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Contactless payments on the rise

Contactless payments on the rise

28 September 2016 · Jessica Anne Wood

The use of contactless payment methods is on the rise. This is according to First National Bank (FNB) who have been issuing contactless enabled cards since May 2015 and there are already over 1 million cards on the market.

Tax incentives extended

Tax incentives extended

27 September 2016 · Jessica Anne Wood

National Treasury and the South African Revenue Service (SARS) have released a revised 2016 Draft Taxation Laws Amendment Bill for public comment. The Employment Tax Incentive (ETI) was set to expire on 31 December 2016, while the learnership ta...

Is Cyril Ramaphosa preparing to run for president?

Is Cyril Ramaphosa preparing to run for president?

25 September 2016 · Jessica Anne Wood

Deputy President Cyril Ramaphosa has disposed of all investments, excluding his property portfolio, with the sale of McDonald’s South Africa to Emirates-based MSA Holdings. Many believe this could mark his intent to run for president.

11% Increase for Momentum medical scheme members for 2017

11% Increase for Momentum medical scheme members for 2017

25 September 2016 · Jessica Anne Wood

Medical aid fee contributions will increase by 11% on average for Momentum Health customers in 2017 but there will be no benefit reductions, as well as no structural changes or reductions in savings.

Uber upgrades safety features

Uber upgrades safety features

25 September 2016 · Alina Hardcastle

After numerous safety concerns, the ridesharing app, Uber, has announced that they are undergoing numerous security updates to ensure the safety of both passengers and drivers.

NSFAS to pilot new funding model in 2017

NSFAS to pilot new funding model in 2017

25 September 2016 · Danielle van Wyk

NSFAS announced the piloting of their new funding model for 2017, with the focus on the missing middle. 

Discovery releases 2017 fees

Discovery releases 2017 fees

22 September 2016 · Jessica Anne Wood

Discovery Health Medical Scheme has released its fees for 2017. The new fees come into effect on 1 January 2017. Medical aid fees for the scheme will increase between 10 and 15%, this falls within the estimated industry increase of 10 and 20%.

Sasfin financial results a mixed basket

Sasfin financial results a mixed basket

22 September 2016 · Jessica Anne Wood

While on the whole Sasfin Holding Limits released positive results, there were areas that experienced decreases. Sasfin released its financial results for the year ended June 2016 earlier this week.

Consumers struggling with mortgage repayments

Consumers struggling with mortgage repayments

22 September 2016 · Jessica Anne Wood

Information released by credit bureau Compuscan revealed that during the second quarter of 2016 (Q2 2016) more people are struggling to make ends meet. This is not only limited to lower income households, but higher income earners as well. This ...

Biometric authentication may not be safe

Biometric authentication may not be safe

22 September 2016 · Jessica Anne Wood

A recent Kaspersky Lab report found that at least 12 sellers in the cybercrime world are already offering skimmers capable of stealing victims’ fingerprints.

Repo rate pause continues

Repo rate pause continues

22 September 2016 · Danielle van Wyk

Economists and citizens alike released a sigh of relief as the SARB governor, Lesego Kganyago, announced the decision to keep the repo rate at seven percent.

Treasury responds to 2017 fee adjustment announcement

Treasury responds to 2017 fee adjustment announcement

21 September 2016 · Danielle van Wyk

Treasury and Opposition parties respond to the 2017 university fees adjustment announcement. 

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