Legal precedent set as Odendaal’s assets forfeited in Steinhoff fraud battle

The SARB has forfeited to the state cash totalling R42m from Berdine Odendaal’s bank accounts, as well as her R18m property in Paarl’s Val de Vie estate.

Global economic outlook hangs in the balance amidst geopolitical uncertainty

Momentum Investments’ Market and Economic Outlook – January 2024 highlights worldwide elections, geopolitical tensions, and South Africa’s challenges.

SA at risk of becoming a failed state if the economy isn’t turned around soon’

Incoming Nedbank chairperson says ‘we are already on borrowed time’.

Grey-listing: what are the implications for the financial sector and the greater economy?

It will become increasingly difficult to invest offshore, even for the wealthiest investors, says Anchor Capital.

OECD calls for VAT hike to help fund permanent grant

South Africa should make the R350-a-month Social Relief of Distress (SRD) grant permanent, increase the rate of value-added tax from 15% to 17%, and reform the “distortive” personal income tax system, the Organisation […]

Why do more South Africans feel better about their financial prospects?

According to a graph in this year’s Old Mutual Savings & Investment Monitor (OMSIM), 72% of respondents expect their financial prospects to improve over the next six months, whereas only 5% believe they […]

Freedom’s just another word

The government’s call for assistance from the business world to get the economy going again is hopefully a welcome change in the view that private enterprise is in competition with it. The perceived […]

Fitter or fatter? – Exercise can contribute to a healthier SA economy

A ground-breaking, global study by Vitality and RAND Europe shows that an extra 15 minutes of walking daily could add close to 3 years to your life and grow the world economy by $100bn a […]

Central Economy or Just Centralised…?

The Zuma administration cannot shake off the pull of the left President Jacob Zuma elevated the floundering South African economy to centre stage at his State of the Nation speech on June 17 […]

Nigeria – GDP nearly doubles following rebasing

Nigeria now has the largest economy on the continent following the release of much-anticipated preliminary rebased GDP statistics. The previous base year of 1990 has become outdated due to changes in the structure […]