Today, the rand dropped to a low of R14.15 against the dollar, prolonging its overnight losing streak. The currency nosedived after the Treasury announced that the Hawks had sent a letter requesting that Finance Minister Pravin Gordhan report to the Hawks tomorrow morning.
A credit provider was forced to write off a woman’s debt of five loans valued at over R140 000 after the Credit Ombud intervened.
President Jacob Zuma’s rhetoric prior to the municipal elections on Wednesday points to desperation. The Democratic Alliance (DA) is gaining popularity, while the African National Congress (ANC) has lost ground.
In the last year, nearly nine million South Africans have fallen victim to cybercrime and credit card scams, according to a Norton Security Survey. Both FNB and Standard Bank were recently targeted by scammers, begging the question: how safe are our banks?
Well, in order to best answer that question, we would like to create a scenario that you can maybe relate to. One man (let’s call him Jim) is currently permanently employed and has been working for the same company for the last 3 years. Jim’s current salary is R15,800.00 a month, which he clears after tax.