The Weekly Shyft: Episode 16

Standard Bank South Africa

It’s November 2021, and this is the sixteenth Audio Episode of “The Shyft Lift”, the regular news digest of the App for the globally-minded, based in South Africa.

Find out more about the first African digital currency to be launched on the continent – the eNaira. https://www.youtube.com/watch?v=hOnaAdoUkLw

In 2020, South Africa exported 271 000 vehicles worth R120 billion, despite the pandemic. https://www.youtube.com/watch?v=6Vcdv5Ho-hs

Nigeria, Egypt, Morocco and Angola are the African states with the largest forex reserves of over $15 billion. https://www.cnbcafrica.com/media/6273402161001/

From June to August 2021, SA recorded new vehicle sales of R34 billion, used vehicle sales of R33 billion and fuel sales of R42 billion. https://www.youtube.com/watch?v=FYD_wJ96eG8

The general fuel levy amounted to about R83 billion in the 2021/22 budget and is an important source of tax revenue. https://www.youtube.com/watch?v=Rtgj8rZqR4M
In 2021, so far, four African fintech firms have achieved or surpassed a billion-dollar valuation – which more than doubles the number of “unicorns” on the continent.

https://www.youtube.com/watch?v=236STzCWXzc

Is tax admin your kryptonite? Maybe you’re interested in buying shares or investing offshore, but unsure about all the paperwork? We explain how to stay on the right side of SARS as an international investor.
Squid, a digital token inspired by Netflix’s record-breaking Squid Game, has been exposed as an apparent scam (https://www.youtube.com/watch?v=byu5mo532nk).

The World Bank Group’s International Finance Corporation (IFC) is partnering with SA’s Liquid Intelligent Technologies to grow data centre capacity and roll out fibre-optic cable on the continent (https://www.youtube.com/watch?v=Y-cu6Xy9GfE) and Apple CEO, Tim Cook weighs in on screen time and our well-being (https://www.youtube.com/watch?v=VrBvL6AX7lg).

Shyft is an app for global citizens, based in South Africa. It helps you buy, send, and store local and foreign currency - anytime, anywhere, directly from your mobile. Visit getshyft.co.za to download the app. SHYFT operates under the license of The Standard Bank of South Africa Limited, an authorised Financial Services Provider (FSP number 11287).

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