Naspers hit by weaker Tencent performance, expects profits by 2025
Core headline earnings were down by nearly half as Tencent counts the cost of Covid-19 lockdowns and new regulations in China. From Moneyweb. Naspers says […]
Institutions’ newfound love of Bitcoin pushes it past $30k
Trading volumes on SA exchanges surge. From Moneyweb. Bitcoin’s price surged 20% in the past week, pushing it past $30 000 on Wednesday – and […]
South Africans among world’s most indebted, but get little joy in court
They lack sufficient legal protection against lending and debt collection abuses. From Moneyweb. South Africans are among the most indebted people in the world, with […]
Two thirds of account disputes settled in favour of consumers – Credit Ombud
Consumer awareness is improving, but it is clear there are areas that need improving. From Moneyweb. For a relatively small office, the Credit Ombud had […]
The upstarts challenging banks in the forex market
Thought to be worth R15bn a year in profits to the major banks, it’s a market that is begging for disruption – and several new […]
Zimbabweans in SA left dangling for another six months
There is a perception that foreign nationals are being scapegoated for SA’s many ills. From Moneyweb. The latest six month extension of the Zimbabwean Exemption […]
Another 6-month extension for Zimbabwean Exemption Permit holders
Home Affairs says more than 1 000 applications are being received daily. From Moneyweb. The Department of Home Affairs has announced a further six-month reprieve, […]
SA mining barely recognisable from what it was 20 years ago
The market cap of the Top 40 miners has trebled in 20 years, while a third of the Top 40 miners from two decades ago […]
Is NHI the straw that will break Treasury’s back?
It’s not clear how it will be funded, besides opportunities for massive corruption. Either way, the NHI Bill is headed for the courts. From Moneyweb. […]
Few municipalities will qualify for Eskom debt write-off – Ratings Afrika
Municipal Debt Relief plan to reduce the R56bn municipalities owe Eskom could end up a damp squib. From Moneyweb. Few, if any, municipalities in default […]