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  • Sun, December 15, 2024

by: businesstech.co.za
in: Business and Finance

Allan Gray festive season warning for South Africa

South Africans tend to become less vigilant during the festive season, making the life of fraudsters far easier when targeting unsuspecting victims. Personal information is valuable, but we are often required to disclose our details frequently to access our bank accounts and investments.
  • Sat, December 14, 2024

by: businesstech.co.za
in: Business and Finance

The taxman is not going anywhere this festive season

As South Africans prepare to close the year, the South African Revenue Service (SARS) is turning up the heat on tax evaders. This is the heads-up given from Tax Consulting SA, who said that the recent search-and-seizure operation of Shauwn Mkhize and others sends a stern message: "SARS is watching, and it will act."
  • Fri, December 13, 2024

by: businesstech.co.za
in: Business and Finance

Godongwana lays out South Africa's G20 ambitions

South Africa's G20 Presidency focuses largely on Africa and the Global South, advancing economic development and debt sustainability.
  • Thu, December 12, 2024

by: businesstech.co.za
in: Business and Finance

Finance companies in South Africa slapped with R1.8 million in fines

The Financial Sector Conduct Authority has slapped two financial firms for failing to fully comply with provisions of the FIC Act.

by: businesstech.co.za
in: Business and Finance

Trouble brewing at SA's borders, and big step forward for rail in Cape Town

Here's what is happening in and affecting South Africa today:
  • Tue, December 10, 2024

by: businesstech.co.za
in: Business and Finance

Business Talk - DBSA executive Mpho Mokwele unpacks the key takeaways from COP29

Mpho Mokwele is Group Executive for the Transaction Division of the Development Bank of Southern Africa, and has been instrumental in leading the bank's renewable energy investments.

by: businesstech.co.za
in: Business and Finance

Power your farm's future: Access grants, finance and expert guidance for solar power

Standard Bank's PowerPulse has entered a pilot partnership with The Land Bank, which has been tasked with distributing the R1.2 billion Agro Energy Fund (AEF) to qualifying agricultural businesses, to help them fund the purchase of capital equipment and infrastructure for alternative energy sources directly linked to energy-intensive farming operations.
  • Mon, December 9, 2024

by: businesstech.co.za
in: Business and Finance

Business Talk - Standard Bank's Amish Shunker and Justin Milo on South Africa's role as an intra-African trade leader

In this Business Talk with Michael Avery interview, Standard Bank's Amish Shunker and Justin Milo discuss intra-African trade and its impact on South Africa. Shunker is the Head of the Solutions Structuring Group and Head of Trade for Africa at Standard Bank CIB.
  • Sun, December 8, 2024

by: businesstech.co.za
in: Business and Finance

A new type of mafia is targeting your bank account in South Africa

A new wave of fraud, orchestrated by international criminal syndicates, is targeting South African bank accounts.

by: businesstech.co.za
in: Business and Finance

4 banks call it quits in South Africa in 2024

BNP Paribas, HSBC, Sasfin Bank and Bidvest Bank have all announced massive changes to their South African operations in 2024. French-based BNP Paribas was the first bank of the four to announce changes to its South African operations, with it no longer operating as a bank in South Africa.
  • Fri, December 6, 2024

by: businesstech.co.za
in: Business and Finance

New currency for South Africa, Russia and China bites the dust

Following threats from Donald Trump of retaliation, South Africa and now India have quickly moved to dismiss the very notion of a new BRICS currency.

by: businesstech.co.za
in: Business and Finance

Eskom to sell R5.7 billion business

Eskom, on the other hand, needs to raise revenue, with the sale of its home loan business a condition of the government's R254 billion bailout package for the state-owned entity. Eskom has recently proposed a revenue and price increase of 66% over the next three years, which equates to:

Allan Gray festive season warning for South Africa

South Africans tend to become less vigilant during the festive season, making the life of fraudsters far easier when targeting unsuspecting victims. Personal information is valuable, but we are often required to disclose our details frequently to access our bank accounts and investments.
Allan Gray, a prominent investment management firm in South Africa, has issued a festive season warning regarding the financial implications of holiday spending. The article from BusinessTech highlights that Allan Gray advises South Africans to be cautious with their expenditures during the festive period due to the ongoing economic challenges like high inflation, rising interest rates, and a volatile rand. The firm emphasizes the importance of budgeting and avoiding unnecessary debt, especially through credit cards or short-term loans, which could lead to financial strain in the new year. They suggest setting spending limits, prioritizing essential purchases, and considering the long-term financial impact of holiday spending. Allan Gray also recommends saving throughout the year for holiday expenses to mitigate the need for borrowing. The overarching message is one of financial prudence to ensure that the joy of the festive season does not lead to financial distress in the months following.

Read the Full businesstech.co.za Article at:
https://businesstech.co.za/news/finance/800883/allan-gray-festive-season-warning-for-south-africa/

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