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Economics
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Why Underestimating The Income Of The Top 1% Hurts Everyone
19 Sep 2024 by Tayla / No Comments
Many people consistently underestimate the income of the top 1%, and this misconception has far-reaching consequences.
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Chip-Maker Nividia Suffers Record-Breaking R5 Trillion Loss In Market Value In One Day
05 Sep 2024 by Heinrich / No Comments
Only 27 companies on the planet are worth as much as Nvidia lost in value on a terrible Tuesday.
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South Africa Kissed Another 133 Businesses Goodbye In July, Bringing Total Liquidations To 892 This Year
29 Aug 2024 by Heinrich / No Comments
Although liquidations declined by 5,3% in the first 7 months of 2024, 890 business owners have already seen their dreams shattered.
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COVID Hangover: Another Major South African Retailer Forced Into Business Rescue
20 Aug 2024 by Heinrich / No Comments
Unable to keep up with its operational costs, Cross Trainer announced on Wednesday that it has gone into business rescue, affecting 67 stores nationwide.
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South Africa Is On Track To Exit The Dirty Money Watchlist Next Year
03 Jul 2024 by Tayla / No Comments
The Financial Action Task Force has identified 22 areas that SA needs to tackle before getting off the grey list by next year.
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Study Reveals That Gen Z Is Fine With Fraud Because They Believe The Economy Is F**ked Anyway
02 Jul 2024 by Tayla / No Comments
A third of Zoomers either know someone who has committed first-party fraud or done so themselves, according to this new report.
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Barcelona Taking Drastic Steps To Rein In Soaring Housing Costs By Ending Rentals To Foreign Tourists
25 Jun 2024 by Tayla / No Comments
As Spain’s most visited city by foreign tourists, Barcelona saw a boom in short-term rentals, which basically priced the local residents out.
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Capetonians Are Starting To Feel The Strain Of Semigration
20 Jun 2024 by Tayla / No Comments
Just like the clouds rolling in over the mountains from the sea, more and more people are flooding into the Western Cape to start a new life.
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If All Goes To Plan, South Africa Could Be The First Country To Provide A No-Strings-Attached Universal Basic Income
10 Jun 2024 by Tayla / No Comments
Most political parties are all for a universal basic income, it’s just a matter of working out the details.
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The R750 Billion South African Economy Hidden From SARS
30 May 2024 by Heinrich / No Comments
Delegates at the recent Biznews Conference in London were given a peek into a hidden side of South Africa’s economy that seems to contradict the idea that the country ‘suffers from pervasive poverty and inequality’.
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You Need To Earn This Much To Be Considered Middle Class In 2024
16 May 2024 by Heinrich / No Comments
South Africans earning more than R20,000 a month are reaching record levels, but households are now spending two-thirds of their income paying off debt.
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Oil Giant Shell Confirmed It’s Getting Out Of South Africa
09 May 2024 by Tayla / No Comments
This means they’ll be selling off their downstream assets, including more than 500 service stations or forecourts nationwide, many of which have been in operation since 1902.
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Why SA’s Middle Class Is Losing Their Wealth
19 Apr 2024 by Tayla / No Comments
Middle-class South Africans are struggling since the majority of their wealth is tied up in their physical property and retirement savings.
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Jozi And Cape Town Top The List For Wealthiest Cities In Africa According To 2024 Report
17 Apr 2024 by Tayla / No Comments
The report shows that six of South Africa’s cities are on the list of the wealthiest in Africa, with Johannesburg maintaining its place as the richest city on the continent.
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An Economist’s Advice For Anyone Choosing To Stay In South Africa
24 Jan 2024 by Heinrich / No Comments
Global issues have made so-called greener pastures seem less attractive lately.
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The Reason You’re Seeing More Ships On Cape Town’s Coast And Docking At Our Ports
22 Jan 2024 by Tayla / No Comments
If you’ve walked along Sea Point’s promenade in the last while and noticed an atypical amount of cargo ships milling about, you can probably blame the attacks on ships out in the Red Sea.
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An Austrian Heiress Has Set Up A Redistribution Programme To Give Away Most Of Her Inheritance To The Citizens
11 Jan 2024 by Tayla / No Comments
I can’t help but imagine what South Africa could be if we had more people like Engelhorn in the ranks.
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Some Were Not So Chuffed With The Cape Town Tourism Sector’s Turnover This December
11 Jan 2024 by Tayla / No Comments
All indications are that the tourism sector experienced mixed fortunes over the prime tourist season.
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South Africa’s New Pension System – What Exactly Is The ‘Two-Pot’ System
05 Dec 2023 by Heinrich / No Comments
Perhaps the best advice has always been to not keep all your eggs in one pot.
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National Treasury Says Rand Manipulation Scandal Is Not Entirely To Blame For SA Economic Woes
27 Nov 2023 by Tayla / No Comments
The National Treasury set the record straight, saying that only individual clients were harmed by the bank scandal activity and not SA as a whole.
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Western Cape Outperforming Rest Of SA, In Its Economic ‘Golden Era’
08 Nov 2023 by Tayla / No Comments
We’ve all been thinking it, but FNB senior property economist John Loos just confirmed it.
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More Than 50,000 Government Workers Are Now Millionaires
03 Nov 2023 by Heinrich / No Comments
The only silver lining in this circus seems to be the silver trim your town’s municipal manager is putting on his new Mercedes.
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Another Brain Drain Is Looming – Canada And The UK Are Eyeing South African Doctors
28 Jul 2023 by Tayla / No Comments
Another mass exodus of skilled workers has been awakened by the government’s plan to implement National Health Insurance (NHI).
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‘Dead Wood, New Shoots’ – SA Businesses Are Growing More Resilient As Company Liquidations Are On The Decline
26 Jul 2023 by Heinrich / No Comments
But how are companies closing down not negative? Well, according to the people who read the financials the way we read GQ, not all liquidations are because people are going broke.
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Some People In China Are Finding Work As ‘Full-Time Children’
25 Jul 2023 by Tayla / No Comments
China’s young adults are using these hard knocks as an opportunity to go back to their childhood in a rather unique way; being hired by their parents as ‘full-time children’ to do housework and be on hand whenever needed.
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Swiss Bank Lists Most Expensive Cities In The World Right Now
22 Jun 2023 by Tayla / No Comments
The world’s most expensive city to live in right now is a bit of a new and surprising contender.
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Our Central Bank Is Preparing For The Total Power Grid Collapse
31 May 2023 by Tayla / No Comments
While some reckon a total system collapse is unlikely to occur, it is not impossible, according to The South African Reserve Bank’s Deputy Governor Kuben Naidoo who spoke of a contingency plan in case.
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You Know The Rolling Blackouts Are More Serious When Pick N Pay’s Chairperson Is Worried About Food Shortages And Social Unrest
05 May 2023 by Tayla / No Comments
While our politicians are fighting about who to blame for the lack of power in this country, our supermarkets are struggling to keep enough food on the shelves to feed the people.
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Capitec Data Shows That South Africans Are Getting Poorer
25 Apr 2023 by Tayla / No Comments
And we’re not even talking about Tuesday when Capitec clients opened their accounts on payday only to find a heart-and-gut-wrenching bank balance of R0,0.
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When SA’s Economy Is On A Precipice, The R10m-R100m Property Market Booms
12 Apr 2023 by Tayla / No Comments
I know, it feels like dire times, and yet the luxury property market is absolutely booming.
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