Category: Finance
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How Corporate Solutions Fuel Entrepreneurial Success
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Africa’s business landscape is sizzling. With a young, energetic population and a growing middle class, the continent offers a vibrant market brimming with opportunity. But navigating this dynamic environment can be tricky for entrepreneurs, especially those venturing into new territory. This is where “corporate solutions” step in, offering a powerful…
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South Africa’s Financial System Stable Despite Global and Domestic Challenges, Central Bank Asserts
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By Samkele Mchunu In a recent statement, South Africa’s central bank expressed confidence in the resilience of the country’s financial system, despite facing a myriad of challenges from both international and domestic fronts. The South African Reserve Bank (SARB) highlighted the impact of global elections, ongoing geopolitical tensions, and weak…
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Here is the official petrol price for June
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Latest Fuel Price Adjustments in South Africa: A Relief for Motorists The Department of Mineral Resources and Energy has announced the latest fuel price adjustments, which will take effect from Wednesday, 5 June 2024. This development brings much-needed relief to motorists, as fuel prices have been decreasing for the month…
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Fintech Innovation Offers Relief from South Africa’s Debt Crisis
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South Africans struggling with debt due to traditional credit options can rejoice! Fintech companies are offering innovative solutions that allow consumers to avoid the pitfalls of credit cards and store accounts. This surge in Fintech solutions comes in response to a growing debt crisis, often attributed to a lack of…
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Can Zimbabwe’s New Gold-Backed Currency Overcome Public Skepticism and Crackdowns?
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Zimbabwe’s latest attempt to stabilize its economy through the introduction of a gold-backed currency, the Zimbabwe Gold (ZiG), has met with public skepticism and stringent enforcement measures. Despite extensive promotional efforts, including a patriotic song by reggae artist Ras Caleb, the ZiG faces substantial hurdles. The government launched the ZiG…
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Health Ministers: Pioneers of Global Healthcare Transformation
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The annual meeting of the World Health Assembly (WHA) is in full swing, underscoring the theme “All for health, health for all.” This theme encapsulates a pressing global issue: ensuring equitable access to health services for every individual without causing financial strain. While this goal remains unmet for many, the…
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South African rand near five-month high before S&P review
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South African Rand Holds Steady Ahead of S&P Global’s Credit Rating Review The South African rand remained relatively stable on Friday, maintaining its position around a five-month high as investors anticipated the forthcoming review of the country’s sovereign credit ratings by S&P Global. As of 14:35 GMT, the rand was…
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The Great African Digital Transformation: Bridging access and opportunity
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Digital Transformation: The Key to Realizing Africa’s Agenda 2063 Africa’s Agenda 2063 envisions a unified, prosperous, and peaceful continent, driven by its citizens and playing a significant role on the global stage. Central to unlocking this vision is the digital transformation of the continent, a multifaceted process that extends beyond…
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SARS is coming after crypto traders – what you need to know
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SARS Targets Cryptocurrency Traders for Non-Compliance In a move to crack down on potential tax evasion, the South African Revenue Service (SARS) is actively monitoring cryptocurrency traders, according to tax experts at Tax Consulting SA. The experts warn that taxpayers must be aware of the stringent reporting requirements associated with…
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South African rand slips as Q1 unemployment rate climbs
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South Africa’s economy faces significant challenges, with rising unemployment and declining mining output weighing on the country’s growth prospects. The rand weakened against major currencies on Tuesday, reflecting these economic headwinds. The unemployment rate rose to 32.9% in the first quarter of 2023, nearing the record high reached during the…