Category: Economy
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Plotting VAT: A global comparison and South Africa’s place in the mix
Plotting VAT rates against GDP per capita in 120 countries shows that South Africa’s current rate of 15% aligns closely with global norms for economies at similar income levels.
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SA in 10 charts: Measuring the true state of the nation
A data-driven review of South Africa using key points raised by the president in his state of the nation address as a guide.
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Illegal mining on the rise as SA’s gold industry collapses
South Africa’s mining fatalities hit a record low in 2024, but illegal mining is fast becoming a crisis for the industry. As gold mines shut down, informal miners – known as zama zamas – risk their lives extracting residual gold under dangerous conditions.
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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…