South Africa officially has the highest unemployment rate

South Africa set an unwelcome world record when our unemployment rose to a record 34.9% in the second quarter, which would be the highest of 83 countries tracked by Bloomberg. With this being said, South Africa was already facing an economic crisis and unemployment disaster prior to the pandemic. Covid-19 was simply the catalyst which […]

South Africa’s Huge Consumer Debt Problem

My name is Simon Ellis and I am a co-founder at SmartWage. Today I want to talk about South Africa’s huge debt problem, and how SmartWage is working with companies to eliminate the payday debt cycle amongst workers during the lockdown.    One Hundred and Forty Billion Rand This is how much the South African […]