The South African mining sector is grappling with a substantial drop in profits, a predicament that has far-reaching consequences, especially for the nation’s tax collection. The recently released PwC South Africa’s 2023 SA Mine report sheds light on the various challenges faced by mining companies, from declining profits and cash flows to increased input costs … Read more
Despite the global crypto landscape experiencing a decline from the record highs of the 2021 bull run, Africa, particularly Nigeria, remains a beacon of crypto resilience, showcasing continued adoption despite market fluctuations. As of September, Bitcoin, the world’s leading cryptocurrency, saw a nearly 60% decrease from its peak, while Ethereum witnessed a decline of almost … Read more
Kenya’s inflation, as measured by the Kenya Consumer Price Index (KECPI), saw a slight uptick in September, fueled by a general increase in prices across all sectors, according to a statement from the Kenya National Bureau of Statistics released on Friday. In September, year-on-year inflation stood at 6.8%, a marginal rise from the 6.7% recorded … Read more
let’s take a stroll into the fascinating world of cryptocurrency and meet a notable figure, Ben Armstrong, the brains behind BitBoy Crypto. Ben Armstrong is like a wizard in this digital money world. He not only understands how this magical digital money works, but he’s also pretty good at managing his own money. Imagine him … Read more
Currency Evolution: Out with the Old, In with the New In a significant move, the Central Bank of Liberia has declared that banknotes predating 2021 will lose their status as legal tender after March 31, 2024. This development follows a year-long initiative facilitating the exchange of old currency for the newly introduced family of banknotes. … Read more
In a resounding victory for the Nigerian economy, the Nigerian Stock Exchange (NGX) All-Share Index experienced an impressive ascent, surging by 29.52% to culminate at 66,382.14 index points in the third quarter of 2023. This remarkable surge catapulted the market to a 15-year high, riding on the coattails of robust positive sentiments. Factors Fueling the … Read more
Life is full of surprises, and as you journey through it, your retirement plans may need to adapt to changing circumstances. In this comprehensive guide, we’ll explore how to navigate these twists and turns while maintaining a solid footing on your path to retirement. From changing jobs to welcoming new family members, we’ll show you … Read more
Planning for retirement is not just about setting aside money—it’s about creating a financial safety net that ensures your future well-being. In this comprehensive guide, we’ll dive into the strategies that can help you maximize your retirement savings. From harnessing the benefits of employer matches to leveraging the magic of compound interest, you’ll gain valuable … Read more
Retirement planning is a journey that requires careful consideration and strategic decisions to ensure a financially secure future. Annuities have emerged as a popular and versatile tool in retirement planning, offering a guaranteed stream of income that can help individuals achieve their retirement goals. In this article, we will delve into the world of annuities, … Read more
Life insurance serves as a crucial financial tool that provides protection, security, and peace of mind for individuals and their families. It offers a safety net by ensuring that loved ones are financially supported in the event of the policyholder’s death. As you explore the world of life insurance, it’s important to understand the various … Read more