Tag: Standard Bank

Exports could hold the key to South Africa’s economic recovery and growth. South Africa is experiencing a record trade surplus in the wake of the COVID-19 pandemic with our exports far outpacing imports. Recent data released by the South African Revenue Service showed that South Africa recorded a trade surplus of R51.4 billion in April 2021, surpassing market expectations of R31 billion.

COVID-19 has impacted the globe in unimaginable ways. While all industries and sectors have been altered to varying degrees Africa’s Technology, Media, and Telecom (TMT) sector has for the most part seen a boon because of the pandemic.

It is a key objective for many wealthy families and those who own businesses to leave a legacy while encouraging entrepreneurial spirit, underpinned by the family’s core values. There are various challenges families face when transferring family offices from one generation to the next, but there are also opportunities that can protect the family’s legacy while enabling individuals to forge their own paths.

Many people re-discovered their enthusiasm for local production during the disruptive, bewildering early days of the pandemic. The result is 'localisation', an emerging global trend that could revitalise local factories. If we respond quickly and wisely, there are three obvious benefits: economic resilience, more balanced trade, and greater fixed investment.

A study conducted by research firm In On Africa revealed that 86% of Small Medium Enterprise (SME) owners use their smartphones for business purposes. While 60% of the SME owners also feel that limitations posed by lack of a reliable internet connection, reliable services or financial solutions pose a threat to the success of their business.

South Africa’s banking sector is increasingly moving towards a ‘marketplace without boundaries’, shaped by the fast-approaching entry of new digital players challenging the status quo in the market, and driving unprecedented levels of innovation.

From car and home insurance, to life and medical policies, there are literally hundreds of different types of insurance options available to the public. Figuring out which basic policy meets your requirements can be confusing, so we have constructed a helpful matrix to help you discern the important differences between the two options.

Samsung Electronics has introduced its mobile payment service, Samsung Pay, to South Africa. Samsung Pay is now available in 24 markets worldwide, the local launch underscores Samsung’s commitment to delivering a secure and convenient mobile wallet experience to consumers worldwide.