Yesterday, the people of Greece voted in a referendum to determine whether or not the country should accept the current bailout offer.
The resounding ‘no' by the Greek people led the country's finance minister to step down from his position.
Markets are opening down on the news.
Let's take a closer look at what's going on…
Greece’s finance minister steps down following the ‘... ››› more
Yesterday, the National Energy Regulator of SA (NERSA) announced it was rejecting Eskom's application to raise tariffs.
Not surprisingly, many have welcomed the regulator's decision.
Let's take a closer look at the reasons why NERSA rejected the application…
NERSA weren’t happy about a number of aspects in Eskom’s application
NERSA says that Eskom didn’t show “the savings ... ››› more
Financial markets are feeling the pressure today as the Greek government announced its decision to close banks and instil capital controls until next Monday.
The Greek government has taken this move as the country will vote in a referendum on 5 July.
Greece is on the verge of defaulting on a loan to the International Monetary Fund tomorrow.
Let's take a closer look at what's going on…
... ››› more
After contending with a 49c a litre hike at the start of this month, the beginning of July brings another large petrol price rise.
The Department of Energy confirmed the increase on Friday afternoon.
Let's take a closer look at what's behind the hike and how much more you'll be paying at the pump…
The petrol price is rising between 41c and 44c
From Wednesday, the petrol price is r... ››› more
Over the weekend, a deal between South Africa and the USA over poultry imports threatens the livelihoods of around 6,500 workers in the South African sector.
Whilst the agreement will boost imports of poultry into SA, which is seeing a growth in demand, worries over the effects on the domestic poultry industry are growing.
Let's take a closer look at what's going on…
The SA poultry i... ››› more
Earlier today, the South African Chamber of Commerce and Industry (SACCI) released its business confidence index (BCI) data for May.
The index revealed a stark fall from April. It now stands at its worse level for 16 years.
The main issue putting a dampener on business confidence is the impact of power supply problems.
Let's take a closer look at what the data revealed…
The busine... ››› more
Yesterday, the Reserve Bank released its biannual monetary policy review.
In the review, the central bank addressed the concerns of raising interest rates on lack lustre economic growth. And why inflation looks likely to continue rising.
Let's take a closer look at what could be in store…
It’s just a matter of time before interest rates rise
Lesetja Kganyago, the governor of the... ››› more
On Friday, the Department of Energy revealed its new fuel pricing for the month of June. This will come into effect on Wednesday.
The price of petrol and the price of diesel are both increasing significantly.
So why is the fuel price increasing so much?
Read on to find out…
Fuel prices are on the rise again
Last month, there was some respite for motorists as the petrol price st... ››› more
Earlier today, SARS released its trade data for April.
Even though the data showed the trade deficit actually worsened last month, it was better than forecast.
Let's take a closer look at what the data revealed…
Trade data for April wasn’t as bad as expected
In April, the “trade deficit widened to R2.5 billion,” says Bloomberg. This was down to exports declining “more tha... ››› more
Earlier today, Stats SA released its Quarterly Labour Force Survey.
As is usually the case for the first quarter of the year, the number of people out of work grew, but by more than expected.
This take the rate of unemployment to an eleven year high.
Let's take a closer look at what the data revealed…
The unemployment rate hits 26.4%
The rate of unemployment rose to “its high... ››› more
Earlier today, Stats SA released its gross domestic product (GDP) data for the first three months of this year.
The data reflected the impact of load shedding on the country's economy and the effects of recent droughts.
Let's take a closer look at what the data revealed…
Economic growth falls sharply in the first quarter of 2015
Stats SA says GDP data indicated “the economy expa... ››› more
Yesterday, following its monetary policy committee meeting, the Reserve Bank announced it was keeping interest rates unchanged.
But with inflation climbing again, South Africa's central bank may have to consider hiking rates to keep it in check.
Let's take a closer look at what happened…
Interest rates stand steady at 5.75%
The governor of the Reserve Bank, Lesetja Kganyago, annou... ››› more
Since the introduction of e-tolls, they've received fierce criticism from motorists around Gauteng.
Today, the deputy president Cyril Ramaphosa announced changes to the e-tolling system.
So what are these changes? And how will they affect you?
Read on to find out…
E-tolls will be cheaper
Since the introduction of e-tolls onto Gauteng’s freeways at the end of 2013, there has b... ››› more
Earlier today, Stats SA released its consumer inflation data for April. The data showed a steep rise in the consumer price index (CPI).
But in spite of the rise, it was slightly below expectations.
Let's take a closer look at what the data revealed…
Consumer inflation hits 4.5% last month
Consumer inflation rose to “4.5% year-on-year in April,” reports IOL. That’s up from th... ››› more
Yesterday, the National Energy Regulator of South Africa (NERSA) announced that it will reveal its decision on Eskom's request for another tariff hike.
Eskom has already implemented tariff hikes this year, though some of these don't come into effect until 1 July.
If the new tariff hike request gains approval, it will see consumers coming under further strain.
Let's take a closer look at w... ››› more
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