In the early 2000s, former President Thabo Mbeki made a statement that, at the time, was met with skepticism and resistance. He warned that South Africa would eventually face a critical shortage of schools, and yet the government would be forced to focus on building more prisons. Today, as we grapple with the growing need […]
South Africa, once a global leader in mining, has seen its reputation as a trusted mining jurisdiction plummet in recent years. Once home to some of the richest mineral deposits in the world, the country now faces a stark reality: illegal mining is rampant, and the industry is struggling to maintain its integrity. This shift […]
Unemployment among African youth has reached alarming levels, threatening not only the future of millions of young people but also the stability and economic growth of the continent. With an abundance of natural resources and a youthful population, Africa has the potential to emerge as a global economic powerhouse. Yet, the continent’s high unemployment rates, […]
The Department of Home Affairs has officially entered the digital age with the launch of its new eRecruitment platform, a move aimed at streamlining the job application process and enhancing efficiency. Minister of Home Affairs, Dr. Leon Schreiber, celebrated the platform as a groundbreaking step in the department’s journey towards modernisation. A Milestone in Government […]
As the South African government tightens regulations for spaza shop registrations, a critical aspect often overlooked is the ripple effect on local economies and the broader circulation of money. While ensuring compliance and rooting out counterfeit goods are essential for public safety, these measures could inadvertently disrupt the flow of money, especially in townships and […]
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 […]
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