CAPE TOWN – The Economic Freedom Fighters (EFF) are once again challenging Finance Minister Enoch Godongwana, this time over his recently announced fuel levy hike. The party is heading to the Western Cape High Court on Tuesday, arguing that the increase was implemented through an unconstitutional process. Last Thursday, the EFF filed court papers aiming
FNB Focuses on Fee Fairness in Digital Payment Space First National Bank (FNB) is recalibrating its fee structure, ushering in a series of changes designed to enhance affordability and transparency for customers, particularly those using its Easy PAYU account. Effective 1 July 2025, these changes will touch various aspects of the bank’s offerings, including transaction
The Association for Monitoring and Advocacy of Government Pensions (AMAGP) has exposed the alarming loss of R33 billion in government pension savings. The group claims politically motivated and high-risk investments by the Public Investment Corporation (PIC) have caused the devastating erosion of funds intended for retired public servants. AMAGP, representing around 8,000 Government Employees Pension
South African drivers can look forward to a slight break at the pumps next week, even as the government prepares to implement an increase in the general fuel levy. Despite the planned hike, latest projections from the Central Energy Fund (CEF) show an encouraging drop in fuel prices. The upcoming increase, announced by Finance Minister
South Africans will get a slight reprieve from rising costs as the South African Reserve Bank (SARB) has officially cut the repo rate by 25 basis points, bringing it down to 7.25%, while the prime lending rate now sits at 10.75%. This marks the first interest rate cut in some time, offering a sigh of
Amid a surge of panic-inducing posts on social media, Eskom has strongly denied allegations that South Africans should brace for 14-hour power cuts this June. The utility moved quickly to dismiss the widespread claims, which have stirred unnecessary fear and confusion among the public. According to Eskom, no such lengthy power outages are scheduled, and
The South African Social Security Agency (SASSA) has uncovered a massive case of grant fraud, identifying over 210,000 dishonest beneficiaries who failed to declare accurate personal and financial information. This revelation comes as SASSA ramps up its fraud detection and compliance efforts. The agency confirmed that these beneficiaries were flagged after joint investigations with registered
The South African Social Security Agency (SASSA) is set to introduce stricter controls on social grant payments starting in 2025. These new verification measures aim to eliminate fraud and ensure that only qualifying citizens benefit from the system. Finance Minister Enoch Godongwana announced the sweeping changes during the 2025 Budget Speech. He emphasized the government’s
The South African Social Security Agency (SASSA) has officially announced the grant payment schedule for June 2025. This announcement covers all major social assistance grants including the Older Persons, Disability, and Child Support grants. These payments are vital for millions of South Africans, and the confirmed schedule helps beneficiaries avoid long queues and financial uncertainty.