Fact-a-day

Asset deficit

September 1st, 2015

The average African has net assets of US$2,040. This is well below the worldwide average of US$27,600. (The Africa 2015 Wealth Report)

For more information and to purchase the report, follow the link in the banner above.

This week’s theme: Rich in Africa

Elite

August 31st, 2015

South Africa has twice as many high-net-worth individuals or HNWIs as any other African country (individuals with net assets of US$1 million or more). In fact, it accounts for over a third of all HNWIs on the continent. (The Africa 2015 Wealth Report)

For more information and to purchase the report, follow the link in the banner above.

This week’s theme: Rich in Africa

The Rand in history

August 28th, 2015

The Rand was established as the official South African currency on 14 February 1961. When the rand debuted it traded at 72 cents to the dollar. In 1994, political uncertainty surrounding the new government in the country saw the rand weaken to an average R3.55 versus the dollar. In 2001, the September 11 attacks on the World Trade Centre caused the rand to skyrocket to R13.84 to the dollar. On Monday the 24th of August 2015 a single trade occurred at R14.07 to the dollar but bounced back immediately at R13.31. The rate of R13.84 is still widely regarded as the rand’s all time lowest against the dollar. (http://bit.ly/1NJX5To, http://bit.ly/1KRNmYa)

This week’s theme: Money

Daily grind

August 27th, 2015

60% of South African adults consider themselves to be similar to ‘People who think work should just be a way to earn money’. (AMPS2014B)

This week’s theme: Money

Crash!

August 26th, 2015

As of today, Chinese equities have lost about $5 trillion, or half their value, since mid-June 2015. This is roughly 14 times South Africa’s 2014 GDP, of $366 billion. (bit.ly/1PxLAyR, bit.ly/1G5lEXC)

Watch China’s stock crash in 60 seconds: http://bit.ly/1WJkQB6

This week’s theme: Money

Bit by bit

August 25th, 2015

On October 31st 2008 Satoshi Nakamoto, a pseudonymous cryptography buff whose real identity remains a mystery, unveiled a project he dubbed bitcoin, ‘a new electronic cash system that’s fully peer-to-peer, with no trusted third party’. Six-and-a-half years on, interest in bitcoin has waned. After spiking at $1,100 in November 2013, its value has dropped to just under $225. (http://econ.st/1LnwmMg)

This week’s theme: Money

Credit worthy?

August 24th, 2015

87% of South Africans agree with the statement: One should keep a careful track of how much money is spent each month.At the same time, just 43% of credit active South Africans are current on all their registered credit obligations. (AMPS2014B, NCR)

This week’s theme: Money

Sweet tooth

August 21st, 2015

Just 10% of South African adults said they did not personally use any sugar yesterday, 18% said they used one or two teaspoons of sugar, 44% said they used between three and five teaspoons of sugar and 29% used 6 or more teaspoons of sugar. (AMPS2014B)

This week’s theme: Sugar

Sugar coated

August 19th, 2015

In 2013 approximately 1.9 billion tonnes of sugarcane was harvested worldwide. South Africa produced around 18 million tonnes of sugarcane (0.95% of worldwide production). The top producer was Brazil with 739 million tonnes (39% of worldwide production). (http://bit.ly/1MxTDfM)

This week’s theme: Sugar

Sweet tooth

August 18th, 2015

54% of South African women (10.5 million) have had a chocolate coated bar in the past 7 days, compared to 46% of men (8.4 million). (AMPS2014B)

This week’s theme: Sugar

кредит онлайнзайм на картуипотека