Category: Business

Figures for the country’s production released this week by Statistics South Africa paint a grim picture of the local mining industry. Production output for the second quarter shrank by 73,1%, the third most affected by the global pandemic, after construction at 76,6% and manufacturing at 74,91%. And this was coming off a relatively low base: […]

The sky is indeed the limit for South Africa’s bold and innovative entrepreneurs, as TikTok – the leading destination for short-form videos – in partnership with The Gritti Fund, the world’s first purpose-driven and happiness-focused investment fund, today launch the innovative and daring Pitch Up in The Sky – the world’s first elevator pitching event of its kind. Pitch […]

The SARB is expected to hold the repo rate next week, despite over a third (36%) of economists on Finder’s repo rate panel calling for a rate cut.  Nine of the eleven panellists (82%) are forecasting a hold and just two (18%) – economist at Rand Merchant Bank, Mpho Molopyane, and professor of economics at […]

Many women who have spent years studying and then working their way up the career ladder will know all too well the feelings of anger and frustration at being openly flirted with by male colleagues, being called “babe” or “sweetie pie”, having their bottoms patted “playfully” as they walk past, having to listen to sexist […]

Crippled by debt and struggling to make ends meet is a fair way to describe life for thousands of South Africans at the moment. In fact, the Reserve Bank has reported that the household debt to income ratio stood at 73.7% for the first quarter of this year. This is a staggeringly high number as […]

Buying a home is one of the best long-term investments most people will ever make. However, taking the first step to make a purchase can sometimes be daunting and even intimidating, more so now with the current unprecedent times we live in. South Africa’s interest rate is at its lowest level in over 50 years, […]

Against the backdrop of severe economic pressure and an unreliable electricity supply, the local uptake of sustainable energy is gaining rapid momentum with solar power, in particular, proving key to unlocking the economic recovery that South Africa so desperately needs. This is according to Manie de Waal, CEO of EP Solar – a division of Energy […]

Latest GDP figures have laid bare the grim reality of COVID-19’s economic effects, revealing an unprecedented 51% decline in economic activity in the second quarter of this year (quarter-on-quarter, seasonally adjusted and annualised). In context, this number is hardly surprising given the impact of the virus and lockdowns on economies around the world. Of far […]

As South Africa continues gradually emerging from the national lockdown, the luxury residential property market is showing promising signs of increasing activity, says Dr Andrew Golding, chief executive of the Pam Golding Property group. Among most recent sales by Pam Golding Properties is a home in Clifton on the Cape’s Atlantic Seaboard purchased ‘sight unseen’ […]

Spring is in the air, and while we get ready to embrace the warm days of summer, we should also brace ourselves for the financial challenges that lie ahead. A new survey conducted by Debt Rescue revealed that 85% of consumers polled said that their financial situation was adversely affected by Covid-19. 45% of respondents […]