Browsing: Finance

Gauteng aims to create more than 450,000 jobs by 2030 through an ambitious economic growth strategy focused on investment, industrialisation and entrepreneurship. The province’s vision was unpacked during a recent episode of Gauteng Lifve, where Gauteng Department of Economic Development Head Motlatjo Moholwa discussed how government plans to accelerate growth and strengthen Gauteng’s position as South Africa’s economic powerhouse. The conversation provides valuable insight into the province’s long-term economic plans and what they could mean for businesses, investors, job seekers and residents across Gauteng.

South Africans are facing another shake-up with fuel prices changing from 3 June 2026, with petrol increasing by R1.43 per litre while diesel prices decrease by as much as R3.24 per litre. The latest adjustments announced by the Department of Mineral and Petroleum Resources (DMPR) will affect millions of motorists, businesses and commuters across Gauteng.

South African workers earned less take-home pay in April 2026 as rising inflation, fuel price hikes and economic uncertainty placed additional pressure on household finances. According to the latest PayInc Net Salary Index, the average nominal net salary declined to R21 228 in April, marking a monthly and annual decrease.

Drivers travelling into or out of South Africa with foreign registered vehicles will soon face stricter border controls under new South African Revenue Service rules taking effect on 1 June 2026. SARS has confirmed that all foreign registered vehicles must now be declared through the SARS Traveller Management System before entering or leaving the country.

If you have ever stood at the till on the 28th of the month wondering why R200 of prepaid electricity…

South Africa’s unemployment rate increased to 32.7% during the first quarter of 2026, with Gauteng among the provinces hardest hit by job losses. New data released by Statistics South Africa shows that 345 000 jobs were lost nationally between January and March, while youth unemployment climbed sharply as 258 000 young people lost work.

A credit score can affect whether South Africans qualify for home loans, vehicle finance, credit cards, store accounts and other forms of credit. While it is only one part of the approval process, lenders use it to assess how consumers manage debt and repayments.

Gauteng’s position as South Africa’s economic hub has been reinforced following the conclusion of the Gauteng Investment Conference 2026 (GIC 2026) and the South Africa Investment Conference 2026 (SAIC 2026), where combined investment pledges exceeded R1 trillion. The two investment conferences, held at provincial and national level, are expected to influence job creation, infrastructure rollout and industrial development across Gauteng.

Tax affects most working adults in South Africa, whether they earn a salary, freelance, run a small business or receive rental income. For Gauteng residents, understanding how the South African Revenue Service (SARS) works is important because tax rules determine how much is deducted from income, when returns must be filed and whether additional payments are required. With tax season forming part of the annual financial cycle, a clear understanding of the basics can help individuals avoid penalties, remain compliant and better manage their finances.

For thousands of Gauteng residents who have recently lost their jobs, gone on maternity leave, or fallen ill, the Unemployment Insurance Fund (UIF) is meant to offer temporary relief. Yet for many, waiting for that first payment feels like an eternity.