Latest news with #R21
The Citizen
14 hours ago
- Business
- The Citizen
Africa top 200 report: South African brands take top 10 spots
The top 10 brands include network operators, banks and retail groups. The top 10 most valued brands in Africa are all South African, with Africa's largest mobile network operator, MTN, retaining first position. Brand Finance, responsible for compiling the report of the top 200 brands in Africa, commenced in 2020. Since its establishment, MTN, headquartered in Johannesburg, has consistently held the top spot. According to the report, the network operator has a brand value of $2.9 billion (more than R52 billion). Nigeria remains a substantial market for MTN, boasting a substantial subscriber base. ALSO READ: Can Pick n Pay's new look fix their troubles? New store design revealed Top 10 South African brands Jeremy Sampson, executive chair of Brand Finance Africa, said: 'The dominance of banking, telecoms and retail brands in the Africa 200 2025 ranking truly highlights that these companies are vital to the daily lives of African consumers and that these sectors are driving the continent's emerging economies. 'Their continued growth, despite fierce global competition, proves that African brands can stand shoulder to shoulder with the world's best, offering high-quality products and services that resonate across the continent and globally.' The top 10 brands include network operators, banks and retail groups. South African brand values Brand value is understood as the net economic benefit that a brand owner would achieve by licensing the brand in the open market. 'In addition to calculating brand value, Brand Finance also determines the relative strength of brands through a balanced scorecard of metrics evaluating marketing investment, stakeholder equity and business performance,' reads the report. MTN – $2.9 billion (more than R52 billion) Vodacom – $2.5 billion (more than R45 billion) Standard Bank – $2.2 billion (more than R39 billion) FNB – $1.7 billion (more than R30 billion) Absa – $1.5 billion (more than R28 billion) Checkers – $1.4 billion (more than R25 billion) Woolworths SA – $1.3 billion (R23 billion) Nedbank – $1.2 billion (more than R21 billion) Investec – $1.2 billion (more than R21 billion) Shoprite – $1.2 billion (more than R21 billion) ALSO READ: Where do you shop for jeans? Survey reveals Mr Price is SA's most loved store Checkers earns outstanding domestic brand 'Brand Finance research reveals that Checkers earns outstanding domestic brand perceptions across several brand strength metrics, including likeability, consideration and recommendation. 'Data also shows that Checkers outperforms leading global counterparts when compared to their respective home markets, including Walmart in the US, Coles in Australia and Marks & Spencer in the UK,' reads the report. The report also includes other South African brands which are believed to be fast-growing. One of the brands is Capitec bank, which held the 28th position in 2024, but now sits at 14th. It has doubled its brand value to $1.1 billion (more than R19 billion). The report also included Clicks, Pick n Pay, Mr Price, Outsurance and Dis-Chem. NOW READ: Capitec CEO tops banking pay charts — but how do staff salaries compare? A look at how SA's top five banks pay
IOL News
2 days ago
- Business
- IOL News
Everyday items in South Africa cost R1 808 more than a year ago
Oils and fats prices increased 5.6% year-on-year, while the price of fruits, nuts, and vegetables jumped between 10.3% and 13.5% year-on-year. Despite this positive trend, the compounding nature of inflation means that prices for essential goods continue to rise each month. According to Statistics South Africa's latest inflation report for May 2025, the consumer price index stands at 2.8% year-on-year, a notable improvement from the 5.2% recorded a year prior. The cost of living in South Africa has shown signs of slowing, with an annual decline of 2.4 percentage points; however, average monthly bills have still increased by 2.6% from May of last year, resulting in an additional R21 000 in annual expenses for households. Based on a basket of goods the average South African may be spending their money on each month, and taking compounding into account against the base price, every day items cost R1 808 more than a year ago. This is based on the most recent prices for this year, and doesn't take cost variations into account. Even without historical price data on items such as DSTV Compact Plus not being readily available, the increase amounts to R21 702 over the year. And that's allowing for lower price hikes of one item offsetting the increase in others. It's worse if you smoke or drink – those items on average went up year-on-year by 4.3%. If your weekend party stash of drink cost R1 000 last May, it went up by R43. That, based on advertisements from liquor stores, is worth almost half the cost of a six pack of beer.
