Category: Economy
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What it costs Gauteng residents to get around
The amount spent by people living in the province varies widely, with respondents reporting spending anything between zero and R9,500 a month. The median spend is R500.
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African remittances surpass $90bn a year
Remittances, or the money workers send back to their families in their home country, are now a major part of the economies of many African (and non-African) countries. So much so that countries like Kenya are seeing more money entering the country from remittances than from some of its more traditional exports like tea and…
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Not all fun and games: Online sports betting boosts gambling revenues to record highs
South Africa’s gambling industry generated R47.2-billion in revenue in the last financial year, the highest amount ever recorded. This record growth is being driven largely by online betting, which accounted for more than half the revenue, according to the National Gambling Board’s most recent annual report. South Africans placed R418-billion worth of bets last year,…