What is 'Bitcoin'. Bitcoin is a digital currency created in 2009. It follows the ideas set out in a white paper by the mysterious Satoshi Nakamoto, whose true identity has yet to be verified. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government issued currencies. There are no physical Bitcoins, only balances associated with public and private keys.
The Minister of Finance predict that the budget deficit would be cut to 3.9% in 2015/2016 and 2.5% in 2016/2017. Despite steady economic growth, the average South Africanâs disposable income is declining as consumersâ battle higher high debt levels and increases to administered prices.
New minimum wage for hospitality sector. Pretoria-South Africaâs Hospitality Sector minimum wage has been adjusted upward with effect from 1 July 2015.The change in the minimum wage is in line with the Basic Conditions of Employment Act (BCEA) which empowers Labour Minister Mildred Oliphant to adjust wages in the sector.According to the Department of Labour, the new minimum wage will be applicable until 30 June 2016.ew minimum wage for hospitality sector. Pretoria-South Africaâs Hospitality Sector minimum wage has been adjusted upward with effect from 1 July 2015.