Money Finance ZAR

06/09/2026

Eskom seeks 8.8% electricity price hike from 2027

South African electricity consumers could face another 8.8% increase in electricity prices from April 2027 if Eskom’s proposed tariff structure is approved by the National Energy Regulator of South Africa (NERSA). The proposed increase forms part of the third year of Eskom’s multi-year price determination approved in 2025.

Read more:

Eskom is seeking an 8.83% electricity tariff increase from April 2027, with NERSA now consulting consumers and businesses on the proposed structure.

06/09/2026

Discovery Bank turns profitable with R370m profit

Discovery Bank has reached a major milestone after reporting its first full-year profit of R370 million, marking a sharp turnaround from the R68 million loss recorded in the previous financial year.

Read more:

Discovery Bank has reached a major milestone after reporting its first full-year profit of R370 million, marking a sharp turnaround from the R68 million loss

06/09/2026

Cheapest bank accounts in South Africa for low-income earners

Read more:

06/09/2026

Uber exits Nigeria and Uganda in warning for African tech

Uber has ended its operations in Nigeria and Uganda, withdrawing from two African markets where it had spent more than a decade building ride-hailing businesses. The decision is the latest in a series of African market exits by the global technology company and raises broader questions about the economics of scaling technology businesses across the continent.

Read more:

06/09/2026

DStv Sports Package Launches on 17 September: What South Africans Get for R399

According to information published on DStv's website and subsequently removed, the new DStv Sports package will cost R399 per month for streaming customers.

06/09/2026

Malema proposes R4,500 monthly grant for pensioners

EFF leader Julius Malema has proposed increasing South Africa’s old-age grant to R4,500 a month, saying pensioners should receive substantially more financial support and arguing that government has enough money to fund higher grants.

Read more:

17/04/2026

Watergate Centre Mitchells Plain Acquired for R442 Million in Major Property Deal

Watergate Centre, one of Mitchells Plain’s most prominent community shopping destinations, has been acquired for R442 million in a transaction that signals continued institutional appetite for well-located township retail assets in South Africa.

The deal, reported this week, represents one of the most significant commercial property transactions in the Western Cape’s Cape Flats region in recent years. It adds to a growing list of major mall acquisitions across South Africa as real estate investment trusts and property funds accelerate their pursuit of township and community retail centres.

Link to read the full article is in the COMMENT section:

17/04/2026

Eskom Wage Increase 2026: Workers Secure 7% Annual Raise More Than Double Inflation

Eskom has formally concluded its 2026 wage negotiation cycle, securing a 7% annual salary increase for workers across the power utility, effective from 1 July 2026. The agreement covers a three-year period and is binding on all employees within the Central Bargaining Forum, including those affiliated with unions that did not sign the deal.

The 7% wage hike for 2026 onwards is more than double the current inflation rate, which sits at around 3% and is projected to reach between 3.2% and 3.5% for the year.

Link to read the full article is in the COMMENT section:

16/07/2025

PwC South Africa Invests in Future Chartered Accountants with Comprehensive Bursary Program – Money Finance ZAR

Johannesburg, South Africa – PwC South Africa continues its steadfast commitment to nurturing the nation's future financial leaders by offering comprehensive

16/07/2025

Empowering the Next Generation: The 2026 Capitec External Bursary Programme – Money Finance ZAR

At the heart of the "Ignite and Grow" campaign is Capitec's comprehensive External Bursary Programme for the 2026 academic year. This program offers more than