Old Mutual says South Africans are increasingly using the two-pot retirement system for discretionary spending, a trend that could seriously undermine long-term retirement savings.

Semigration and lifestyle demand are driving South Africans to smaller towns along the Garden Route, with four towns seeing rising building activity and growing buyer demand.

Building activity is surging across the Garden Route as strong demand from semigrants, investors, retirees and younger buyers drives rapid residential development and rising property prices.

Eskom’s shift away from historic cost-plus coal contracts to open the market for new suppliers has made it a price taker, contributing to higher electricity production costs.

A previously abandoned and hijacked Johannesburg CBD building has been redeveloped into a fully let, affordable student accommodation complex.

Trellidor CEO Terry Dennison will step down at the end of June after nearly three decades with the company.

Uber is raising its holding in Germany’s Delivery Hero, buying a stake from its European rival’s biggest shareholder for €270 million (R5.2 billion). 

The Public Investment Corporation charges very low management fees, which ensures that a greater share of investment returns go to its members, government employees.

The City of Cape Town has proposed new amendments to its Rates Policy, including a letting bylaw aimed at the city’s booming short-term rental market.

South African Reserve Bank Governor Lesetja Kganyago said the Iran war’s impact on oil prices has validated wariness over inflation, without giving a clear signal on what that means for interest rates.

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South Africa’s governments have failed to complete the socio-economic transformation promised after 1994, the country’s new ambassador to the United States, Roelf Meyer, says.

Goldman Sachs this week became the latest major Wall Street firm to file for a Bitcoin ETF – joining a growing roster of institutions racing to package cryptocurrencies for mainstream investors. 

PSG Financial Services has an impressive track record, with strong growth across its metrics for the past decade. Here’s what the firm does differently.

The opening of The Capital Boardwalk, a new 145-room aparthotel and entertainment hub, marks a major boost to tourism, business travel and job creation in Gqeberha.

South Africa’s Biovac Institute won funding from the European Investment Bank and the International Finance Corporation to expand its vaccine facility in Cape Town that will be the continent’s biggest once completed. 

SARS is ramping up enforcement on its R500 billion tax debt book through urgent demands and shortening deadlines, leaving taxpayers exposed to escalating penalties, civil judgments, and possible prosecution.

Two of South Africa’s major labour unions have accepted state power utility Eskom’s 7% wage increase offer, while a third has rejected it and declared a deadlock, demanding a higher raise.

South Africa’s refining capacity has halved since 2020, leaving just three operational facilities that are now crucial for maintaining fuel supply security.

The economic shock from the US–Israel conflict is likely to affect South Africa for up to two years, as higher oil prices, disrupted insurance markets, and uncertainty risk entrenching inflation across the economy.

South Africa has enough fiscal space to extend a fuel-tax cut by two months to cushion consumers from an oil shock triggered by the Iran war, Citigroup said.