The new demerit system for SA road users has good intentions, but it can also pose a significant threat to the insurance industry, cautioned Vera Nagtegaal, executive head of Hippo.co.za. Aug 18 2019 13:04 Fin24 correspondent President Cyril Ramaphosa signed the controversial Administrative Adjudication of Road Traffic Offences (Aarto) Bill into law on Tuesday and will…
DetailsParliament announced on Thursday that President Cyril Ramaphosa signed the National Credit Amendment Bill (the debt relief bill) into law earlier this week, ending a nearly two-year journey for the piece of legislation aimed at protecting low income earners from crippling debt. Aug 17 2019 10:02 / Khulekani Magubane, Fin24 The law – also referred to…
DetailsFuel price hikes in neighbouring African countries see more strain on motorists and economies abroad. 2019-08-10 15:30 Leigh-Ann Londt Zambia now pays more for petrol than other neighbouring Southern African countries – Zambian motorists are paying $1.16 per litre of petrol. South African motorists are paying R15.72 (coast) to R15.72 (inland) for petrol. We take a…
DetailsPrime Minister Justin Trudeau has ramped up loans to boost rental housing in Canada and developers are snapping them up. Natalie Wong, Bloomberg News Demand has been so hot for the low-cost loans from Canada Mortgage & Housing Corp. that the government plans to increase the program to almost $14 billion over the next nine years. That’s…
DetailsMost economists aren’t budging in their prediction Bank of Canada Governor Stephen Poloz will hold interest rates steady for at least another year. Erik Hertzberg and Catarina Saraiva, Bloomberg News Even with renewed speculation about an impending global recession and a trend among the world’s central banks toward easing policy, a Bloomberg survey shows a majority…
DetailsAn economic indicator that has predicted every major recession since the 1960s is sending another warning. By Jessica Vomiero National Online Journalist Global News It’s called the U.S. Treasury yield curve and, when inverted, is considered to be the most reliable indicator of an upcoming recession. As of July 2019, the curve has been inverted for an entire…
DetailsIf you earn minimum wage and live in Vancouver, you would need to work 112 hours a week to afford a decent two-bedroom apartment, a new study says. B.C. can expect highest rent hikes in 15 years in 2019 By Maryam Shah Global News The average cost of renting a two-bedroom apartment in Canada According to a…
DetailsOf all the executives, government officials and consultants being recruited to tackle the mammoth task of rescuing state power utility Eskom, the toughest task could fall to the person who has to take it apart. Jul 22 2019 05:30 Paul Burkhardt Fin24 An electricity pylon (iStock). President Cyril Ramaphosa last month said a soon-to-be appointed chief…
DetailsThe South African Revenue Service said in a statement on Wednesday that it is aware of an eFiling problem that some taxpayers are experiencing. Jul 03 2019 12:59 Compiled by Carin Smith Fin24 Tax season opened on Monday for taxpayers who use eFiling and the SARS MobiApp. The tax agency said the problem occurs when users…
DetailsThursday’s announcement of a rate cut by the SA Reserve Bank’s Monetary Policy Committee has been met with enthusiasm by property industry leaders, who have said it will encourage hesitant buyers and “be well received by every sector of the economy”. Jul 18 2019 16:27 Marelise van der Merwe Fin24 Herschel Jawitz, CEO of Jawitz Properties,…
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