Online services increase house sales

Property purchasing in South Africa is being driven by a younger generation that relies on the Internet for information, bond originator ooba said on Monday (13 May). 14 May 2013 11:40

Consumers worried about money

[Ntsakisi Maswanganyi] Consumers continued to feel financially exposed in the first quarter of this year amid the rising cost of living and inflation‚ the latest Consumer Financial Vulnerability Index released on Tuesday (7 May) showed. The index is compiled by Unisa's Bureau of Market Research (BMR) and sponsored by MBD Credit Solutions. 8 May 2013 09:40

Taxes, medical aids injure take-home pay

Increases in taxes and administered costs including medical insurance have placed the disposable income of low- to middle-income earners in SA under significant pressure over the past few years‚ the latest United Association of SA (UASA) employment report show. 7 May 2013 11:43

Calls for yet another credit amnesty

[Helmo Preuss] Credit information services company Experian SA found that more than 2-million South Africans could be affected by a proposed credit information amnesty that seeks to provide relief to indebted consumers and improve their access to credit. 7 May 2013 09:55

SA Express also wants a bail-out

[Linda Ensor] SA Express was finalising the framework for a state guarantee of R539m which was required to meet the requirements of its debt covenants with its funders‚ the regional airline's chairman Andile Mabizela told Parliament's public enterprises committee Tuesday (30 April). 3 May 2013 10:43

Cars sales shoot up 19.5% in April

[Alistair Anderson] New vehicle sales jumped 19.5% in April compared with the same month last year‚ beating expectations. A Bloomberg consensus of economists had expected 2.7% growth. 3 May 2013 07:50