Please take note of these new skimming devices & spread the word. These new devices are so good even the bank staff have been battling to identify them. This particular one was discovered on an ABSA ATM and has a camera which captures footage of you entering your PIN. Please report any suspicious activity or..
Continue reading…
NEW ATM SKIMMING DEVICES
Posted on Leave a comment
The ruling party moves for land, and the Reserve Bank
Posted on Leave a comment
The ANC will seek to amend the constitution of the country to allow for expropriation of land without compensation and will also nationalise the South African Reserve Bank, the party announced on Wednesday night. The contentious announcement was made just before the close of its 54th national conference on Wednesday night. The sectoral commission on..
Continue reading…
Junk status looms after mid-term budget fails to inspire confidence – It is not looking good for SA
Posted on Leave a comment
Economists have warned that South Africa could be in line for a credit downgrade to junk status – possibly before the end of the year. Their fears come in light of Malusi Gigaba’s mid-term budget speech, delivered to parliament on Wednesday. “It is not in the public interest, nor is it in the interests of..
Continue reading…
Gigaba’s first test: Can he ace the mid-term budget?
Posted on Leave a comment
Finance Minister Malusi Gigaba is in an unenviable position. In his maiden budget – today’s medium-term budget policy statement – he must confront, among other things, low economic growth, a tax revenue hole big enough to fly a plane through and the budgetary consequences of struggling state-owned enterprises. These issues are some of the chief..
Continue reading…
Banks go on the offensive to parry political attacks
Posted on Leave a comment
South Africa’s banks have gone on the offensive after being criticised by some politicians over their lending practices and records in addressing racial inequality. Attacks on the lenders have been led by Jacob Zuma, who’s accused them of monopolising the financial services industry, and questioned whether they colluded when closing accounts belonging to members of..
Continue reading…