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The rand rallied to a 16-month high on Friday after rating agency Moody’s skipped its review of South Africa’s credit rating and after a weak jobs report in the US prompted a sell-off of the dollar. Picture: Reuters/Mike Segar Rand rallies to 16-month high as Moody’s skips SA credit rating review By Siphelele Dludla Share JOHANNESBURG - THE RAND rallied to a 16-month high on Friday after rating agency Moody’s skipped its review of South Africa’s credit rating and after a weak jobs report in the US prompted a sell-off of the dollar. The rand gained strongly on Friday, ...

South Africans will feel the pinch in April: economists Subscribe South African households are likely to start to feeling the pinch from surging petrol and paraffin prices, marked increases in excise duties on alcoholic beverages and tobacco products, and below-inflation increases in the monetary values of social grants. Commenting on the latest FNB/BER consumer confidence index (CCI), chief economist at FNB Mamello Matikinca-Ngwenya said that these factors – coupled with the fact that the Social Relief of Distress grant and TERS programme are set to expire at the end of April – have the ...

Private Property South Africa Press Office With millions of serious buyers and renters browsing www.privateproperty.co.za monthly, we're SA's favourite property portal. List your property with Private Property South Africa (Pty) Ltd, as a private seller or an agent, and we'll bring buyers to your door. Follow us: Latest news How pre-qualifying for a home loan can support your offer to purchaseThere is a misconception that a 'pre-qualification' on a bond means you are guaranteed that a bank has approved a home loan up to a certain amount. This is not true. Nondumiso Ncapai Head of Product for...

Fuel tax increases to hit motorists in South Africa from April Subscribe The National Treasury has announced an increase in the general fuel levy and Road Accident Fund levy to take effect from 7 April 2021. The increase will see motorists pay an inflation-related increase of 15 cents/litre in the general fuel levy and a higher-than-inflation increase of 11 cents/litre in the Road Accident Fund levy. While the increases are largely in line with expectations leading up to the budget speech, further increases in the fuel levy will likely have inflationary effects and increase transportation cos...

Budget Speech Preview: Government debt and sin tax in the spotlight Updated Nomfundo Ngcobo Share this: Economist Dawie Roodt doesn’t expect Finance Minister, Tito Mboweni to raise major taxes such as personal income tax and VAT when he tables his budget in Parliament on Wednesday. Money/ iStock “I do not think the main taxes, personal income tax or value added tax will be increased. It may happen but not now, simply because of the economy which is very weak.”   “But other taxes could increase like the so called, sin tax and capital gains tax,” he added   Roodt, who’s