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It still surprises many people that professional video-game tournaments fill 50 000-seat arenas and that millions of fans watch from their bedrooms, aspiring to compete themselves one day. What hasn’t passed some... Read more »

Financial anxiety is up around the globe

As the world reels from the fiscal shockwaves of Covid-19, a new 26-country survey suggests that many people are perilously unprepared for a major economic jolt. According to the Organisation for Economic... Read more »

Oil set for best week since June

Oil is poised for its biggest weekly advance since early June with Saudi Arabia ratcheting up the pressure on OPEC+ members to adhere to the group’s production cuts amid signs demand is... Read more »

How South African companies are battling the pandemic and recession

South African businesses have had to respond to the coronavirus and lockdown restrictions since March. At the same time, the country’s economy is in its longest recession in 28 years, with millions... Read more »

JPMorgan Asset says climate risks loom for Brazil, South Africa growth

Emerging markets such as Brazil, Russia and South Africa face a more difficult shift to a low-carbon economy because they lack room to cushion the change by ramping up government spending, according... Read more »

Dubai may be as indebted as South Africa if S&P proves right

Determining how much debt Dubai’s government has amassed depends on who’s counting. What is less in dispute is that the uncertainty comes at a cost. Unlike the government, Moody’s Investors Service and... Read more »

Beauty brand focuses on natural products, aims to empower African women

AfroBotanics AfroBotanics AfroBotanics AfroBotanics Ntombenhle Khathwane – Founder, AfroBotanics Read more »

SA looks to mining industry to fuel Covid-19 recovery

South Africa is banking on a rejuvenation of its flagging mining industry to help counter the economic devastation wrought by the coronavirus and a lockdown that was imposed to curb its spread.... Read more »

Oil drops below $40

Oil dropped below $40 a barrel with a stronger dollar after the biggest surge since June following a surprise decline in US crude stockpiles. Futures in New York slid 1.3% as the... Read more »

South African banks prepare for the worst, hope it doesn’t come

South African banks have made their rainy-day provisions. Now, they must wait and see whether the funds set aside will be enough to manage a potential torrent of bad debt and ease... Read more »

Fed sees rates near zero through 2023 to boost jobs, prices

Federal Reserve officials held interest rates near zero and signalled they would stay there for at least three years, vowing to delay tightening until the US gets back to maximum employment and... Read more »

What are the tax implications of transferring my RAs into a living annuity?

I am 58 years old and have R4.5 million in two retirement annuities. I wish to take R500 000 out tax-free, and then transfer the rest into a living annuity, which is... Read more »

Is Discovery’s R3.4bn Covid-19 provision enough?

Prior to the release of Discovery’s full-year financial results to end-June, the market already had a solid indication of what to expect. In mid-June, it warned that it would book an approximate... Read more »

Rand has another go at key resistance level

The rand is testing a key resistance level after a four-day streak that drove it to the strongest level since mid-March. The currency on Wednesday surpassed R16.35 — the 23.6% Fibonacci retracement from... Read more »

World economy seen withstanding virus better than forecast

The global economic slump won’t be as sharp as previously feared this year, though the recovery is losing pace and will need support from governments and central banks for some time yet,... Read more »

BHP sees profit in a world speeding up climate action

BHP Group, a major industrial polluter, says it will benefit most from a global shift toward faster and more dramatic measures to address climate change, and aims to profit from doing so itself.... Read more »

Stocks, futures rise ahead of Fed meeting; oil up: markets wrap

European stocks edged higher along with US futures as investors waited for the outcome of the Federal Reserve’s policy meeting later Wednesday. Treasuries and the dollar were steady. Retail and technology shares... Read more »

Can I split my retirement savings into two living annuities without incurring tax?

I would like to split my pre-retirement savings when I go into retirement. All my pre-retirement savings are in retirement annuities, pension preservation funds and a provident preservation fund. Half would go... Read more »

African central banks may say they’ve done what they can for now

African central banks meeting in the next two weeks may decide that they’ve done all they can for now to shore up their economies against the havoc wrought by the coronavirus pandemic.... Read more »

Joburg’s Jewel City set for further R1bn investment

Divercity Urban Property Fund is eyeing further investments in the Joburg CBD, as well as into an all-new urban renewal project in the Randburg CBD. The unlisted fund, which is a joint... Read more »

Oil anchored near $37

Oil was steady near $37 a barrel before US government data that’s forecast to show crude inventories expanded for a second week, raising concerns the demand recovery is faltering. Crude stockpiles rose... Read more »

Why gold is still a safe haven in times of crisis

“Gold” said famed investor Warren Buffett in 1998, “gets dug out of the ground in Africa or someplace, then we melt it down, dig another hole, bury it again and pay people... Read more »

Asia’s economy to shrink, first time since 1960s, ADB says

Developing Asia’s coronavirus-battered economy will shrink for the first time since the early 1960s, with the level of output next year still seen below pre-pandemic projections even as growth recovers, according to... Read more »