Alternative currencies are the future and matter for development

Lorenzo Fioramonti, University of Pretoria When I began to teach in 2012, I decided to start my course with an analysis of how money affects social order. What my students found particularly fascinating was the then-nascent world of cryptocurrencies, which I described at length as a crucial feature in the future of money. Some colleagues …

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How currency markets work and why the South African rand is falling

Fatima Bhoola, University of the Witwatersrand Given that South Africa operates within a flexible exchange rate regime, the value of the rand, like any commodity, is determined by the market forces of supply and demand. The demand for a currency relative to the supply will determine its value in relation to another currency. Theoretically, the …

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Key tax changes that will affect business in South Africa

Muneer Hassan, University of Johannesburg There was a time when, from a tax perspective, South Africa’s “mini budget” used to be a non-event. The main emphasis used to be placed on the annual budget speech delivered in February each year when tax policy proposals were announced. But over the past few years there has been …

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As the risk of sell-off by foreigners deepens, South Africa faces some tough decisions

Uma Kollamparambil, University of the Witwatersrand South Africa’s economy has become increasingly vulnerable to the sale in large numbers of government bonds and other financial investments by foreign investors whose ownership of these investments has grown substantially since 2009. Should the sale happen, the country could face a serious crunch. It faces tough decisions if …

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Africa News Headlines for 22 May 2015

Kenyan president urges strengthening anti-terror training in schools Source: Shanghai Daily Uganda rules out sending troops to Burundi-Prime Minister Source: Reuters African oil based economies need to diversify Source: African Business Review Free trade area to link Cape and Cairo Source: SouthAfrica.info Malawi sex workers win court case Source: IOL/AFP Hip-hop artist backs sustainable energy …

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