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.
Employers expect lower salary increases in 2016. Employers in Canada are expecting salaries to rise by an average of 2.5% in 2016, according to Morneau Shepellâs annual Trends in Human Resources survey. This is down from the average 2.8% salary increase expected for 2015, as reported in last yearâs survey.The average includes expected salary freezes. Read: Making the best use of salary increase survey data.With the crash in oil prices and talk of a recession in the air, employers are cautious about the coming year,â says Michel Dube, dubÃ© a principal In Morneauâshepell s compensation consulting. Practice some sectors such as, mining oil and gas are expecting average salary increases of about.24 % for next. year