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Industry News

04 Mar 2020

The myths around disabilities

Someone is nine times more likely to experience a temporary disability than to have a car stolen
03 Mar 2020

Worse-than-expected GDP data highlights damage done by load-shedding

The worse-than-expected GDP data for 4Q 2019 confirm that not only did the SA economy experience a ‘technical recession’ in 2H 2019 but that growth in 2019 as a whole was only 0.2%.

03 Mar 2020

Financial Markets Review released

National Treasury (NT), the South African Reserve Bank (SARB) and the Financial Sector Conduct Authority (FSCA) have released the Financial Markets Review (final report), which provides recommendations for conduct practices in domestic over-the-counter fixed income, currency, commodities and derivatives financial markets.
03 Mar 2020

Recession arrives ahead of COVID-19 panic

Statistics South Africa (StatsSA) reported on March 3 that the South African economy slipped into recession during the second half of 2019.

03 Mar 2020

Economy officially in the midst of technical recession

The South African economy suffered a further slowdown in the fourth quarter of 2019, shrinking 1.4% compared to the prior quarter.
03 Mar 2020

Investors eye opportunities as central banks discuss coronavirus action

Global investors are taking advantage of buying opportunities ahead of policymakers looking to take more coordinated action on propping up economies due to the negative impact of the ongoing coronavirus outbreak.
03 Mar 2020

SA in technical recession

South Africa’s gross domestic product (GDP) decreased by 1,4% in the fourth quarter of 2019, Statistics SA said this morning. The transport, storage and communication industry decreased by 7,2% and contributed -0,6 of a percentage point to GDP growth.
03 Mar 2020

Satrix moves R6bn investment plan to online platform

The Satrix Investment Plan, launched in 2006, has been moved to SatrixNOW. Effective 1 March 2020, more than 50 000 Satrix Investment Plan clients have their accounts online at SatrixNOW.co.za, which is administered by EasyEquities and uses the technology of the Easy platform.
03 Mar 2020

Petrol and diesel price decrease bring relief to farmers

The latest drop in the fuel and diesel prices of 19c and 55c a litre, respectively, as a result of lower oil prices on the back off the coronavirus, will provide relief for farmers.

03 Mar 2020

Decent Budget 2020 but scary backdrop

This year’s Budget Speech occurred against the backdrop of a deep and sustained global equity sell-off as investors reacted to the rapid spread of the COVID-19 coronavirus worldwide.

Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za