BusinessTech

South African investors expect better returns – despite economic shock

Despite a historic decline in gross domestic product (GDP) for the second quarter of 2020, economists at the Bureau for Economic Research (BER) have noted a spike in the local equities market – a sign that perhaps investors believe South Africa’s economic environment can only improve. “Despite the horrible, albeit largely as expected, SA GDP …

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South Africans can now apply for social grants online – here’s how it works

From Monday (14 September) social grant applicants will be able to apply for certain social grants online, the South African Social Security Agency (Sassa) says. The pilot project will at this stage cover the Child Support, Older Persons, and Foster Child grants and Sassa said that other grants will also be added to the portal …

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Bidvest warns of retrenchments amid ‘extraordinary levels of uncertainty’ in South Africa

The Bidvest Group said it delivered a credible financial performance for its full year ended June 2020, despite the headwinds presented by an already constrained South African economy pre-Covid-19 and the pandemic’s severe impact on the final quarter. However, it said that the current conditions has meant retrenchments across its entire group. At the start …

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4 new lockdown changes for South Africa

Government has published a series of directives which update the country’s lockdown rules in a number of areas, including the opening of pre-schools and visiting old-age homes. With President Cyril Ramaphosa reportedly set to announce a move to a level 1 lockdown this week, the directives further relax restrictions and provide clarity on lingering issues …

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Netflix launches R39 a month mobile plan in South Africa

Streaming company Netflix has launched two new subscription plans in South Africa that are aimed specifically at mobile devices. The Mobile and Mobile+ plans are priced at R39 and R59 per month respectively, with the more expensive plan also allowing users to watch shows on their laptops. The Netflix Mobile plan offers one simultaneous stream …

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South Africa’s economy likely worse than forecast: Mboweni

Finance minister Tito Mboweni says that South Africa’s second-quarter contraction in gross domestic product (GDP) is larger than expected by both the National Treasury and the Reserve Bank, which raises the risk that the GDP outcome for 2020 could be worse than previously thought. Mboweni said in an opinion piece for the Sunday Times, that …

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Create the best user experience for your customers with a smartphone app and website from JustSolve

Apps and websites are the best ways to engage with your customers and stakeholders as well as manage your business systems. However, when starting a new tech project to create or improve their app or website, many businesses either spend too much time crafting detailed requirements for the project or jump straight into months of development without proper planning. These are problems …

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This one trend is a good sign for South Africa’s property market – and for buyers

Prospective property buyers are looking online to see what they can afford, as they make the most of the lowest lending rate in recent years, says bond originator, BetterBond. The group has reported a 123% increase in online pre-approvals since June. “If these pre-approvals translate into sales, it could provide the much needed stimulus the …

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The court case all dog owners in South Africa should know about

A new judgement from the Supreme Court of Appeal will have major implications on the rights and responsibilities of dog owners in South Africa. The judgement, which was handed down on Friday (11 September), revolved around a gardener and refuse collector, who was was attacked without any warning or reason by three dogs on the …

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