In an era where accountability and transparency in government institutions are sorely needed, the recent suspension of SASSA CEO, Busisiwe Memela-Khambula, underscores the ongoing issues facing the South African Social Security Agency (SASSA) and the wider social assistance framework. Earlier this week, Minister Nokuzola Tolashe announced that Memela-Khambula had been placed on paid suspension as […]
In South Africa, a quiet but profound shift is taking place in how transactions are conducted. The decline in the acceptance of cash by businesses, while often framed as a step toward modernization and convenience, has significant implications for vulnerable communities. This trend mirrors global developments, such as those highlighted in the UK, and raises […]
The skies above South Africa are stormy once again, as South African Airways (FlySAA) pilots embark on a strike starting December 5, 2024. This strike, coming during the peak holiday season, highlights more than just wage disputes—it sheds light on the economic and social challenges gripping the nation. For travelers, the immediate impact is clear: […]
The world of cryptocurrency just hit a monumental milestone. Bitcoin, the flagship digital currency, has surged to an all-time high of $100,000. For seasoned investors and curious newcomers alike, this is a historic moment—and it begs the question: what’s next for the crypto space, and how can you maximize this opportunity? While some might consider […]
On December 1, 2024, South Africa officially launched its G20 Presidency—an unprecedented milestone for the African continent. President Cyril Ramaphosa, accompanied by key government ministers, emphasized the country’s responsibility to lead the world’s most influential economic forum at a time when the global landscape is shaped by crises of climate change, inequality, poverty, and rising […]
In the tumultuous world of South African politics, where legacies are forged in the fire of complex social, economic, and political challenges, President Cyril Ramaphosa’s strategic decisions over the past few weeks underscore his high-stakes gamble to both rescue his party, the African National Congress (ANC), and cement his place in the country’s political history. […]
As Bitcoin continues to grow in prominence, even traditional finance giants and governments are starting to acknowledge its value and potential as a competitor to gold. Recently, Jerome Powell, the chairman of the U.S. Federal Reserve, stated that “Bitcoin is a competitor with gold, not the US Dollar,” highlighting the increasing recognition of Bitcoin as […]
In a move that has stirred up debate across South Africa, the country’s Treasury department recently extended the deadline for public feedback on a proposed excise tax hike on alcohol. Originally due by December 13, 2024, the new deadline is set for February 14, 2025. The proposal aims to revisit and potentially increase taxes on […]
The Ironic Politics of South Africa: Politicians Living Like Celebrities South African politics has often been a stage for drama, where politicians’ actions and decisions can sometimes seem like they belong in a Hollywood script rather than the hallowed halls of Parliament. The recent approval of a salary increase for President Cyril Ramaphosa, despite opposition […]
South Africa’s economic landscape has long been a battleground between the government and corporate giants. Recently, the Portfolio Committee on Trade, Industry and Competition announced that South Africa’s five largest commercial banks — Standard Bank, FNB, Absa, Nedbank, and Investec — will be summoned to Parliament early next year. The reason? To explain their actions, […]
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