The latest financial reports indicate that South Africa’s economic growth will be much softer this year after the country slipped into recession in the first quarter, and with inflation easing an interest rate cut is back on the agenda, a Reuters poll found. Africa’s...

South Africa’s Finance Minister Malusi Gigaba said on Thursday the Treasury was looking for ways to cut government spending further and reallocate funds to help boost growth while maintaining its fiscal target. Gigaba, who was appointed as finance minister in March...

South Africa could see a spike in bad loans as the first recession since 2009 hits millions of chronically indebted consumers struggling to pay back credit totalling R1.7 trillion ($133.19 billion), the National Credit Regulator (NCR) said on Wednesday. Africa’s most...

International rating agency Moody’s on Friday downgraded the country’s long-term foreign and local currency debt ratings by one notch from Baa2 to Baa3, with a negative outlook, keeping it at investment grade which further compounds South Africa's depressed economic...

Let's face it, times are tough, with junk status and the state of the economy we all need to start running a tighter ship and cutting out a few unnecessary expenses. For single-income families, this can be especially true as one pay cheque doesn't seem to go as far as...

The S&P downgrade of SA's foreign currency debt to junk status has been all over the news of late and a talking point for many South Africans. It's media hype my die down eventually but its actual effects will have a longer stay. It will undoubtedly the economy on...

Let's face it whether you're in debt or not we could always use some extra money at the end of the month, to put away for emergencies or for the future, but this is easier said than done. For many South Africans saving money isn't something they think about or its...