South African power prices will rise more than first planned from April to help the state-owned utility recover 7. 8 billion rand ($693 million) of unbudgeted costs, the regulator said. Link: Moneyweb Read more
Press release: For immediate release Date: 25 September 2014 South Africans try to pay off debt as cash crunch continues – BankservAfrica Index The average South African's disposable income has declined for the first time since January, while… Read more
Author: Mike Schussler… Read more
Author: Mike Schusssler… Read more
30 July 2014 BankservAfrica Index: What is happening to South Africa’s middle class? While more South Africans are getting richer, many middle class workers' suburban dreams are being shattered. This is according to the latest BankservAfrica… Read more
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Author: Mike Schussler… Read more
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The new BankservAfrica Disposable Salary Index: Where the data comes fromThe new BankservAfrica Disposable Salary Index (BDSI), launched by Africa’s largest automated clearing house today in Johannesburg, is ideally suited to provide the South African… Read more
Launch of BankservAfrica Disposable Salary Index brings news of economic challengesThe BankservAfrica Disposable Salary Index (BDSI), launched today in Johannesburg, indicates that consumer spending is likely to face further challenges as disposable… Read more
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Author: Mike Schussler… Read more
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Author: Mike Schüssler The one thing that everybody forgets to compare South Africa on is our labour force participation rate. We all read the headline unemployment number or trey to work out the broader unemployment number which includes discourage… Read more
Author: Mike SchüsslerThis is the week of the budget in South Africa and it looks like we're going to head for one trillion Rand government revenue if one includes local government. It's also very likely that we would have a R1. 2 trillion expenditure… Read more
An older presentation of ours that shows how thin the tax base really is and how the super rich strike in South Africa. Turns out that all nice little dreams like the NHI and social security pensions will stay just that - dreamsAttachments:Delightful Read more
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Author: Mike SchüsslerNext week it is that time of the year when we all rush around trying to make sense of a very big fat document and speech the finance minister makes in Parliament. We are looking at the budget and most economists are currently… Read more
Platinum strike putting strain on KwaZulu-Natal economy. Read more
The general sluggishness of the South African economy is affecting KwaZulu-Natal and growth in the province is struggling to gain meaningful momentum. Read more
Source: Moneyweb. co. za “If it's tough out there, you are not alone. A lot of other guys are going through a tough period.”GUGULETHU MFUPHI: Absa launched a new SME Index today, aimed at measuring the current state of small businesses in the… Read more
South African motorists have been warned to brace themselves for another increase in the petrol price in March. Fuel went up by 26 cents a litre on Wednesday, while diesel went up by 30 cents a litre. Over the past week, the rand has weakened… Read more
South Africa’s unemployment rate fell slightly to 24% of its labour force in the fourth quarter of 2010, from 25,3% in the third quarter, with the number of unemployed people decreasing by 259 000 people, a report released on Tuesday showed. The… Read more
Cape Town - More than 20. 4 million workdays were lost last year as a result of strikes. This was more than double those lost in 2007, in what was then regarded as the biggest public service strike in South Africa’s history. In 2007 about 9. 5 million… Read more
Economists and trade unionists have welcomed the drop in the unemployment rate to 24.0% in the fourth quarter from 25.3% in the third quarter as 157000 jobs were created, but the number of economically inactive people rose by 222000, to a record 14. 9… Read more
JSE-listed Adcorp’s latest employment index released on Thursday showed that employment rose slightly by 0,9% in January, compared to the previous month. However, all sectors of the South African economy showed a decline in employment for the month… Read more
But by the end of last year there were 237000 fewer people employed in SA than when Zuma made his promise. Official unemployment reached a high of 25.3% in last year's third quarter. Although unemployment fell to 24% in the fourth quarter, the chances of… Read more
The South African economy is now officially at risk of going into a recession, as the BankservAfrica Economic Transaction Index (BETI) for May has dipped below zero after five months of declines. Read more