• September 28, 2020
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In The Face Of An Unemployment Pandemic … Can South Africa Still Afford Minimum Wages And Suffocating Labour Laws?

In The Face Of An Unemployment Pandemic … Can South Africa Still Afford Minimum Wages And Suffocating Labour Laws?

Almost all South African workers are regulated by minimum wages, be it the controversial sectoral minimum wages negotiated in bargaining councils, and often undemocratically extended to non-parties, or minimum wages prescribed by the Government. These…

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Private sector credit growth slows, again – FNB

Private sector credit growth slows, again – FNB

Spokesperson: Siphamandla Mkhwanazi, FNB Senior Economist Private sector credit (extended to households and corporates) eased further to 5.1% y/y in July, from 5.6% in the previous month. Downward pressure came from corporate credit, while household…

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South Africa’s Shoprite exits Nigeria after 15 years

South Africa’s Shoprite exits Nigeria after 15 years

Africa’s biggest grocery retailer, Shoprite, is exiting the continent’s most populated country, Nigeria, after 15 years. The Cape Town-based retailer has started a formal process to consider the potential sale of all or a majority…

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South Africa’s FNB named as the most valuable banking brand third year in a row

South Africa’s FNB named as the most valuable banking brand third year in a row

The latest 2020 Brand Finance® Africa Annual Survey has named FNB as the most valuable banking brand for the third year in a row. The FNB brand has been valued at R23.9 billion. “Being named…

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Standard Bank’s SimplyBlu e-commerce solution gets Product of the Year seal

Standard Bank’s SimplyBlu e-commerce solution gets Product of the Year seal

Johannesburg, 06 July 2020 – Standard Bank is proud to announce that SimplyBlu, one of its e-commerce solutions which recently went live in June, has received the Product of the Year 2020 vote in the…

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KLM secures financing of EUR 3.4 billion to weather the COVID-19 crisis

KLM secures financing of EUR 3.4 billion to weather the COVID-19 crisis

COVID-19 has caused aviation to virtually come to a standstill worldwide in recent months. The pandemic has an unprecedented impact on KLM Group’s activities. In order to cope with this difficult period and to secure…

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FNB offers extended payment break to help customers who remain in financial difficulty

FNB offers extended payment break to help customers who remain in financial difficulty

In March this year, FNB announced Cashflow Relief measures which offer customers a 3-month payment break through a separate credit agreement and assistance with credit insurance claims where relevant. The relief measures have been available…

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Investment basics for children

Investment basics for children

Talking about budgets is often the starting point in the financial education of kids. While budgeting can help you live within your means and stay solvent, only investing will help you become wealthy and financially…

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