The World Bank on Tuesday lowered its growth forecast for the world economy to only 1% in 2009 due to the impacts of the global financial crisis. 12 Nov 2008
For years, South African bank customers have complained of high bank charges. Now it seems customers in the UK will also begin to feel the pinch - and they could end up paying for services they presently enjoy for free. 12 Nov 2008
Credit agencies have lost integrity in the midst of the ongoing global financial crisis and in an attempt to regain credibility, they have downgraded many emerging markets from stable to negative. 11 Nov 2008
The South African Reserve Bank's Monetary Policy Review (MPR), released on Tuesday highlighted that price increases in food and oil, coupled with a fluctuating exchange rate has dominated the economy in 2008. 6 Nov 2008
USA: The financial services industry is finding creative ways to deal with the economic downturn - keeping customers loyal by offering them a valuable education that will help their businesses. The desired result is that both parties survive and grow together. 3 Nov 2008
With an economic growth rate of 6.4% between 2006 and 2008, Johannesburg remains one of South Africa's most important economic hubs in terms of investment, business and construction. 30 Oct 2008
Today's increasingly competitive marketplace elevates the importance of an efficient sales strategy that meets the demands of current and future policyholder. 30 Oct 2008
First National Bank (FNB) Credit Card - together with its advertising agency Action Ambro's - has won Silver in the prestigious International Echo Award in Las Vegas, Nevada, for its Credit Card Debt Repair campaign. 28 Oct 2008
New research just released in the United States finds that despite their financial problems, American consumers, generally, still have confidence in their banks. But they're not so sure about the officials in their capital. 24 Oct 2008
The Rand continues to be under severe pressure amid global market turmoil, as it reached its worst bid of R11.82 per dollar on Wednesday - its worst level since March 2002. 23 Oct 2008
Europe, one area of focus of this report, is a major trading partner with South Africa and the rest of Africa. This is the World Economic Forum's latest report focuses on how financial turmoil will affect the real economy. 23 Oct 2008
Business Unity South Africa (Busa) has welcomed the overall thrust of the mid-term budget policy statement (MTBPS) - or so-called mini budget - presented in Parliament yesterday, 21 October, and says it shares the realistic assessment of the economic outlook given by the Minister of Finance, Trevor Manuel. 22 Oct 2008
The Consumer Price Index (CPI) basket, which initially excluded interest on mortgage bonds, is to be replaced by a component of the CPI with "owners' equivalent rent" instead. 22 Oct 2008
The insurance industry is facing difficult times but the sector is not undergoing a systemic crisis, due to regulations and sound portfolio management by the majority of players. 22 Oct 2008
With the world economy in trouble and the Rand suffering some of its biggest loses in recent years, South Africans will be waiting anxiously to see what the Mid-Term Budget holds. 21 Oct 2008
According to the International Monetary Fund, the present economic crisis is on such a scale that even advanced economies are expected to go through a period of extremely sluggish growth or contraction in 2008 and the first half of 2009, and experience only a modest upturn in the latter part of the year. 20 Oct 2008
As fears of a global recession sets in, international investors are withdrawing funds from emerging markets. 17 Oct 2008
South Africa has come out tops in Africa and is 15th in the world rankings in the World Economic Forum survey of banking systems. 17 Oct 2008
Consumers should continue to be cautious with their spending despite global markets stabilising and Wall Street registering its highest gains in a single day since the darkest days of the Great Depression. 16 Oct 2008
The current economic crunch calls for a shift in thinking on the part of financial services providers in terms of how they respond to consumer debt, says Terry Kier, Managing Director, OriginEight Financial Services. South Africans, he says, are on average spending 80% of their disposable income on debt, with the average consumer owing to eight credit providers at any one time. 16 Oct 2008
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