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 […]
In an exciting move for South Africa’s township economy, Tiger Brands has stepped in as the title sponsor for the Kota Festival Tour, aiming to amplify the success of the informal sector and create new job opportunities over the next three years. The partnership highlights the growing importance of local brands working together to drive […]
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, […]
As blockchain technology continues to evolve, the need for seamless, cost-effective, and efficient methods of transferring stablecoins becomes more pressing. With several blockchains offering promising features for these transactions, one that stands out in particular is Tron. While the blockchain space is often crowded with options, Tron has emerged as a desirable option for transferring […]
The world of cryptocurrency continues to captivate investors, traders, and enthusiasts alike. As we navigate through December 2024, the crypto market is experiencing some fascinating shifts. From regulatory developments to market momentum, there are numerous factors influencing the value of digital assets. Market Sentiment After a turbulent year in 2023, the cryptocurrency market has shown […]
The City of Tshwane has taken a significant step toward financial recovery with the announcement of a settlement deal with Eskom to clear its R6.67 billion historical debt. The agreement, formalized as a court order on November 26, 2024, is a crucial turning point in the city’s long-standing struggle with financial instability. Under the terms […]
The End of an Era: Tupperware Shuts South Africa Operations Amid Growing Challenges In a significant blow to South Africa’s economy, Tupperware has announced it will cease operations in the country at the end of December 2024, resulting in widespread job losses. The closure marks the end of a decades-long presence in the region for […]
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