Category: Business

Last Friday, 27 November 2020, the UIF officially announced a forensic audit into TERS claims. The purpose of the audit is to verify the authenticity of TERS claims and to ensure that employees received the TERS benefits which were applied for by employers during the lockdown. The forensic audit is due to commence in the […]

Consumers are urged to avoid sharing banking information when shopping on third-party platforms As South Africans prepare for Black Friday and Cyber Monday, FNB is encouraging consumers to heed a caution issued by the SARB, PASA and the FSCA on the risks associated with instant EFT payments when shopping online. Instant EFT payments require the […]

Following a year of unprecedented challenges, South African small and medium enterprises (SMEs) appear to have seen a glimmer of light at the end of a long, dark COVID-19 tunnel. This is according to the third quarter 2020 Business Partners Limited SME Index – a quarterly measure of the attitudes and confidence levels of South […]

The JSE and its co-sponsors, Standard Bank, Old Mutual and UBS, successfully hosted the 8th annual South Africa Tomorrow (SAT) Investor conference under the theme Rethink, Recover and Rebuild on 16 – 20 November 2020. Business engaged with investors from across the world to promote South Africa as an investment destination and to drive investment into the country. The five-day […]

As anticipated, the Monetary Policy Committee (MPC) kept the repo rate on hold at its meeting this week. While interest rates have already been reduced by 300 basis point for the year to date, to a near 50-year low of 3.5%, several analysts argued that there was in fact room for a further rate cut […]

Share with your network! South African Reserve Bank Governor, Lesetja Kganyago, announced on Thursday that the repo rate remains unchanged at 3.5%. The bank’s lending rate remains at 7% Share with your network! Tags: repo rate South African Reserve Bank Previous Off-Grid Power Projects Could Modernise South Africa’s Energy Sector

Decentralised power projects, or those that are not tied to the national grid, could play a major role in closing South Africa’s electricity supply gap and modernising its energy sector. The country’s electricity crisis – as reflected by ongoing instances of load-shedding, or planned power cuts – continues to weigh on the economy. The Council […]

Whether you are a person who keeps a low profile or a company in the limelight, anyone can be a victim of identity fraud. Nothing demonstrates this better than the recent marked rise in businesses receiving fraudulent credit applications, according to Christo Snyman, Director at Mazars in South Africa and Vice President of the International […]

From meal delivery services to do-your-own hair kits, South Africans, many of whom found themselves without an income during lockdown, had to innovate in order to survive. As a result, there has been a surge in home grown businesses. Global Entrepreneurship Week, which runs from 16 to 22 November, aims to empower, celebrate, and support […]

Along with many others, we often emphasise the importance of not giving in to your emotions and avoiding making rash, short-term decisions. Yet despite this, plenty of investors still fall prey to their emotions. So, what is the secret that sets successful investors apart from the rest? Investors are often told to take a long-term […]