More than 2 million jobs lost in lockdown South Africa shed 2.2 million jobs during the second quarter, according to Statistics South Africa. While the employment figures reflected the largest decline in employment between the second and first quarter since 2008, Stats SA on Tuesday said unemployment fell substantially as well, decreasing by 2.8 million...
Day: <span>30 September 2020</span>
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Decentralizing Traditional Finance: Bridging CeFi and DeFi
CeFi and DeFi Explained With Bitcoin’s 10th birthday come and gone, developers and entrepreneurs are now looking to take a bigger bite out of the banking industry. Over the last 10-years, the crypto market has been largely aligned with the global banking system in the form of centralized financial services. In fact, only a handful of decentralized exchanges have existed...
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‘I don’t want to pay tax’: Trump grilled over tax returns report in presidential debate
Donald Trump said he doesn’t want to pay tax because he is “a private business people” during the first presidential debate with Joe Biden on Tuesday. Responding to a question from moderator Chris Wallace about how much income tax he paid in 2016 and 2017, Mr Trump said: “millions of dollars.” “It was the tax laws....
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Stripe Inject R200 million in Manila-based online payment platform PayMongo
Stripe has led a $12 million Series A round in Manila-based online payment platform PayMongo, the startup announced. PayMongo, which offers an online payments API for businesses in the Philippines, was the first Filipino-owned financial tech startup to take part in Y Combinator’s accelerator program. Y Combinator and Global Founders Capital, another previous investor, both returned for...
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Capitec Bank launches free online financial education platform – Live Better Academy
Capitec Bank has established an online financial education platform offering financial literacy on savings, spending and debt management. The bank says the Live Better Academy offers practical tips and strategies to help people make smart financial decisions and achieve their goals. Capitec says the course series can be done on a smartphone, tablet or PC, and requires less than 200MB to...