International bank calls it quits and trouble for South Africans earning over R20,000 per month

Here are the 10 biggest stories that you may have missed on BusinessTech this week. The sixth-largest bank in the world is no longer operating as a bank in South Africa, joining its peers in exiting the continent. [BusinessTech logo]( [Top stories this week]( [◼ International bank calls it quits in South Africa]( The sixth-largest bank in the world is no longer operating as a bank in South Africa, joining its peers in exiting the continent. [◼ Big trouble for South Africans earning more than R20,000 per month]( South Africans are being hit hard by high interest rates and high inflation - and debt levels are rising to record levels. [◼ Big turn for petrol prices in South Africa lined up for June]( The first week of May has yielded positive data for fuel price recoveries - which is good news for motorists in South Africa. [◼ Hijackers have a new target in South Africa – risking insurance premium hikes]( Tracker says hijackers have a new target in South Africa thanks to the surge in online shopping. [◼ What will happen to Shell petrol stations in South Africa]( LFWA CEO Peter Morgan reveals what Shell leaving South Africa means for its petrol stations and those who work at them. [◼ R500 billion ‘day zero’ for South Africa is coming]( South Africa is facing a major gas shortage in 2026, with the government seemingly asleep at the wheel. [◼ Massive turn for load shedding in South Africa: Eskom]( Eskom says that it has seen a massive turn in its plant performance - which should set South Africa up for an easier winter. [◼ How much you would have if you invested R1,000 in Woolies, Pick n Pay, Shoprite, and more in January]( The depressed consumer environment has significantly impacted share prices in 2024, including South Africa's major grocery retailers. [◼ The ‘truth’ behind no load shedding – according to Andre De Ruyter]( Ex-Eskom CEO Andre de Ruyter gives his views on South Africa's big break from load shedding - and what he thinks will become of the utility in the future. [◼ Changes for divorce in South Africa signed into law]( South Africa has new divorce legislation, two years after the Constitutional Court found the Divorce Act to be lacking. [Facebook]([Twitter]([LinkedIn]([YouTube]( [Manage your preferences or unsubscribe]( • [View PDF]( • [Pause Subscription]( • [View Online]( This email was sent to {EMAIL} on 12-05-2024 This is intended for opt-in communication only. If you feel this email is unsolicited please [report it]( to us Email Powered By Everlytic