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As South Africa struggles to cope with a ballooning deficit on the current account (2012 = -6.3%/GDP from -3.4%/GDP in 2011) and a sticky unemployment level of around 25% (narrow definition) and concomitant labour unrest, the spectre of a continuation in
South Africa needs another source of growth besides shopping.
Consumers have been feeling more of a pinch lately when it comes to allocating their monthly income due to continuous rising costs. According to Jason Garner of Acsis, a leading financial advisory company, the latest petrol and electricity increases will
The Reserve Bank chose to leave the Repo rate unchanged last week, at 5%, which is more or less as the market had predicted. Rates have now been unchanged since July 2012, keeping us in a low-interest rate environment, with all the pros and cons that brin
The strongest deterrent against FSP compliance missteps is or should be: