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.
National Minimum Wage Rise Announced for 2015/2016. The government has announced that from October 2015 the national minimum wage rates will increase by 3% for workers aged 18 and over and 2% for 16-17 year olds.The largest increase this year will be to the apprentice rate, which is due to be uplifted by 21%.ational Minimum Wage Rise Announced for 2015/2016. The government has announced that from October 2015 the national minimum wage rates will increase by 3% for workers aged 18 and over and 2% for 16-17 year olds.