IOL News
2 days ago
- Business
- IOL News
Soaring living costs add over R21,000 a year to household bills
Statistics South Africa's latest inflation publication, for the May 2025 period, shows that the consumer price index was 2.8% on a yearly basis last month. This compares well with a year ago, when it was 5.2%. However, inflation compounds and items keep going up every month. Image: Kampus Production Even though the increase in the cost of living has slowed substantially over the past year, declining by 2.4 percentage points year-on-year, your average monthly bills will still, in theory, have increased 2.6% between last May and now – adding R21 000 to bills over a year. However, Numbeo figures show that Johannesburg is among the cheapest cities in which to live, with only Delhi (India) and Rio de Janeiro in Brazil having a lower index. Statistics South Africa's latest inflation publication, for the May 2025 period, shows that the consumer price index was 2.8% on a yearly basis last month. This compares well with a year ago, when it was 5.2%. However, inflation compounds and items keep going up every month. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Based on a basket of goods the average South African may be spending their money on each month, and taking compounding into account against the base price, every day items will have cost R1 808 more than a year ago. The figures were worked out using a nifty inflation adjustment calculator. This is based on the most recent prices for this year, so it doesn't take cost variations into account. Even without historical price data on items such as DSTV Compact Plus not being readily available, the increase amounts to R21 702 over the year. And that's allowing for lower price hikes of one item offsetting the increase in others somewhat. It's worse if you smoke or drink – those items on average went up year-on-year by 4.3%. If your weekend party stash of drink cost R1 000 last May, it went up by R43. That, based on advertisements from liquor stores, is worth almost half the cost of a six pack of beer. Investec economist Lara Hodes breaks down the contributors to May's inflation print. 'Within the food basket, meat price inflation, which holds the highest weighting rose to 4.4% year-on-year from 3% year-on-year in April,' she wrote in a note. Moreover, Hodes wrote, oils and fats prices increased 5.6% year-on-year, while the price of fruits, nuts, and vegetables jumped between 10.3% and 13.5% year-on-year. The good news is that the rate of increase in the cost of living was in line with economist's consensus. IOL
The South African
04-06-2025
- Business
- The South African
Springboks: Highest-paid players and their staggering salaries REVEALED!
The Springboks boast some of the highest-paid players in World Rugby. Being back-toback Rugby World Champions certainly has it's perks if you're a Springboks player. Several top Bok stars salaries have skyrocketed in recent years. Meaning, many Springboks are amongst rugby's highest-paid. So, let's see how they compare with each other. Cheslin Kolbe Faf de Klerk Siya Kolisi Eben Etzebeth Handre Pollard DashTicketsNZ recently published the reported top 30 highest-paid rugby players on the planet. Meanwhile, four Boks made the list with Kolbe, De Klerk, Kolisi and Pollard all amongst the top 10 highest-paid players on the planet. According to this report, Kolbe is the highest paid Springboks player. He takes home a whopping £930 000 a season. This equotes to R22.4 million a year playing for Japanese outfit Suntory Sungoliath. Thus, making him the fourth highest-paid player in World Rugby. Surprisingly, Faf is the second highest-paid Bok and the fifth top-earner in World Rugby. He earns £900 a season playing for Yokohama Canon Eagles in Japan. This equotes to R21. 68 million a season. Thereafter, Springboks captain Kolisi is the highest-paid local South African player. He takes home a staggering £808k per season playing for the Sharks. This equotes to roughly R19.5 million a season. Whilst, Etzebeth was not noted on the publication we have it on good authority that he takes home over R18 million a season. Therefore, he is the fourth highest-paid Springboks club rugby player. Finally, Bok pivot, Pollard is the fifth highest-paid Bok. He takes home a reported £610k a season. This equotes to roughly R14.69 million a season. This amount will be matched by the Bulls next season. *Please note: These are the reported club earning of the Springboks players and do not include their national earnings. WHICH SPRINGBOKS PLAYER DO YOU THINK DESERVES TO BE THE HIGHEST-PAID? WHO SHOULD EARN MORE AND WHO SHOULD EARN LESS? Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1. Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
