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.
Meanwhile, part-qualified CIMA students in South Africa are earning on average R380 761 (basic salary), plus R34 235 in bonus payments, totalling R414 996 pa. While 75% of members are satisfied with their current salary, the figure is lower among students at 52%.. Salary survey results South Africa average salary figures In 2013, qualified CIMA members in South Africa are earning on average R794,452 in basic salary plus R112,490 in bonus payments, totalling R906,943 per annum.