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Research shows that the most successful businesses are built in the most challenging economic and market conditions. Businesses forged and successfully grown in volatile and unpredictable environments, generally go on to thrive when market conditions improve.
Airbnb launched in South Africa in 2015. Since then, the number of home hosts has grown to more than 35 000 with South Africans pocketing more than R3.8 billion over this time. The ripple effect of this booming Airbnb community has also proved significant, resulting in an economic impact of approximately R10 billion and supporting upwards of 22 000 jobs. So what’s the catch?
With load shedding increasingly becoming a challenge for South Africans, the financial cost to businesses can be severe.
This week, Finance Minister Tito Mboweni painted a challenging picture regarding the country’s fiscal position when it came to his Medium Term Budget Policy Statement (MTBPS).
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?