South Africa’s rand experienced renewed pressure against the U.S. dollar in September 2026 due to soaring oil prices, a rising greenback, and falling precious metal prices – all of which resulted in another shock to the nation. This news is especially significant as South Africa is a net importer of oil and has a strong […]
The price of Brent crude is approaching the level of $109 per barrel, which may add to the pressure on African economies that rely mostly on fuel imports as conflicts in the Middle East disrupt shipping through the Strait of Hormuz and the Red Sea. The price of Brent hit $109.97 on September 11 before […]
Unemployment Rate in South Africa has climbed sharply to 33.6% in Q2 2026, highlighting growing pressure on workers, businesses, and the country’s economy. South Africa is witnessing a greater level of unemployment, with the rate rising from 32.7% in the previous quarter, according to recent labour market data. From the above numbers, one can see […]
Among African investors, Fixed Deposits and Money Market Funds remain two of the safest methods of growing savings while not taking any investment risks. Fixed Deposit vs Money Market Fund Africa, These investments prioritize the preservation of the invested capital; however, both have different financial objectives. The choice of which method to use will depend […]
Many people indeed prefer fixed deposits because they involve relatively low risk levels and earn through investment. Best Fixed Deposit Interest Rates Africa, Fixed deposits offer interest rates that vary depending on various factors like the rate of inflation, interest rates, deposit amounts, and investment periods. The following countries are currently offering good returns on […]