"In 2022/23, an estimated 1,6 million incidences of housebreaking occurred, affecting 1,1 million households in South Africa. The number of affected households represents 5,7% of all households in the country," says Statistics South Africa (StaSA)…
According to David Rees, Senior Emerging Markets Economist at Schroders, the Central Bank of Chile's (CBC's) decision to lower rates by more than expected on Friday is likely to signal the start of a broad emerging market (EM) easing cycle,…
According to the latest manufacturing survey released by Statistics South Africa (Stas SA) on Monday, 24 July 2023, South Africa has lost 309 000 jobs (-22,1%) in manufacturing since 2005.
"The strategic positioning of small businesses along the industry's supply and value chains will serve to unlock the sector's potential as a bolstered contributor to our country's GDP, socioeconomic development and the broadening of the fiscal…
"The private sector and government need to be driven by this notion that we're losing credibility in the foreign business landscape, and we need to focus on regaining our credibility as the goal," says Busisiwe Mavuso, Chief Executive Officer…
Total employment decreased by 97 000 or -1,0% year-on-year between March 2022 and March 2023, reports StatsSA.
“This in itself is a major milestone. We’ve been on this path over a long period, almost 12 to 14 years, starting with policy development and was also delayed by the advent of the pandemic after it was submitted to Parliament,” says Health Minister,…
President Cyril Ramaphosa has, in terms of Section 97 of the Constitution, signed a proclamation that transfers to the Minister of Electricity certain powers and functions entrusted by the Electricity Regulation Act (Act No 4 of 2006), a role…
According to Michael Sachs, adjunct professor at the Southern Centre for Inequality Studies, one of the most significant of these trade-offs involved the public sector wage bill increase, where in reality, the salary increases for public sector…
"Clearly, this will now depend on the growth and inflation figures, particularly the latter. However, an insight into the Fed's thinking was provided by chair Powell in his post-meeting press conference, where he said that he believed that the…
“South African citizens may feel despair and despondence, but in their individual capacities, they have real power. The time has come for them to focus on the one thing they can do to stop corruption – refuse to engage in back-handed deals with…
"Although the growth figures are better than expected, they only partially offset the fall in activity recorded in December. Moreover, much of the rebound can be explained by the reversal of on-off effects," says Azad Zangana – Senior European…
“The Minister of Finance recently announced, in his budget speech, that from March 2023, businesses would be able to reduce their taxable income by 125% of the cost of an investment in renewables. This move is expected to encourage more businesses…
"The number of unemployed persons increased by 28 000 to 7,8 million in the fourth quarter of 2022, while the number of people who were not economically active for reasons other than discouragement increased by 95 000 to 13,4 million," says…
Insurance Biz is a New Africa Busines News Services (NABNS) publication launched in 2013 to focus on the insurance industry, investments, financial planning, employee benefits etc. It remains a great resource of news for industry professionals, and for those who seek to learn about the financial sector developments.
Subscribe to our weekly newsletter to get the latest insurance and economic news in SA.
Insurance Biz proudly displays the "FAIR" stamp of the Press Council of South Africa, indicating our commitment to adhere to the Code of Ethics for Print and online media which prescribes that our reportage is truthful, accurate and fair. Should you wish to lodge a complaint about our news coverage, please lodge a complaint on the Press Council's website, www.presscouncil.org.za or email the complaint to enquiries@ombudsman.org.za. Contact the Press Council on 011 4843612.
© Insurance Biz 2008-2026
