The Monetary Policy Committee (MPC) of the SA Reserve Bank (SARB) today left the repurchase rate unchanged at 7% per annum.
Amidst worsening unemployment figures and sustained weak domestic demand, South Africa’s fears of having its credit rating downgraded have intensified as they await Moody’s rating review this week and S&P’s review next Friday.
Switzerland and South Africa today signed a joint declaration on the introduction of the automatic exchange of information (AEOI) in tax matters on a reciprocal basis. Both countries intend to start collecting data in accordance with the global AEOI standard in 2018 and to exchange it from 2019 onwards.
With Black Friday upon us, experts have predicted that retailers will see record breaking sales surges this year. Retailers are also warned that the risk of thefts and possible damage could be significantly higher.
Investec gets behind innovative local education platform, SchoolAdvisor, who is making big waves in the education space by helping schools buy better.
Jonathan Schiessl, Chief Investment Officer at Ashburton Investments, is in Mumbai and Delhi meeting company management, government officials and the people who are driving the world’s fastest growing major economy.
The word stokvel is believed to have originated from the term “stock fair” which was used to describe auctions run by English settlers in the 19th century.
Many local entrepreneurial businesses have the potential to thrive under pressure. However, in the midst of a volatile economy small and medium enterprises (SMEs) do require a particular level of certainty to flourish and implement growth strategies.
Investors should remain cautious of the significant rise in bond yields and pay attention to the headlines – real and imagined, warns one of the world’s largest independent financial advisory organisations.
As we rapidly approach the end of 2016, many Stokvel customers will start making plans to withdraw money from various bank branches to hand out among members, or to purchase groceries and other goods in preparation for the festive season.
Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za
