Why should nations base their trade on reserve currencies such as the US dollar? Those were the words of Russian President Vladimir Putin at the 14th annual BRICS Summit held in China in June 2022. During the Summit President Putin announced the establishment of the new BRICS reserve currency which will be backed by assets such as gold and oil...

In recent years, South Africa has taken significant strides towards achieving universal healthcare through the implementation of the National Health Insurance (NHI) Bill. This groundbreaking legislation aims to address the stark inequalities that exist within the country's...

Inflation affects interest rates in South Africa like any other country in many ways. The South African Reserve Bank (SARB) uses interest rates as a lever to cool down borrowing in the economy and discourage consumer spending, which in turn acts as a measure to counter inflation. This increase in...

On the 1 st of June 2024, just two days following the general elections, President Cyril Ramaphosa signed the Revenue Laws Amendment Bill into law. He followed this by enacting the Pension Funds Amendment Bill on June 12, laying the groundwork for the “three-pot retirement system” (often mistakenly called a two-pot system), which will take effect from the 1 st of September 2024. According to the national treasury, this system aims to encourage the preservation of retirement funds until retirement, while also allowing members to access a portion of their accumulated savings each year....

Currency manipulation is a controversial practice which typically involves the deliberate intervention in currency markets by governments, central banks, and commercial banks to artificially lower or raise the value of their currency. This manipulation can significantly affect a country's economy, trade relationships, and the job market. In recent years, South Africa has been grappling with the effects of currency manipulation, as several banks, including Standard Chartered, have been found guilty of engaging in this unethical conduct. This article will explore the concept of currency manipulation, its impact on South Africa's economy, and the measures needed to address this issue.....

The story of Eskom being a direct cancerous disease slowly deteriorating the health of South Africa's economy and its prospects. Eskom has been implementing load shedding since 2008, which is a controlled power outage, due to a lack of generating capacity as demand outpaces supply. These power...