State collapse and medical aid price hikes

Here are the 10 biggest stories you may have missed on BusinessTech this week | Discovery Health Medical Scheme (DHMS) has announced the annual increases in member contributions for 2024, with a weighted average increase in gross contributions coming out to 7.5%. [BusinessTech logo]( [Top stories this week]( [◼ Discovery announces price hikes for 2024 – here’s how much more you’ll be paying]( Discovery Health Medical Scheme (DHMS) has announced the annual increases in member contributions for 2024, with a weighted average increase in gross contributions coming out to 7.5%. [◼ CEO warns of state collapse in South Africa]( South Africa has no choice but to cut government spending, says Business Leadership South Africa (BLSA) chief executive Busi Mavuso – the only other option is for the country to fall into a financial crisis and face collapse. [◼ Major new shopping mall opening in South Africa next month]( A new 11,000 sqm mall will launch in Polokwane, Limpopo next month and will feature several prominent retailers in the food, finance, health and lifestyle sectors. [◼ Trouble for South Africans earning less than R10,000 a month]( Capitec chief executive officer Gerrie Fourie says that South African consumers are under pressure, and the bank has had to tighten up its lending conditions to ensure that it keeps a lid on credit impairments and its loan book remains healthy. [◼ How much you need to earn to finance the cheapest BMW, Audi, and Mercedes in South Africa]( The prices of new cars have increased substantially in South Africa, and those wanting to finance the cheapest models from Audi, BMW, or Mercedes-Benz will have to be among the top 7% of the country’s income earners. [◼ All 29 bank branches where you can get your Smart ID and Passport in South Africa]( Banking group Absa has confirmed that it now offers Home Affairs Smart ID and Passport services at six of its branches in South Africa, taking the total number of bank branches in the pilot to 29. [◼ Solar isn’t doing what it’s supposed to in South Africa]( Despite the pain of load shedding and high electricity prices, most buyers in South Africa do not want to pay a premium for backup power systems. [◼ Warning over petrol and diesel prices for the rest of 2023]( The expected petrol and diesel price hikes on the cards for next week are trending slightly lower than in the middle of the month – but alarm bells are ringing over rising oil prices, which threaten to keep the pressure on for the rest of the year. [◼ You could be fired because of your co-worker in South Africa]( South African employees can be fired for the misconduct of their colleagues, however, the decision must be legally fair and just. [◼ It’s a good time to braai in South Africa – but definitely skip the potato salad]( While Heritage Day – the so-called “braai day” – is past us, South Africans can afford to have more than one gathering around the fire, with meat prices continuing to drop. [Facebook]([Twitter]([LinkedIn]([YouTube]( [Manage your Preferences]( • [View PDF]( • [Pause Subscription]( • [View Online]( This email was sent to {EMAIL} on 01-10-2023 is intended for opt-in communication only. If you feel this email is unsolicited please [report it]( to us Email Powered By Everlytic