The South African betting industry in 2024 is enjoying a boom like no other. As prefaced by the National Gambling Board (NGB) – responsible for oversight and regulation of the business – publishing its latest statistics last week. According to reports from Daily Investor, the South African betting industry took R1.1 trillion in wagers over the … Read more
When it comes to the GAC Emzoom, if you’re the sort of person who considers the origin of their ethically sourced merchandise, you may have questions about where it comes from. Firstly, GAC stands for the Guangzhou Automobile Company, and it is the twelfth – yes, number twelve – Chinese carmaker to enter South Africa. … Read more
Talk of South Africa adopting a unified BRICS currency is nothing new, following extensive media reports during last year’s (2023’s) 15th BRICS Summit held in South Africa. Nevertheless, talk of the de-dollarisation of South Africa’s economy, because the United States is no longer the lone world economic superpower, is once again under the spotlight. However, … Read more
The introduction of the South African two-pot retirement system on 1 September 2024 had financial experts worried. Primarily due to the ‘two-pot’ naming convention – one pot for saving and one pot for withdrawal – billions has flowed out of peoples’ retirement planning, because that’s what the pot is meant for. And fund managers believe … Read more
It’s good news for fans of community-based saving, because a large South African bank will offer stokvels from next year (2025). For those who are unfamiliar about the concept, a stokvel is essentially a credit union in which a group of people contribute a fixed amount of money to a common pool, says the National … Read more
The National Energy Regulator (NERSA) is in the headlines again, being urged to reject the latest Eskom tariff increase sitting on its table. As part of a three-year-old Multi Year Price Determination (MYPD), this year’s Eskom tariff increase was 12.8%. However, South Africa’s power utility wants another in the future that’s three-times bigger. But even … Read more
Above-inflation salary increases in South Africa are a rarity, but they’re not unheard of. According to the latest available data from Stats SA and its Quarterly Employment Survey (QES), these are the careers young school leavers should look into for long-time job security. In a wonderfully insightful story by Business Tech on above-inflation salary increases … Read more
