money

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Background

Local

Is apathy the barrier against the Energy Sector? 

By Daanyaal Matthews  In a monumental agreement, the Republic of South Africa and China have signed an agreement that would see the eastern state provide over R500 million worth of investment towards the betterment of the energy sector. However, while this has been welcomed, it has additionally been questioned by many pundits both regarding what the deal would entail, the logistics of how it would be rolled out and the […]

today29 August 2023

Local

President Ramaphosa’s deadline to respond to Section 89 submissions ends on Sunday

President Cyril Ramaphosa has until the end of Sunday to meet the ten-day deadline given to him by the Section 89 Independent Panel of Experts. The Presidency has reiterated that he will meet the deadline of responding to all the submissions made by some National Assembly members. The African Transformation Movement (ATM), Economic Freedom Fighters (EFF) and the United Democratic Movement (UDM) are among the parties that made submissions. Ramaphosa was given a […]

today6 November 2022

News

Hanover Park residents divided over ‘false claims’ made by ward councillor

Following, alleged false allegations made on radio by the Hanover Park ward councillor, Antonio Van Der Rheede, several community members took to the streets on Wednesday morning to voice their dissatisfaction. Residents have accused Van Der Rheede of ongoing favoritism and manipulation within the poverty stricken community. “He is using money to divide our community. We aren’t mad at each other. We are neighbors, friends and even family but we […]

today19 November 2020

Local

Here’s how much money the average person in South Africa owes on their credit card

Credit reporting agency TransUnion has published its Consumer Credit Trends report for 2020, detailing how the country’s coronavirus lockdown has impacted the finances of the average South African citizen. With a fall in GDP and the associated rise in unemployment, consumers have had to prioritise their personal finances to cope with the dramatic effects of the pandemic, TransUnion said. “As the crisis progressed, the number of consumers seeking credit—observed by […]

today4 October 2020

News

Raised eyebrows from economists at Stats SA survey result

President Cyril Ramaphosa has urged all South Africans to work towards a speedy economic recovery. This plea came after 2.2 million jobs were lost nationwide in the second quarter of 2020. The president responded to the data released by Stats SA, which revealed that the country’s unemployment rate fell to 23.3% in the second quarter from 30.1% in the first quarter due to fewer people ‘looking’ for work amid the […]

today1 October 2020

News

SAHUC slams sour critics on R5million surplus

The South African Hajj and Umrah Council has released its audited financial statements for 2019-2020, which shows it has a surplus of over R5 million. This is an increase of R465 000 compared to last year. Sahuc's financial income, until March 2020, was released during its annual general meeting held in Johannesburg on Sunday. However, after raised-eyebrows from the public, SAHUC President Shaheen Essop cleared the air and ensured the […]

today28 September 2020

International News

West Bank poverty may double over pandemic: World Bank

Poverty in the occupied West Bank may double as Palestinians are hammered by the economic fallout of the coronavirus pandemic, the World Bank warned on Monday. The Palestinian territories have seen low infection rates after authorities acted quickly to curtail the spread of COVID-19, with three deaths from 450 cases registered among some five million residents in the Gaza Strip and the illegally occupied West Bank. But the Palestinian Authority's […]

today1 June 2020

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