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 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 […]
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 […]
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 […]
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 […]
Monday to Friday 11:00AM - 5:00PM 
