Financial Planning

Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game.

Business and Finance Article

In the wake of Eskom scandal, two Deloitte directors resign

Apr 9, 2020

While the world is focused on the coronavirus pandemic, Deloitte has been making major changes to senior management.Last month, Deloitte agreed to pay back R150-million to Eskom to settle a case involving a contested consulting contract. (You can read amaBhungane’s...

Goldman sees virus causing $75 billion funding hole in Africa

Apr 9, 2020

The funding needs of governments in sub-Saharan Africa could rise by $75 billion (about R1.3 trillion at current exchange rates) as the coronavirus pandemic hammers their economies, according to Goldman Sachs Group."Possibly the most severe impact of the crisis will...

Uber rival Bolt seeks state aid after banks decline loan request

Apr 9, 2020

Ride-hailing company Bolt Technology OU is seeking credit support from the Estonian government after a switch to quarantine-friendly services failed to sufficiently improve its finances and banks turned down requests for loans.The service formerly known as Taxify, a...

Coronavirus could push half a billion Africans into poverty, Oxfam warns

With the World Bank predicting that the ongoing economic impact of the coronavirus could push Sub-Saharan Africa into its first recession in over 25 years, international charity organisation Oxfam is urging rich countries to step in and help poorer nations prevent...

Stocks surge on the back of additional Fed stimulus pledge

The JSE had a seesaw session on Thursday as it swung between gains and losses before closing firmer on the day.Gains across most global markets strengthened in the afternoon session as the US Fed announced a series of steps to inject a further $2.3 trillion in...

Global powers scramble as WTO braces for ‘worst recession of our lifetimes’

World powers scrambled on Thursday to build a global response to the human and economic catastrophe caused by the coronavirus epidemic, as death tolls in the US and Europe soared higher.In a locked-down New York, the UN Security Council was to meet on the pandemic for...