The Netherlands, 11 October 2019: Business Partners Limited was named Gold winner in the SME Bank of the Year – Africa category at the Global SME Finance Forum Awards on October 7. Business Partners Limited – one of Africa’s leading business loan and equity providers – has successfully developed one of the world’s most innovative…
Press statement 04 December 2018 – The South African Reserve Bank (SARB) is pleased to announce a partnership with the University of Cape Town (UCT) to host the Research Chair in Financial Stability Studies. Professor Co-Pierre Georg will chair the portfolio, which will be housed within the African Institute of Financial Markets and Risk Management,…
Its always important to know what the other countries in Africa are doing and their outlook regarding RSA and the Sub Sahara Economic outlook. This has an impact on your business. Please find the IMF Sub Saharan Africa – Regional Economic Outlook report below, for your information and reference. Please read and offer comment and…
Kindly note the following link regarding preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), for your information and reference. Comments are welcome. https://www.imf.org/en/News/Articles/2018/11/16/ms111918-south-africa-staff-concluding-statement-of-an-imf-staff-visit
Here is the 9th issue of Fair Play, Office of the Tax Ombud’s external newsletter which aims to keep you updated with pertinent and latest developments in the OTO and in the tax recourse sphere. This latest issue of Fair Play is themed “You have the right to be treated fairly by SARS” and it provides insights…
Tactical view: We still look for a pull-back in the rand from these overextended levels, closer to the R14.50- 14.20 region. Strategic view: We believe tighter global financial conditions are negative for the carry-trade, leaving the rand vulnerable. Read the report below (If you don’t see the document, please try refreshing your browser)
From Fin24: 5 Reasons Why Moodys Gave SA a Ratings Breather Mar 24 2018 09:17 Tehillah Niselow Johannesburg – In a late night ratings review, Moody’s Investor Services affirmed South Africa’s long term foreign and local currency debt ratings at ‘Baa3’ and revised the outlook to stable from negative. This ended three months of the country…
Key points S&P Global has downgraded the South African long‐term local currency sovereign credit rating to subinvestment grade BB+ (stable outlook) from BBB‐ and the long‐term foreign currency sovereign credit rating to BB (stable outlook) from BB‐. This followed the earlier foreign currency debt downgrade to junk status in April. Moody’s has left its equivalent…
Date: 25 October 2017 The Medium-Term Budget Policy Statement (MTBPS) delivered by Finance Minister Malusi Gigaba, today, is an honest reflection of the grave state of our public finances but lacks sufficient detail to bring confidence and greater certainty to the economy, Business Unity South Africa said today. “We welcome the acknowledgement by the Minister…
The South African Reserve Bank invites you to the Financial Stability Forum that coincides with the release of the latest Financial Stability Review. Kindly complete the attached form and RSVP toSharlay.Madalane@resbank.co.za by Wednesday, 1 November 2017.
FCCI & RCCI are hosting an engagement session with SEFA (the Small Enterprise Finance Agency) on Thursday 31st August 2017. The aim of the session is to engage the Gauteng Business Community and to open lines of communication. A wealth of information will be shared on how business owners can raise their business profile and…
If you lived in New York, you’d be paying $7.95 – R100.43 – for a loaf of bread, according to the Worldwide Cost of Living report recently released by The Economist Intelligence Unit. However, petrol would be costing you only $0.61, or R7.70 per litre. The report explores the cities with highest and lowest cost…
The head of EY’s Africa tax practice has called for the finance minister to be bold and increase the Value Added Tax (VAT) rate by two percentage points in February’s budget, arguing that some large companies have long been readying themselves for the costly exercise of changing systems to accommodate a higher rate. Africa tax…
Please find below the Statement from the Reserve Bank Governor regarding the Monetary Policy Committee deliberations. Points to note are: The Repo rate remains unchanged at 7% The prime lending rate also be unchanged at 10.5% Headline inflation is expected to average 6.2% in 2017, compared with a previous forecast of a 5.8%
FINAL REMINDER LIMITED SPACE BOOK NOW 4th NOVEMBER FREE Do you know how your pricing strategy affects the success of your business? A 1% price increase could typically deliver an 11% impact on profit. We invite you to join us for a session on key pricing techniques for your business by Viresh Harduth – Former…
Media Statement 26 October 2016 The South African Chamber of Commerce and Industry (SACCI) Response To The MTBPS The South African Chamber of Commerce and industry (SACCI) welcomes the announcement of the Medium-Term Budget Policy Statement (MTBPS) delivered by the Honourable Minister of Finance Mr. Pravin Gordhan, MP. We note with…
Pravin Gordhan’s full Mini Budget speech. Despite all the turbulence, Gordhan is continuing to do an excellent job. Look out for fresh info on the Nuclear Project – and Gordhan’s swipe at Eskom’s Brian Molefe on Renewable Energy which he supports as a sound programme “despite the views of some”. A great read especially if…
An investigation by Dutch developer Willem de Groot revealed that a host of online stores have been compromised and are stealing users’ credit card details. De Groot says hackers gained access to the source code using unpatched security flaws. Once a store is under control of a cybercriminal, a JavaScript wiretap is installed that funnels…
Do you struggle to find the funding needed to meet your skills development targets under the new BBBEE codes? If so, take advantage of SETA funding that is now available to develop your own staff, interns and unemployed learners. We can assist you to access additional funds to: Up to R36 000 of grant funding…
“State of the economy both local and international.Detail will include Brexit and the future” By Mohammed Yassen Join the Randburg Chamber of Commerce and Our Corporate Sponsor Nedbank “State of the economy both local and international, including Brexit & the future” Mohammed currently heads the Global Markets and…
Overview US: Preliminary US durable goods orders for May fell by 2.2% over the month from a gain of 3.3%, significantly below consensus expectations. Sentiment indices for June were also lower across the board. This continues to point toward a sluggish secondary sector of the economy which will now be impacted further by a stronger…
On 22 March the South African Reserve Bank issued its Composite Business Cycle Indicators for South Africa Interesting to note how the SARB report mirrors that of the SACCI BCI. Read more…………… Composite Business Cycle Indicators – March 2016
Old Mutual to reduce shareholding in Nedbank over time but its business as usual On Friday March 11, Old Mutual PLC Chief Executive, Bruce Hemphill announced that Old Mutual, a 54% shareholder in Nedbank, would be reducing their controlling stake in Nedbank over time to a strategic minority shareholding as part of their new strategy….
The MEC for Finance, Ms Barbara Creecy invites you to attend the Gauteng budget speech 2016. The requested RSVP the 07th March 2016 by close of business
Recently, and even in the not so far past, the world has been going through an economic crisis and consumers have been adversely affected financially because of the volatile and unstable economy. One cannot help but wonder what will be a sustainable way to avert and to save humanity from the constant threat of economic…