Leadership Transition at Absa Group: Chairman Sello Moloko to Step Down Absa Group has announced that Mr Sello Moloko will step down as Chairman and Independent Non-Executive Director of the Board, effective 15 July 2025. His departure marks the end of a pivotal chapter in the Group’s leadership journey, during which he helped steer the [...]
Tax Freedom Day 2024: A Wake-Up Call for South Africa On 11 May 2024, South Africans finally started working for themselves instead of the government. That day marked Tax Freedom Day (TFD)—the symbolic date when the average citizen has paid their full tax bill for the year and begins to earn for themselves. TFD highlights [...]
Finance Minister Enoch Godongwana has reached a settlement with the Democratic Alliance (DA) and the Economic Freedom Fighters (EFF) in response to their legal challenge against the national budget passed by Parliament in March. The Western Cape High Court has ruled that the fiscal framework adopted by Parliament be set aside, effectively suspending a proposed [...]
The Absa Merchant Spend Analytics Report for February 2025 reveals a broad decline in card spending and transaction volumes, though the pace of decline has eased since January. Amid economic uncertainty, the report highlights shifting consumer behaviour, the growth of online shopping, and the resilience of South Africa’s evolving township economy. Moderation in expenditure declines [...]
With unemployment stubbornly hovering around 34% and the climate crisis intensifying, South Africa stands at a pivotal crossroads. The answer to both challenges may lie in an underutilized but rapidly growing sector: green jobs. As the world shifts toward sustainability, South Africa has a prime opportunity to harness green industries to drive economic growth and [...]
