Lyse Comins is a freelance journalist and content creator in Durban South Africa.  She covers, business, consumer and social rights, breaking news and health as well as business to business communications for clients across South Africa. Her work has been  has published in The Mercury, Freight and ...

Household food insecurity rises as prices and personal debt soar

17 Oct 2024  |  mg.co.za  |  English  |  Economic Challenges

South Africa faces worsening food insecurity due to spiraling food inflation and high personal debt, with one in four children in poor households experiencing stunting. The South African Food Security Index 2024, developed by University of Stellenbosch economists and published by Shoprite Group, indicates a decline in food security over the past decade. Factors such as drought, geopolitical instability, and inflationary pressures, including the Ukraine war, have exacerbated the situation. Despite sufficient food availability, economic constraints limit access to nutritious meals, particularly in rural areas. The Altron FinTech Household Resilience Index highlights the impact of high interest rates on consumer finances, increasing household debt burdens. Recommendations include VAT zero-rating for essential foods and targeted nutritional interventions for children.

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South African Reserve Bank University of Stellenbosch Economist Impact Global Food Security Index

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Kerry Dimmer is an award-winning freelance journalist based in Johannesburg, South Africa. Winner of the Diageo Best Infrastructure Feature of the Year 2010, and 2013 SAPOA Property Feature Journalist of the Year. Focuses on current affairs in Africa.

The repo rate remains unchanged

01 Jul 2023  |  www.privateproperty.co.za  |  English  |  Inflation

The South African Reserve Bank's Monetary Policy Committee decided to keep the repo rate unchanged at 8.25%, maintaining the prime lending rate at 11.75%. This decision was influenced by elevated inflation expectations and the need to anchor inflation around the target band's mid-point. Industry experts, including Adrian Goslett, Samuel Seeff, and Dr. Andrew Golding, welcomed the decision, noting its positive implications for debt holders, homeowners, and the property market. The stable rate is seen as a reprieve for the economy, with hopes for a downward rate cycle in 2024. However, challenges such as high food prices, electricity costs, and economic volatility remain.

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South African Reserve Bank Monetary Policy Committee SARB

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French freelance journalist. 

I'm based in South Africa since september 2013 , where I cover the current affairs for Radio France Internationale, Radio France (France Inter, France Info, France Culture). I also write for the french newspaper Le Point.


I work in french and english. I do ...

South Africa Questions the Steinhoff Affair

12 Dec 2017  |  www.lesechos.fr  |  French  |  Corporate Scandal

South Africa is grappling with the fallout from the Steinhoff financial scandal, which has led to multiple investigations by government bodies and calls for accountability from various stakeholders. The scandal, involving accounting irregularities, has significantly impacted public pension funds and raised concerns about corruption and governance in both the public and private sectors. The opposition party has called for an investigation into Deloitte's role, while Steinhoff is considering asset sales to mitigate financial damage.

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South African Reserve Bank Bureau des services financiers (FSB) Société publique d'investissement (PIC) Ministry of Finance Ministry of Trade and Industry Commission des sociétés et de la propriété intellectuelle Parliamentary Committee on Public Accounts Parliamentary Committee on Public Service Democratic Alliance SARS

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Abdulwasiu Hassan is a multimedia journalist based in Abuja, Nigeria.

Why is Africa not an industrial powerhouse yet?

01 Oct 2023  |  Botswana's struggle to have greater share of its diamond  |  English  |  African Development

Africa's industrialisation remains stunted despite its rich natural and human resources. Post-independence industrial initiatives failed to keep pace with population growth, leading to a reliance on industrialised countries. Recent progress is noted in countries like Benin and Ethiopia, but challenges such as inadequate infrastructure, mismanagement of resources, and political instability persist. Experts suggest integrating with global value chains, promoting intra-continental trade, and implementing policies for technological upgrades to boost industrial development.

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World Bank South African Reserve Bank African Development Bank

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Eric Kasongo is a seasoned bilingual journalist (French-English) based in Cape Town, South Africa, with a specialized focus on political and economic affairs in both South Africa and the Democratic Republic of Congo (DRC). His expertise spans critical sectors such as mining and energy, where he has ...

Foreign investments reached $3.75 billion

01 Oct 2023  |  Matière News  |  French  |  South African Economy

Foreign direct investments in South Africa surged to 67 billion rands ($3.75 billion) in Q4 2022, driven by increased equity investments in non-resident companies, notably Walmart's acquisition of the remaining 47% of its South African subsidiary, Massmart. This marked a significant rise from the previous quarter's 11.9 billion rands. The South African Reserve Bank also reported portfolio investment flows of 26.1 billion rands ($1.46 billion) for the same period.

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South African Reserve Bank

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Justus Kiprono is a financial and business journalist in Kenya covering the news that involves the financial market locally, nationally, and internationally, as well as Technology, Immigration, and Guides. His solace lies in producing insightful content on tutorials, financial matters, and in-depth ...

