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.
The latest BankservAfrica Disposable Salary Index (BDSI), revealed that South Africans took home an average of R11,641 in February 2014, which was 6.4% higher than a year ago.In real terms, take-home pay increased with 0.5% on a year ago.he median monthly BankservAfrica Disposable Salary remains between R8,000 and R9,000 in February. An estimated 30% of all employees get to take home the average pay of R11,641, while about 70% of the workforce takes home even less.