Covid-19 drives mobile money uptake

The GSMA’s annual “State of the Industry Report on Mobile Money” reveals a dramatic acceleration in mobile transactions during the Covid-19 pandemic as lockdown restrictions limited access to cash and financial institutions. The report found that the...

Inflation declines in February

Statistics South Africa (Stats SA) reported on 24 March that consumer price inflation declined from 3,2% y-o-y in January 2021 to 2,9% y-o-y in February. The latest reading was slightly below expectations (3% y-o-y) and the lowest reading in eight months, according to...

Zoom anxiety and how to deal with it

During the Covid-19 pandemic and lockdowns, working from home has taken off, with remote communications taking the place of physical meetings – and this has given rise to a condition that has come to be knows as Zoom anxiety. The widespread adoption of video...

Take-home pay bounces back in February 2021

are likely to see a pick-up in monthly economic activity, particularly for informal businesses. “According to the BankservAfrica Take-home Pay Index (BTPI), the average South African salary in nominal terms increased to R15 821 in February 2021, following the...

Economic environment in 2020 drove fewer credit defaults

The rate at which people defaulted on their loans fell at the end of last year, primarily due to a combination of the impact of payment holidays and lenders tightening their criteria. This is according to Experian’s Consumer Default Index (CDI) for quarter 4...

Growth forecast for social software, collaboration markets

The worldwide social software and collaboration market is forecast to total $4,5-billion in 2021, an increase of 17,1% from 2020, according to the latest forecast by Gartner. The need to support remote work during Covid-19, as well as social software integrations...