In South Africa with high interest rates and stubborn inflation, the big question facing working-class South Africans with savings to deploy is – where to invest R100.000 right now.
According to the latest ECA International survey of global real estate markets – London, UK, has the fourth most expensive property price per square foot and demand in the world for expatriates.
Citizenship or Permanent Residency via investing a sum of money has taken flak in the last two years – but as emigration numbers show – South Africans seeking a second citizenship or residency for their offspring won’t be deterred.
Grace Harding the Ocean Basket Restaurants CEO says Eskoma’s dire power supplies have gotten so bad that: “My restaurants’ suppliers –some of the potato chips farmers have to choose between using electricity for irrigation or storing potatoes.”
Inflation is in the 6% range in South Africa, a retreat from a high of 6.9% in 2022. Leaving your money in a bank account means it’s losing real value daily doubly from – inflation and the rand’s loss of value against the US$.
Lesetja Kganyago, the South Africa Reserve Bank Governor is in no hurry to lower interest rates until there is firm incoming data that inflation, currently in the 8% range, is tumbling faster, he says. Though inflation is historically high, a few banks have been dropping interest rates for selected home loan customers.
South Africa’s per capita murder rate is highest in 20 years at 45 per 100,000. While most crimes still evolve around carjackings, grab-and-flee theft, or house invasions, experts have noticed a trend of new crimes that South Africans should be wary of because they are “unusual but growing”.
South Africa’s divorce rate has soared by a troubling 13,1% in 2021 with 18 208 marriages annulled says the state agency Statistics SA. 2021 was a year when 111,415 fresh marriages were registered in South Africa. It’s possible the figures of divorce could be doubly higher with thousands of divorces going unrecorded in legal databases.
As an e-commerce platform in South Africa – Facebook Marketplace has not only become a trap but a deadly one. Here are 7 key Facebook Marketplace scams you should watch for to protect your hard-earned cash and life.
From 1994 – South Africa’s LLB law degree was a steady qualification for thousands of Black graduates to quickly enter the middle – until now.
Grace Harding likes to solidify her home success at home in South Africa even after opening her first restaurant in the UK.
Canada is the number one most popular destination for South Africans fleeing economic uncertainty, collapse in public service, soaring crime, and diminished job opportunities at home.
EDITOR PICK
According to the latest ECA International survey of global real estate markets – London, UK, has the fourth most expensive property price per square foot and demand in the world for expatriates.
Inflation is in the 6% range in South Africa, a retreat from a high of 6.9% in 2022. Leaving your money in a bank account means it’s losing real value daily doubly from – inflation and the rand’s loss of value against the US$.
Canada is the number one most popular destination for South Africans fleeing economic uncertainty, collapse in public service, soaring crime, and diminished job opportunities at home.
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Citizenship or Permanent Residency via investing a sum of money has taken flak in the last two years – but as emigration numbers show – South Africans seeking a second citizenship or residency for their offspring won’t be deterred.
Grace Harding the Ocean Basket Restaurants CEO says Eskoma’s dire power supplies have gotten so bad that: “My restaurants’ suppliers –some of the potato chips farmers have to choose between using electricity for irrigation or storing potatoes.”
South Africa’s per capita murder rate is highest in 20 years at 45 per 100,000. While most crimes still evolve around carjackings, grab-and-flee theft, or house invasions, experts have noticed a trend of new crimes that South Africans should be wary of because they are “unusual but growing”.
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Canada is the number one most popular destination for South Africans fleeing economic uncertainty, collapse in public service, soaring crime, and diminished job opportunities at home.
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By Nyasha Bhobo.
The Times Higher Education Education metrics rank the University of Cape Town, Wits University, and University of Stellenbosch as the three best universities in South Africa for graduate employability and quality of learning.
Finding the best airline in South Africa usually means comparing metrics like baggage insurance, punctuality, and flexible ticketing.
Getting old in South Africa is hard enough, financially. Choosing where to spend the retirement years of your life is much trickier.
Flunking debt repayments or having no credit record at all in South Africa severely limits you. If you can’t get that bank loan to buy an Uber car, your home loan will likely be rejected or be set at expensive interest rates.
