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 | KATJA HAMILTON South Africa and the African Union are committed to ensuring the super-rich pay taxes, as proposed in a new international standard. A report suggests a 2% tax could raise $200-250bn annually, but divisions persist among G20 nations on implementation... read |
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 | KOKETSO MANO June headline inflation was 5.1%, slightly below the forecast. Core inflation slowed to 4.5%, with food prices contributing. Fuel prices fell 4.6% m/m...read |
|  | PAUL MAKUBE Headline inflation decelerated to a 2024 low of 5.1% year-on-year in June, while food inflation reached 4.1% year-on-year, the lowest since February 2020...read |
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 | Liberty employees packed 255,304 meals for Nelson Mandela Day, surpassing last year’s total and aiding 1,110 children with weekly meals... Read |
| Finance |
 | US Treasury Secretary Janet Yellen, alongside finance ministers from Brazil and South Africa, praised progress on the $400m Emerging Markets Transition Debt initiative to boost energy transition investments in emerging markets... Read |
| Accounting & Auditing |
 | ISSUED BY SAICA The South African Institute of Chartered Accountants (SAICA) is urging government institutions to prioritise the creation of a more positive and supportive working environment for qualified professionals... Read |
| Banking |
 | At the Agoa Forum, Anne Aliker praised international trade and infrastructure investments, emphasising Agoa's benefits, while urging adaptable investment and deeper US-Africa ties... Read |
| Economy |
 | ISSUED BY SAIMI The South African International Maritime Institute (SAIMI) chief executive officer, Odwa Mtati, says there is need for an Oceans Economy Strategy which will encourage further growth, investment, job creation and enhance competitiveness within the sector... Read |
 | In June 2024, the BankservAfrica Take-home Pay Index rose 6% year-over-year but slightly declined in real terms. Pensions improved nominally and remained stable in real terms... Read |
| Fintech |
 | RYAN FALKENBERG On 1 September, South Africa's retirement savings system will shift to a two-pot model, increasing provider queries and requiring effective, scalable support solutions... Read |
 | THABO MOLEFE Mobile money has improved financial access in Africa, but many remain unbanked. Data sharing can enhance credit scoring and economic inclusion by analysing diverse transaction data, fostering growth and poverty reduction... Read |
| Insurance & Actuarial |
 | The African insurance industry is transforming, driven by millennials' growing needs. Expected to grow 6.3% by 2032, it requires flexible, tailored products... Read |
| Markets & Investment |
 | LINDSEY SCHUTTERS Gold is still a big money market despite a dramatic slowdown in jewellery demand… Read |
| Taxation & Regulation |
 | BRUCE HUNT South Africa's new government could enhance employee share ownership (ESOPs) by updating tax laws, aligning with global practices to foster economic growth and equity... Read |
| Africa |
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 | The African Continental Free Trade Area (AfCFTA) Secretariat and Africa24 Media Group sign historic Memorandum of Understanding to boost Continental Free Trade Area and media collaboration... Read |
| Business |
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 | The Workplace Challenge Programme (WCP) has a huge role to play in enabling government and the private sector to work closely in bringing the performance of South African businesses to world-class standards... Read |
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 | Olea South Africa is a viable alternative to the traditional insurance brokers in Africa through an extensive network (footprint in 24 countries) led by experienced and knowledgeable entrepreneurs. |
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