Top 5 Best Fixed Deposit Accounts with High Interest Rates in South Africa

20 Jul 2022  |  Jozi Wire  |  English  |  Interest Rates

The article discusses fixed deposit accounts in South Africa, highlighting their advantages and disadvantages. Fixed deposits offer guaranteed returns and are insured by the Corporation for Deposit Insurance (CoDI), providing liquidity and flexible tenure. However, they may yield low returns during inflation and lock away funds, making them less lucrative compared to other investments. The South African government encourages saving by maintaining a low repo rate. The article lists the top 5 banks with the best fixed deposit rates: African Bank, Absa Bank, Standard Bank, Capitec Bank, and First National Bank (FNB), detailing their minimum deposits and effective annual rates. African Bank leads with a peak rate of 12.50% per annum, while FNB offers a rate of 8.84% on a 60-month term.

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South African Reserve Bank Corporation for Deposit Insurance (CoDI) JoziWire

Edwin Lombard is a journalist based in Cape Town, South Africa.

Interest rates uncertainty dampens house sales

15 Oct 2023  |  www.iol.co.za  |  English  |  Real Estate Market

The real estate market in South Africa is experiencing a slowdown due to uncertainty over interest rates. High interest rates are affecting home affordability, leading to a significant drop in sales. Experts like Adrian Goslett from RE/MAX and Siphamandla Mkhwanazi from FNB highlight the challenges posed by economic factors, including geopolitical tensions and inflation. While some economists predict stable or decreasing interest rates, the market remains cautious. Commercial property markets show mixed results, with industrial and warehouse sectors performing better than office spaces. The outlook for the housing market remains uncertain, with affordability and economic conditions being key concerns.

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South African Reserve Bank

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I'm a passionate journalist with a multimedia approach to news reporting and storytelling. I believe that news content must be direct, accurate, and informative. 

With experience across digital, print, and broadcast media, I strive to engage and inform diverse audiences through compelling ...

Reserve Bank’s new deputy governor: 5 things to know about Mampho Modise

18 Mar 2024  |  www.citizen.co.za  |  English  |  Appointments

Dr. Mampho Modise has been appointed as a deputy governor of the South African Reserve Bank (Sarb), effective from April 1, 2024, for a five-year term. At 40, she is among the youngest to hold such a position. Modise's career began at Sarb as an intern and includes a tenure at National Treasury, where she rose to deputy director-general of Public Finance. She holds multiple degrees from the University of Pretoria, including a PhD in Economics. Finance Minister Enoch Godongwana recently endorsed her appointment, praising her dedication and leadership.

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South African Reserve Bank National Treasury

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Clarkson Mambo is a multi-skilled journalist based in Harare, Zimbabwe primarily skilled in print and photo journalism, focused on covering multi-sectoral issues (social, political, business, finance) across the SADC region, with a bias towards developmental journalism.

SADC RTGS: 10 years of facilitating regional trade

01 Oct 2023  |  Knowledge for Development  |  English  |  Economic Integration

Southern Africa celebrates a decade of the SADC Real Time Gross Settlement System (SADC RTGS), which has processed over three million transactions worth over 12 trillion South African Rand. Initially launched as the SADC Integrated Regional Electronic Settlement System (SIRESS) in 2013, the system has significantly reduced transaction times and costs, enhancing regional trade. Operated by the South African Reserve Bank, the system now includes 15 SADC member states and 89 banks. The Committee of Central Bank Governors in SADC and the SADC Banking Association have been instrumental in its success. Future plans include modernizing the system to incorporate multiple currencies and leverage technological advancements.

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SADC Banking Association Committee of Central Bank Governors in SADC South African Reserve Bank SADC

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Oliver Meth is an award-winning South African based Journalist, available for assignments in KwaZulu Natal and Gauteng provinces.

He is a researcher, writer, filmmaker and social advocacy journalist on development issues. Oliver has a particular focus on environmental rights, public ...

Two Arrested in South Africa for Counterfeiting Money

04 Dec 2024  |  OCCRP  |  English  |  Crime

Two individuals, Jude Oka and Evans Tiku, were arrested in Pretoria, South Africa, for allegedly counterfeiting currency. The operation, led by the Hawks, SAPS K9 unit, and SARB, uncovered counterfeit South African Rands and U.S. Dollars, along with equipment used for production. The investigation suggests a larger counterfeiting ring, with ongoing efforts to identify additional participants or locations.

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South African Reserve Bank South African Police Service Hawks

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Evelyn Morris is a journalist based in Durban, South Africa.
Evelyn is especially interested in advocacy for patient's rights and the end the stigmatisation of mental health problems.
Another area of interest for Evelyn is the judiciary, especially as it directly affects people in their own ...

