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While South Africa continues to make progress in terms of acknowledging the broad capabilities of artificial intelligence (AI) and the potential value that can be added across various industries and business sectors through the incorporation of machine learning, the local adoption and immersion of these technologies is still critically lagging behind global standards.
The South African economy has displayed average annual growth of a mere 1.1% over the past four years, while, at 1.6% per year, our population is growing faster than this. Clearly, the economy is not growing sufficiently rapidly to absorb new entrants into it and, on average, the population is growing poorer over time.
The Property Practitioners Bill (PPB) was gazetted for comment in March 2017, and the industry is holding its breath for the 10 000 new jobs that will likely be created with its official implementation, but prospective home buyers must take heed not to trust unqualified service providers.
The concept of money - how it works, how to manage it, how to spend it - seems like something we all should be knowledgeable about. However, it is not that simple. When you start earning your own money, you realise that there are various credit and lending options available which can cause you to spend money you do not necessarily have - behaviour that will catch up with you sooner than you think.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?