Used smartphone shipments still flourishing

More than 195-million used smartphones – including officially refurbished and used smartphones – were shipped into the market in 2023, an increase of 6,4% compared to 2022. The value of these shipments was $72,9-billion, up 12,4% year over year, according...

Three-quarters of cars shipped with embedded telematics

The number of telematics service subscribers using embedded systems will grow at a compound annual growth rate (CAGR) of 14,6% from 239,7-million subscribers at the end of 2023 to 473,8-million subscribers by 2028, according to research from Berg Insight. Shipments of...

Alcohol industry’s significant role in SA’s economy

A new report from The Drinks Federation of South Africa (DF-SA) – The Contribution of the Alcohol Beverage Industry to the Economy of South Africa – highlights the alcohol industry’s significant role in advancing the nation’s economic development...
Economists warn on debt and political polarisation

Economists warn on debt and political polarisation

Easing inflation and strong global commerce are fuelling cautious optimism for recovery – but elevated debt levels are becoming a growing concern in both advanced (53%) and developing (64%) economies, according to the latest Chief Economists Outlook from the...

Take-home pay improves again in August

The BankservAfrica Take-home Pay Index (BTPI) – which tracks the average nominal take-home pay among an estimated 4-million salary earners in South Africa – improved for the fifth consecutive month in August. “The average nominal take-home pay reached R16...

Rising cost of living drives move to credit

The number of overall credit originations (a measure of new accounts opened) increased by 15,2%, as South Africans increasingly used new and existing credit products to meet their rising consumption needs via credit cards, personal loans, and retail revolving loans,...