STANDARD BANK LAUNCHES SOUTHERN AFRICA’S FIRST SHARI’AH-COMPLIANT OVERDRAFT

Africa’s biggest lender, Standard Bank, has launched the first-ever Shari’ah-compliant overdraft facility in Southern Africa, marking a transformative milestone for Islamic Finance on the continent. Designed to empower business owners with more Shari’ah-compliant solutions, the product adds to a long list of Standard Bank’s innovative solutions to meet the unique needs of Africa’s growing demand…

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SARB UNCHANGED RATES DECISION LIKELY MEANS PROPERTY MARKET ACTIVITY REMAINING MEDIOCRE AND REAL VALUSE CORRECTING FOR THE TIME BEING

John Loos Today’s unchanged repo rate decision was as expected by FNB. This means that the SARB has kept interest rates unchanged since May 2023, after a prior 475 basis point hiking cycle staring late in 2021. Although CPI inflation is within the SARB’s 3-6% target range, at 5.6% it is near to the upper target limit,…

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HOW CAN WE GROW YOUNG FEMALE ENTREPRENEURSHIP IN SOUTH AFRICA?

 Linda McClure South Africa, like many countries globally, grapples with the challenge of youth unemployment. This is supported by statistics indicating a 45,5% unemployment rate among young individuals (aged 15-34 years), in contrast to the national average of 32,9% in the first quarter of 2024. It’s clear, though, that the struggle continues for many South African…

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