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President Cyril Ramaphosa with late former deputy president David Mabuza.(Delwyn Verasamy/M&G)

Ramaphosa’s office says DD Mabuza’s pension saga is a family matter

AlexForbes said it would not oppose the application by Mabuza’s daughter to have the R44 million pension pay out stopped

(Getty Images)

GDP contracts as SA’s sluggish economy embarks on a go-slow

Global dynamics and South Africa’s energy crisis will weigh on domestic growth for years to come. But green investment could, eventually, resuscitate the economy

People entering the abandoned Presidential Secretariat at Galle Face in Colombo, Sri Lanka on July 10, 2022.(Photo by M.A.Pushpa Kumara/Anadolu Agency via Getty Images)

‘Tunisia Days’ ahead as inflation exerts political pressure

With high prices continuing to bear down on consumers the world over, leaders who fail to bring inflation to heel could face a reckoning

The rand has managed to withstand even the strongest global headwinds, but it is unlikely it will continue to hold steady in the wake of the Fed’s aggression.  (Photographer: Waldo Swiegers/Bloomberg via Getty Images)

Rand offers cold comfort amid global inflation storm

The rand has managed to withstand even the strongest global headwinds, but it is unlikely it will continue to hold steady in the wake of the Fed’s aggression

More recently, the government chose to relinquish its majority stakeholding in SAA, after it became the first parastatal to go into business rescue. (Delwyn Verasamy/M&G)

Public procurement law is not the problem – people are

The Zondo report delves into South Africa’s procurement web, as it tries to figure out why state-owned entities were able to be captured

Covid-19 cast the economy adrift, but a less punishing new phase of the pandemic could set it back on track. (Waldo Swiegers/Bloomberg via Getty Images)

2022: A return to normality or more economic uncertainty?

Covid-19 cast the economy adrift, but a less punishing new phase of the pandemic could set it back on track

Protests: Turkey has seen opposition to the country’s declaration of   ‘an economic war of independence’ by refusing to rein in inflation using higher interest rates and other measures.  (Yasin Akgul/AFP/Getty)

Lessons from Turkey to SA: Economic independence is a battle

Without tighter capital controls, regulating the flow of money in and out of their economies, Turkey and South Africa are vulnerable to the whims of the financial markets

Economists widely expect the South African Reserve Bank’s monetary policy committee to once again hold the interest rate at 8.25% when it concludes its meeting on Thursday.

‘A cruel slap’: Reserve Bank weighs inflation risks as the economy struggles

Critics have said the repo rate hike will jeopardise already sluggish economic growth, but others say the gradual increase will have little effect

Finance Minister Enoch Godongwana. Photo: Madelene Cronje

Godongwana ‘will be just fine’

The new finance minister has a difficult task, but analysts say his political capital will help him hold a hard line on state spending

Reeling: Volunteers and workers clean up the looted Bara Mall in Soweto. The destruction and theft in the country is a more than R50-million blow to the already struggling economy.  (Lucas Sola/AFP)

Violence sparks new calls for basic income grant

Analysts agree that economic relief for the poor is needed but are split on whether a grant should be permanent and whether it is affordable

Struggles: Many South Africans sought relief from the Unemployment Insurance Fund at the start of the Covid-19 pandemic. Jobs are now increasing but not fast enough. (Delwyn Verasamy/M&G)

Economy’s signs of life mean little for the poor

GDP growth may be encouraging but it doesn’t mean much for SA’s millions of unemployed

Enabling: Amendments to the Pension Fund Act proposed by Dion George would give members another option of how to manage their finances in times of crisis. The Act allows the use of savings, but only for immovable property. Photo: ER Lombard/Gallo Images

Beware the pension fund loan proposal

Industry professionals warn that, although well intentioned, the Bill to enable fund holders to get some of their savings before retiring can do harm

It may be that the most important lesson this pandemic has to teach us is that we don’t control nearly as many things as we like to think we do.

Coronavirus and the economy: We didn’t prepare for tough times

South Africa was well-placed for the 2008 crisis. But R3.18-trillion debt and low growth hamper its ability to limit the economic effects of Covid-19

(John McCann/ M&G)

Pensioners lose out to ‘greedy’ firms

A recently released report reveals how big players in the pensions industry have benefited by leaving policy holders out in the cold

Michael Prinsloo, managing executive for research and product development at Alexander Forbes. (Photo: Petrus Alexander Smith)

Important for members to be accountable for their own retirement

Your employee pension is often inadequate for your retirement needs

The central executive committee of the Association of Mineworkers and Construction Union has unanimously passed a vote of no confidence in the union’s suspended deputy president Nkosikho Joni.
(Delwyn Verasamy/M&G)

Retirement fund fracas splits Amcu

Internal battle over control of members’ retirement savings widens rift

Salah arrived for rehabilitation in Valencia on Sunday

RAF, Medscheme marriage under the spotlight

Controversial RAF Project Siyenza has become even more contentious, as links between managers are revealed

KPMG announces who will get its Gupta earnings (Photo Archive)

Moses Kgosana resigns from Alexander Forbes amid Gupta allegations

The former KPMG chief executive accused of having a cosy relationship with the Gupta family has resigned from his post at Alexander Forbes Africa.

A ‘new wave’ of companies could list on JSE, says Goldman Sachs

A number of private portfolio exits could spark several companies to list on the stock exchange, says the top underwriter of IPOs.

Investing for inflation: Part Two

With-profit annuities provide you with an income for life, together with an annual increase. But will they keep up with inflation?