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economics
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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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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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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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Michael Burry of ‘The Big Short’ Just Bet $1.6 Billion On A US Stock Market Crash
16 Aug 2023 by Heinrich / No Comments
Michael Burry, the Big Short investor who became famous for correctly predicting the epic collapse of the housing market in 2008, has bet more than $1.6 billion on a Wall Street crash.
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The REAL Value Of The Rand – According To The ‘Big Mac Index’
07 Aug 2023 by Maya-Rose Torrao / No Comments
In 1986, The Economist invented the concept in order to find a way to compare purchasing-power parity (PPP) across the world. Basically, it’s a clever way to see if currencies are at a “correct” level, using a fast food product that can be found in every country.
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Are ‘Middle Class’ South Africans Screwed? And What The Hell Is Revenge Shopping?
08 Mar 2023 by Heinrich / No Comments
The data shows that middle-class workers appear to be turning to credit card debt to help them fund their lifestyles.
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SA’s University Graduates Aren’t Keen On Sticking Around
16 Sep 2022 by Tayla / No Comments
South Africa’s brain drain shows no sign of slowing down, according to the results of a new survey.
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Not A Great Year For South Africa’s Ultra-High-Net-Worth Individuals
03 Mar 2022 by Tayla / No Comments
The number of ultra-high-net-worth individuals (UHNWIs) grew substantially across the globe over the last two years, although the opposite is true for South Africa.
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There’s A New World’s Most Expensive City To Live In
01 Dec 2021 by Tayla / No Comments
The Economist Intelligence Unit (EIU) called it last year, saying that 2021’s most expensive city to live in would come out of nowhere due to economic changes from the COVID-19 pandemic.
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How Much The Average South African Earns During Lockdown
24 Jun 2020 by Carrie / No Comments
The pandemic has had a significant impact on the average take-home salary in South Africa as people struggle to make ends meet.
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London-Based Hedge Fund Investors Bet Big Money On South Africa
14 May 2020 by Carrie / No Comments
A hedge fund with a reputation for making risky but profitable bets has put their faith in, and bet their money on, South Africa.
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Jobs, Corruption, And Land Reform – How The ANC, DA, And EFF Compare
28 Feb 2019 by Carrie / No Comments
With the election looming large, it’s time to get to grips with how the three main politicals parties plan on handling big issues like land reform, jobs and fighting corruption.
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The New York Times Wrote A Massive Piece On South Africa And How Economic Apartheid Has Not Ended
26 Oct 2017 by Sloane Hunter / 4 Comments
The massive disparities that still exist between white and black in South Africa show how, when it comes to the economic side of things, apartheid never really ended.
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Want To Know How Bad Our Nuclear Deal With Russia Really Is? Watch This Brilliant (And Scary) Video
16 Sep 2016 by Sloane Hunter / 1 Comment
The nuclear deal with Russia is now bigger than just the environmental concerns. It’s so bad, in actual fact, that some fear our economy may never recover.
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A Downgrade For South Africa Might Be A Good Thing – This Is Why
01 Mar 2016 by Kiernan / No Comments
Time to panic Jannie, pack the bags and book the first flight outta here. Or maybe not, because sometimes things must get worse before they can get better.
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We’ve Summarised The Budget Speech For You
25 Feb 2016 by Sloane Hunter / No Comments
Finance Minister Pravin Gordhan delivered his budget speech yesterday and, although some may be a bit confused, check out our breakdown.
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If You Believe The Stock Market Is All A Load Of Crap, You Might Be Right – Read This
27 Aug 2015 by Kiernan / No Comments
There are many people out there who will say they are experts on the intricacies of the stock market. This guy has a Nobel Prize and seems like he’s onto something.
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Share Markets In Turmoil – Time To Panic?
25 Aug 2015 by Jasmine Stone / No Comments
It’s easy to think, when looking at the rand devaluing so rapidly, that we are in a real spot of bother. Here’s what our experts say on the share market turmoil.
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If You Like Money – Watch These Movies
17 Jul 2014 by Jasmine Stone / No Comments
The Guardian gives you a little lesson in Flickanomics – the art of learning about money while watching some awesome movies.
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The World Is Going Nuts For Thomas Piketty’s Book, ‘Capital In The Twenty First Century’
19 Jun 2014 by Jasmine Stone / No Comments
Piketty’s Capital in the Twenty-First Century is that rare phenomenon, an economics book that is flying off the shelves and picking up steam with a new generation.
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Here’s Warren Buffett’s Investment Tip For Bitcoin
17 Mar 2014 by Jasmine Stone / 1 Comment
Bitcoin is an incredibly divisive topic. Should you buy, should you sell? Perhaps you should ask Warren Buffett. Here’s his advice.
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Man Selling R78 Million Mansion For Bitcoin
23 Jan 2014 by Jasmine Stone / No Comments
The current world record for the largest Bitcoin transaction sits neatly at R10 million – which is a damn good showing for a currency that should really still be in its infancy.
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This Is Why Foreigner-Run Spaza Shops Outperform Locals
23 Jan 2014 by Jasmine Stone / 1 Comment
When was the last time you entered a corner shop that was locally owned and operated?
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This Global Map Of Racial Intolerance Is Troubling [PIC]
16 May 2013 by Jasmine Stone / No Comments
A worldwide survey displays the countires that are the most and least tolerant regarding race. Would the colour of your neighbour bother you?
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Map Of World Weed Use – 2012
27 Jun 2012 by Jasmine Stone / No Comments
The Economist has surprised everybody by doing something fun, using the United Nations’ World Drug Report 2012 (released yesterday) to generate a map of the world’s heaviest weed users. The Pacific island of Palau wins easily, with nearly a quarter of people aged 15 to 64 having smoked pot in the past year. South Africa does okay, too.
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There’s A Karl Marx Credit Card Now
18 Jun 2012 by Jasmine Stone / No Comments
Well, I guess it was only a matter of time before the word ‘irony’ stopped being able to quite cover it. The German bank Sparkasse Chemnitz have launched a Karl Marx credit card, after the father of Communism won in an online voting poll for new credit card designs. Somewhere a grave is spinning.
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Dominique Strauss-Kahn Invokes “Absolute Immunity,” In Civil Suit
30 Mar 2012 by Jasmine Stone / No Comments
Dominique Strauss-Kahn, recently charged for involvement in a prostitution ring, is also being accused of raping a hotel housekeeper – and since he seems to be losing that whole prostitution thing, he’s had his lawyers try to dismiss the case because his former position as head of the International Monetary Fund gives him “absolute immunity.”
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Nerds Put A Price Tag On Building A Death Star
23 Feb 2012 by Jasmine Stone / 3 Comments
The peeps over at Centives have burnt their scientific calculators to a crisp working out the approximate cost in 2012 US Dollars of building a life size, working replica of the iconic planet killing space station from Star Wars, the Death Star. Needless to say, we can’t afford it.
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Naked Ukrainian Protester Group Strikes Once Again [Mildly N5FW]
14 Feb 2012 by Jasmine Stone / No Comments
Last month we told you about Femen, the naked Ukranian protest group who tried to break into an invitation-only gathering of international CEOs and political leaders held in Davos. These politically conscious ladies have struck again, this time demonstrating outside the headquarters of Russian gas monopoly, Gazprom. See the full gallery of their passionate protests after the jump.
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Star Wars Coins Count As Real Money In Niue
19 Aug 2011 by Jasmine Stone / No Comments
Sure, why not. Tiny South Pacific island nation Niue will be accepting coins minted with the faces of Star Wars characters as legal tender, because if you’re a tiny South Pacific island nation there’s really only so much you can do to keep things exciting.
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