The Citizen
26-05-2025
- Health
- The Citizen
Farmers ‘on the edge' over crippling foot and mouth disease
The most affected provinces were KZN, Mpumalanga, Limpopo and Eastern Cape. Livestock farmers warn they may soon go out of business if the government does not support those affected by the preventative measures for foot and mouth disease (FMD). But the agriculture department blamed farmers for not adhering to the preventive measures. Hennie de Wet, a farmer based in Nquthu near Dundee, KwaZulu-Natal (KZN), said the FMD preventative measures, introduced during the FMD outbreak in 2021, include the prohibition of slaughtering and transporting livestock. Affected provinces The most affected provinces were KZN, Mpumalanga, Limpopo and Eastern Cape. Yesterday, De Wet spoke of farmers' frustration. 'Every time a farmer wants to sell or slaughter cattle, they need to go through a long assessment process,' he said. 'There is a backlog for the assessment process. It is also expensive and can cost more than R21 000. It is paid for by the farmer without any state assistance.' ALSO READ: Eastern Cape farms in quarantine after outbreak of foot-and-mouth disease Transport ban He said the government could lift the transport ban and related measures because the FMD strain in the country was not dangerous. 'One member of parliament asked how many people or livestock had been killed by the disease, and there was none,' said De Wet. He said farmers illegally transported animals during the night and sold them in other provinces. He said the situation had forced him to sell his herd of 700 cattle. 'After realising that the situation was getting out of control, I decided to sell my cattle,' he said. 'It was lucky that I found somebody to buy the cattle. With the restrictions in place, farmers are struggling to access the market. 'There are farmers I know who are failing to pay employees.' Dr Frikkie Maré, chief executive officer of the Red Meat Producers Organisation, said FMD was a state-controlled disease, and the industry can only make recommendations to the government. 'The government must realise that its responsibility does not end with disease control, but also extends to the businesses and individuals affected by the measures.' ALSO READ: Foot-and-mouth hits red meat Stock losses Asked how much had been lost since the transport restriction was implemented, Maré said it was a huge amount. TLU SA, which represents farmers, called on the government to implement a programme to help affected farmers keep operating. TLU SA general manager Bennie van Zyl said the prolonged restrictions on the movement of livestock threatened to bring farming operations to a halt. He said producers at the grassroots level are in a dire situation: 'They cannot take their animals to auctions, feedlots or abattoirs, which directly impacts their cash flow needed for essentials. 'Producers are left without any access to markets, while no alternative plans have been implemented. We are economically destroying farmers.' He said the government has failed to fulfil its legally mandated responsibilities. Livestock movement An example of this was the absence of roadblocks to monitor livestock movement in affected areas. 'This failure shifts the burden to agriculture, as farmers and organisations are now forced to monitor movement themselves through private camera systems,' said Van Zyl. 'These systems have been established and are being monitored without state contribution. 'The agricultural sector is expected to manage them and bear responsibility for a duty that legally rests with the authorities.' Zyl said the two organisations had taken their concerns to Agriculture Minister John Steenhuisen, yet nothing had been done to minimise the impact of the restrictions. He added the organisations had appealed to the government to implement a disaster management programme to enable producers to continue farming operations, but to no avail. 'The state must act urgently to protect the sustainability of farming, especially where it concerns food production and job security,' he said. Veterinary services Dipepeneneng Serage, of the national department of agriculture, said animal production and veterinary services would assist farmers with skills and knowledge on best farming practices and that farmers who qualify for government funding are financially assisted. Serage blamed farmers for not adhering to the preventative measures. 'Viral diseases do not happen by accident, but are brought by vectors. FMD is a viral disease and can only be transmitted by humans,' he said. 'If farmers and workers adhered to biosecurity measures, there would be less FMD outbreaks'. ALSO READ: Why beef producers are still optimistic about 2025, despite foot-and-mouth disease warning
