Just as a middle class has emerged in South Africa over the past decade, consumer debt has become a central feature of the retail banking market. While household wealth has risen significantly since 1994, reaching R3.5trn ($426.65bn) by 2012, indebtedness has accelerated too. By November 2012 the system counted some 19.6m active individual...
With a long-established track record as the continent’s largest financial platform and one of the world’s biggest mining producers, South Africa has significant economic clout in the region. However, industrial strife and policy uncertainty have become key sources of investor concern of late. Recent years of slowing growth have failed to make...
Since the end of apartheid in 1994, South Africa has come a long way. Indeed, the Rainbow Nation is a symbol of what other continental economies aspire to, with a liberalised economy, a comparatively robust democracy, a free media and the potential for socioeconomic mobility. However, the challenges the country faces, which range from an...
Among the numerous cultural attractions that Colombia has to offer, music is possibly the most representative. A long list of dances and musical styles are part of Colombian heritage and remain, to this day, central to its culture. The Andean nation enjoys a diverse repertoire of music styles, rhythms and dances, which have their peculiarities...
10 16 18 19 21 22 23 28 37 40 41 43 44 46 Snapshot: Colombia in figures COUNTRY PROFILE On the rise: Major strides in economic and political progress as security improves Interview: President Juan Manuel Santos Interview: María Ángela Holguín Cuéllar, Minister of Foreign Affairs Playing it safe: Battling insurgency and crime Interview: Juan...
CURRENCY: The Colombian peso is the national currency. Banknotes come in denominations of 1000, 2000, 5000, 10,000, 20,000 and 50,000 pesos, while coins are also available from 10 to 1000 pesos. The majority of airport exchanges handle foreign currencies, but it is advisable to convert less common...
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