Tag: South
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South Africa’s most popular web browsers
With a market share of over 70%, Google Chrome is the most popular web browser in South Africa. According to GlobalStats Statcounter statistics for device-independent market share, Apple’s Safari browser is the second most popular, with a market share of just over 13%. The data analytics company examines more than 5 billion monthly page views…
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Even in the dark, South Africa continues to surprise
Early economic data for January give a glimmer of hope that South Africa can avoid a technical recession after all, say economists at the Bureau for Economic Research (BER). The country had a busy week for sector data, with January’s mining, manufacturing, retail and wholesale data set to be released this week. According to the…
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South Africa’s cheapest bank accounts
According to a MyBroadband survey of a basket of transactions, Bank Zero offers the cheapest low-cost banking service in South Africa. All of South Africa’s major conventional and digital banks offer entry-level low-cost accounts for people who prefer a pay-as-you-transact approach to products with higher monthly administrative fees. Bank accounts with monthly fees of less…
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South Africa is about to blow its budget
South Africa’s government has offered civil servants a 7% pay rise for the next financial year, more than foreseen in the February budget, complicating its efforts to rein in debt. While unions must submit a formal response to the government’s proposal on Friday, the 235,000-member Association of Civil Servants has already rejected it, wanting 8%.…
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Bad news for salary and wage increases in South Africa
The latest inflation expectations survey from the Bureau of Economic Research (BER) shows that all sectors of society in South Africa expect higher inflation to last longer – while expectations for wage and salary increases have been lower. The BER survey is conducted quarterly and polls the views of key sectors in the economy, including…
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South Africa has hit a new low – and it could get worse:
South Africa is currently experiencing the slowest growth in its modern history, and the country’s growth prospects could push living standards even lower, said Rashad Cassim, the deputy governor of the South African Reserve Bank (SARB). Speaking at a recent central banking conference in Cape Town (March 14), the deputy governor said the past few…
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Understanding South Africa’s New Pension System –
The newly proposed “two pot” pension system will offer South Africans the best of both worlds, say Robert Driman and Armand Swart of Workman’s Lawyers. The new pension system will give people early access to part of their pension funds, while leaving a large part for their retirement. The changes will take effect from March…
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Even in the dark, South Africa continues to surprise
Early economic data for January give a glimmer of hope that South Africa can avoid a technical recession after all, say economists at the Bureau for Economic Research (BER). The country had a busy week for sector data, with January’s mining, manufacturing, retail and wholesale data set to be released this week. According to the…
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Thunderclouds erupt for South Africa
After two consecutive months of encouraging growth, the BankservAfrica Economic Transactions Index (BETI) fell in February 2023, indicating the country’s deteriorating economic activity. The country is now seeing clouds burst following storm warnings in previous months. “At an index level of 131, BETI for February fell to October levels and fell by 1.3% month-over-month, as…
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South Africa’s cheapest bank accounts
According to a MyBroadband survey of a basket of transactions, Bank Zero offers the cheapest low-cost banking service in South Africa. All of South Africa’s major conventional and digital banks offer entry-level low-cost accounts for people who prefer a pay-as-you-transact approach to products with higher monthly administrative fees. Bank accounts with monthly fees of less…