The Weekly Shyft: Episode 17

Standard Bank South Africa

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

South Africa’s imports of machinery from China for 2021 should surpass the R109 billion recorded in 2020. https://www.youtube.com/watch?v=D1oy_Q6OAF4

Collectively, these eight African states plan to spend approximately USD145 billion for the upcoming fiscal, a 17% rise: Angola, Nigeria, Ghana, Ivory Coast, DRC, Mozambique, Zambia and Zimbabwe. https://www.afdb.org/en/knowledge/publications/african-economic-outlook

For the year-to-date, foreigners have been net sellers of SA equities to the value of R48.3 billion with outflows of R27.8bn from industrials and outflows of R20.8bn from resources. SA financials saw small inflows of R0.3bn. https://www.youtube.com/watch?v=G_tVEJ7MbJk

Chinese President Xi Jinping recently promised to help triple the value of African exports to China before 2024. https://www.youtube.com/watch?v=siNTnrh92to

The value of mineral sales by South African mines dropped below R60 billion in September 2021 – the first time since February 2021 that mined exports have been below this level. https://www.youtube.com/watch?v=8DLIFbHgPaU

When you include offshore strategies in your savings and investment plans, you spread your risk and protect yourself against volatility. With Shyft you can buy shares in global companies like Alibaba, Baidu, Apple, Tesla, Amazon, Alphabet and more. Exchange traded funds (ETFs) track stock exchange indices like the NASDAQ 100 or the S&P 500, providing good balance and diversification.
This festive season many American retailers were offering “buy now, pay later” financing options provided by third-party firms like Affirm, Afterpay or PayPal at their online checkout. https://www.nwaonline.com/news/2021/dec/04/buy-now-pay-later-seen-gaining-traction/

Job openings in South Africa’s healthcare and technology sectors are increasing. Engineers, tax professionals, marketing managers and data scientists are high in demand for 2022. https://www.youtube.com/watch?v=CeeEdrjHwwM

Susan Arnold has been elected as the first woman chairperson of Walt Disney in its 98-year history. https://www.youtube.com/watch?v=wSwSE6gvgPA

A work culture that supports financial wellness for employees can help them to be more present, productive and healthy at work. https://www.youtube.com/watch?v=p0LbWyJwjzE

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.zato 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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