Written or reviewed by Jessica Anne Wood
Granting credit through psychometric testing
Credit bureau Compuscan has partnered with UK-based Coremetrix to bring a personality-based credit assessment to South Africa. This new credit assessment method will be used in conjunction with traditional scoring techniques, but will also inclu...
Domestic worker wage increases
The increase for domestic worker wages, effective from 1 December 2016, was announced by the Department of Labour on Monday.
Social grants to see changes?
The Department of Social Development has submitted amendments to the Social Assistance Act for public comment. At a media briefing, Minister of Social Development Bathabile Dlamini, announced the proposed changes to the Act, which include i...
Capitec back on line
Over the weekend, Capitec Bank reportedly suffered a problem with its banking services. According to Fin24, the system issue affected card swiping and ATM services.
Is the R10 social grant increase enough?
The rising cost of living, coupled with the current tough economic environment means that money is not going as far as it once did. While Treasury has seen fit to increase the child support grant to R360, it still begs the question whether or no...
What should stores tell you before opening an account?
Many stores offer consumers the option of opening an account. This access to credit allows you the ability to buy items you otherwise would not have been able to purchase. However, stores still need to carry out affordability assessments, and pr...
Investing in Steinhoff
International discount retailer Steinhoff has made it onto the Bloomberg list of stocks to watch in 2017. Stefan du Toit, stockbroker at PSG Wealth Durbanville, noted that the list contains some of the largest and most followed globally listed companies.
Investment guide to Taste Holdings
Taste Holdings, one of South Africa’s largest quick service restaurant (QSR) franchisors, is reportedly facing financial difficulties, relying on relative new entrant to the market, Starbucks, to help lift it out of the doldrums...
Discovery Life fined by FSB
The Financial Services Board has fined Discovery Life and Regal Financial Services for contraventions to section 3A of the General Code of Conduct for Financial Services Providers. According to a Discovery Life spokesperson, the company has coop...
RABS an affordable alternative to RAF
At a media event in Cape Town today, members of the Road Accident Fund (RAF) highlighted that the current model in unaffordable. The fund has been insolvent since 1981. However, a new system of dealing with road accidents on South Africa’...
Cape Town implements stricter water restrictions
Level 2 water restrictions were implemented in Cape Town on 1 January of this year. With the drought still ongoing and water shortages posing a challenge, the city has recommended the implementation of level 3 restrictions.
Why you will pay for the nuclear deal
Eskom will reportedly be the procurer for the nuclear build programme. However, there are concerns as to whether or not the state owned power entity will be able to fulfil its role. Chris Yelland, energy expert and managing director of...