The cryptocurrency market is showing resilience today, closing with a solid 2.40% increase and pushing the total market capitalization to a staggering $3.65 trillion. As the market continues to evolve, Bitcoin retains its dominance, holding steady at 54.6% of the total market share. Meanwhile, Ethereum continues to make its mark with a 12.8% dominance, signaling […]
The South African economy is showing signs of improvement, with growth in household income and consumption. The latest data points to positive changes, especially in after-tax pay, which has increased real income by 5.2% year-on-year in October. This rise in income is boosting household spending, supporting South Africa’s GDP growth, and providing a sense of […]
In recent months, the South African Revenue Service (SARS) has been intensifying its efforts to clamp down on tax evaders. While it’s crucial to ensure that taxes are collected fairly to fund public services, many South Africans feel the system is broken, particularly when it comes to service delivery. People are increasingly questioning why they […]
South Africa’s government recently announced an ambitious plan to streamline its bloated public sector workforce by offering early retirement incentives to 30,000 employees. This initiative, detailed during the Medium-Term Budget Policy Statement (MTBPS), is expected to save the government R11 billion over two years while addressing the ballooning wage bill. But is this the real […]
1. Why 36-Month Contracts Are Becoming Common Economic Pressure on Consumers: Many consumers cannot afford upfront payments for even budget phones due to rising living costs, stagnant wages, and high unemployment rates. Spreading costs over longer periods reduces monthly expenses but increases the total cost due to interest and fees. Slowing Phone Innovation: As smartphone […]
South Africa’s economic challenges are no secret. Recently, Dawie Roodt, chief economist of Efficient Group, warned that the nation is teetering on the brink of a financial crisis due to its growing debt burden. Such dire predictions aren’t new—warnings have been sounded for decades. Yet, as a nation, we seem to watch, wait, and hope […]
The Growing Dominance of USD Stablecoins: A Threat to African Fiat Currencies? In recent years, Africa has seen a surge in cryptocurrency adoption, with Bitcoin leading the charge as a store of value and an alternative to traditional financial systems. However, a new trend is emerging that may reshape the landscape of digital currencies on […]
In recent discussions around global finance, a bold prediction made by Bernstein claims that Bitcoin could replace gold within the next decade. The notion that Bitcoin, a digital asset, could usurp gold, a centuries-old store of value, is intriguing. However, in South Africa, where the industry remains heavily invested in gold and other raw minerals, […]
In a move that has drawn both hope and skepticism, the African Development Bank (AfDB) has disbursed the first tranche of its $1 billion loan to Transnet, aimed at aiding the company’s much-needed recovery. This loan, a long-term commitment of 25 years, is the first of four planned disbursements to support Transnet’s turnaround, a company […]
Introduction In recent times, social media in South Africa has been buzzing with calls for a national shutdown, driven by dissatisfaction with the government and the president. While such movements often gain momentum, they typically fizzle out without bringing about significant change. However, during these shutdowns, businesses can face severe disruptions, including halted operations, loss […]
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