I was asked a question: “Would I be right in saying GDP is not always a good indicator of an economy?” My response: “GDP is an important piece of a larger puzzle which should never be looked at in isolation.” Here’s a brief explainer: GDP (gross domestic product) is the value of services provided and goods produced in a year. There...
Day: <span>23 December 2020</span>
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SA Banks Process Debit Orders Earlier than Usual
South African banks have come under fire for processing December debit orders earlier than usual. But even as account holders express shock and frustration, financial service providers say it’s common for accounts to be debited early during the festive season If you’ve got debit order agreements with various companies, there’s a good chance that some...
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Apple to Start Manufacturing Self-driving Cars in 2024
Apple is moving forward with self-driving car technology and is targeting 2024 to produce a passenger vehicle that could include its own breakthrough battery technology, people familiar with the matter told Reuters. The iPhone maker’s automotive efforts, known as Project Titan, have proceeded unevenly since 2014 when it first started to design its own vehicle from...