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Struggling South Africans Urged to Rethink Debt Help

South African consumers are facing significant financial pressure amid a perfect storm of rising interest rates and inflation, driven by higher fuel, municipal tariffs, electricity, and insurance costs. In late May, the Monetary Policy Committee (MPC) increased the repo rate by 25 basis points to 7% after three years of rate cuts. Consequently, commercial banks’…

Barbeques Galore business to be wound up

Barbeques Galore has not secured any offers “capable of acceptance or implementation” since the company entered voluntary administration in February 2026, so the business will be wound up on June 16, according to the firm that led the sale process, Ankura. It is expected that 62 stores will be closed and the remaining 27 franchise-owned…