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 […]
The National Student Financial Aid Scheme (NSFAS), a lifeline for many South African students, has come under severe scrutiny after the Auditor-General (AGSA) revealed a staggering R60 billion in irregular expenditure between 2019 and 2023. The report, presented to Parliament on December 4, 2024, sheds light on the mismanagement and administrative chaos that has plagued […]
In recent weeks, a fierce debate surrounding the Basic Education Laws Amendment (BELA) Act has stirred the South African political landscape, with Education Minister Siviwe Gwarube at the center. The MK Party has criticized her decision to refuse signing the Act, describing it as a significant setback for education reform in the country. The dispute […]
As December 2024 unfolds, Eskom’s CEO, Dan Marokane, made a bold declaration to the Portfolio Committee on Energy and Electricity: South Africa will experience a loadshedding-free festive season. The statement has garnered both relief and skepticism, as the nation hopes for stable electricity supply during the holidays. But is Eskom truly ready to keep the […]
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