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.
According to these predictions, employees should be seeing an average of 3.0% salary increase â with better performing employees earning a slightly higher pay increase. According to SHRM, employees can expect an average base salary increase of 3.0% in 2018. Salary increases should be incorporated into a structured performance management system that is intended to reward and retain high performers. The goal is to reward top performers with more of the raise dollar pool than poorer performing employees.