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, […]
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 […]
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: […]
As the world of cryptocurrency evolves, the conversation often turns to one pressing question: Will the financial sector fully accept decentralized technologies like BitTorrent blockchain? While opinions differ, there’s no denying the winds of change blowing through the finance industry, pushing it closer to crypto adoption. The Shift to ETFs: A Game Changer for Crypto […]
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 […]
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