Grant cards won't expire, yet - assures SASSA

29 Jan 2021  |  bereamail.co.za  |  English  |  Misinformation

SASSA KZN spokesperson Sandy Godlwana refutes claims that SASSA grant cards will expire on March 31, 2021, and confirms they will continue to work beyond that date. Misinformation was clarified, and it was stated that replacement information will be announced in due course. Beneficiaries can choose their payment method and are not required to withdraw funds immediately. The SA Post Office spokesperson Johan Kruger also confirmed that the Covid SRD relief grant will remain available for collection at the Post Office and there is no need to rush. The last payments of relief grants will be made on January 31, pending any further announcements by President Cyril Ramaphosa.

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South African Reserve Bank

Yeshiel Panchia is a journalist based in Johannesburg, South Africa.

South Africa’s 5.4% Inflation Surge: Consumers Continue To Feel The Pinch

19 Oct 2023  |  Forbes Africa  |  English  |  Economy

South Africa's inflation rate has surged by 5.4% year-on-year, driven primarily by rising food prices and transport costs. Economist Dawie Roodt attributes this acceleration to 'base reasons' and warns that the South African Reserve Bank (SARB) may respond by increasing interest rates to temper inflation. However, such a move could worsen financial conditions for debt-laden households, further diminishing their buying power.

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South African Reserve Bank

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I am a digitally savvy journalist and editor with a keen interest in collaborations, tracking political promises and solutions journalism. I recently completed a certificate course in investigative journalism from Wits. In my freelance career I have focused on cross-platform editing, project ...

ANALYSIS: Did poor people lose money in VBS bank’s collapse?

30 Sept 2019  |  www.citizen.co.za  |  English  |  Banking Scandal

The article examines the impact of the VBS Mutual Bank collapse on poor depositors, highlighting differing views on whether poor people lost money. While some argue that retail depositors with savings up to R100,000 were reimbursed, others point out that some depositors could not access their funds due to documentation issues. The liquidation process is ongoing, and it remains unclear how many poor people were affected. The article also discusses the broader implications of the government guarantee funded by taxpayers and provides data on savings among poor households in South Africa.

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Statistics South Africa South African Reserve Bank Economic Freedom Fighters National Treasury Studies in Poverty and Inequality Institute

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Sertan Sanderson is a seasoned journalist with a rich background in covering news and current affairs. Specialising in social change, migration, and cultural impacts, his work is characterised by a deep exploration of the intersection of politics and human rights. 

His reporting has taken him ...

South Africa braces for winter with severe power outages

21 May 2023  |  www.dw.com  |  English  |  Social Unrest

South Africa faces a worsening power crisis as winter approaches, with potential for severe load shedding and social unrest. The power cuts, driven by Eskom's infrastructure struggles and corruption, impact all sectors, including homes, industries, and public services. President Cyril Ramaphosa's efforts to address the crisis have been criticized as insufficient. Renewable energy is seen as a potential solution, but high costs and proposed taxes on solar energy pose challenges. The situation has led to growing frustration and fears of a complete power shutdown.

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South African Reserve Bank Daily Maverick Johannesburg Institute for Advanced Studies

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Richie Santosdiaz is a known international trade and economic development subject matter expert - both as a consultant as well as commentator on this realm in both print and also video (live and pre-recorded). He is bilingual (English and Spanish) and has done 100+ pieces/interviews mainly in the ...

Digitalisation and Financial Inclusion Remain Priorities in South Africa Despite Insurance Success

24 Jan 2025  |  thefintechtimes.com  |  English  |  Fintech Development

South Africa, with major financial centers in Cape Town and Johannesburg, is a leader in the MEA region's financial services sector, particularly in insurance. Despite economic successes, challenges like poverty and inequality persist. The country prioritizes digitalisation and financial inclusion, aiming to integrate more businesses into the formal economy. Key fintech players include Naked Insurance, Pineapple, Jumio, and Tyme, supported by organizations like the South African Reserve Bank and the Financial Sector Conduct Authority.

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Fintech Association of South Africa South African Insurance Association Payments Association of South Africa South African Reserve Bank Financial Sector Conduct Authority

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Godfrey Sigwela is a well experienced freelance journalist with an experience of about 20years. He has covered a diverse range of stories, from sports analysis, sports stories, politics, municipal news, socio-economic stories, educational content to including feature stories and entertainment.

Spaza shops not allowed to handle bank notes

05 May 2023  |  www.sapeople.com  |  English  |  Digital Payments

South African banking experts are pushing for spaza shops and hawkers to stop using cash, advocating for digital banking methods. This move has sparked controversy, especially as the South African Reserve Bank has just launched new bank notes. Informal traders express skepticism and concern, fearing that the shift to digital payments could harm their businesses and widen the economic gap between the rich and poor. Historical promises of economic support, such as those made during the 2010 Soccer World Cup, are cited as unfulfilled, adding to the distrust.

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South African Reserve Bank

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