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Finance
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Young Banker’s Burn-Out After 100-Hour Weeks Leads To Death, Sparking Outcry Over Wall Street’s Gruelling Work Culture
22 Oct 2024 by Tayla / No Comments
This young bankers’ death cast a harsh spotlight on Wall Street’s pressure-cooker culture, and feels chillingly similar to the plot in the first season of that HBO finance show Industry.
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Why Underestimating The Income Of The Top 1% Hurts Everyone
19 Sep 2024 by Tayla / No Comments
Many people consistently underestimate the income of the top 1%, and this misconception has far-reaching consequences.
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Missing CEO Banker Leaves $11 Million Mystery Bill As China’s Financial World Reels
13 Sep 2024 by Tayla / No Comments
A Chinese bank has found itself at the centre of a new mystery after receiving a jaw-dropping 78 million yuan ($11 million) bill related to the vanishing of its star banker.
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Chip-Maker Nividia Suffers Record-Breaking R5 Trillion Loss In Market Value In One Day
05 Sep 2024 by Heinrich / No Comments
Only 27 companies on the planet are worth as much as Nvidia lost in value on a terrible Tuesday.
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Alleged Ponzi Scheme Mastermind Cost Investors Over R23 Million
29 Aug 2024 by Tayla / No Comments
Jaco Botha appeared in the Riversdale Magistrate’s Court after he was arrested for an alleged fraudulent investment scheme.
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Women And Younger South Africans Feel Most Financial Stress, According To Local Study
26 Jul 2024 by Tayla / No Comments
On the flip side, older folk and higher-income consumers can be most indebted but are least likely to seek help.
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The Man Who Conned His Classmates With His Elaborate Harvard Business School Ponzi Scheme
10 Jul 2024 by Tayla / No Comments
In finance, having the right credentials – like degrees from top schools, experience at an A-list hedge fund, and spending summers in the right Long Island towns – has always been a proven way to pass through many of the industry’s key filters.
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A Gauteng Customer Tried To Open An Absa Bank Account With A Live Barn Owl
02 May 2024 by Tayla / No Comments
The customer must have walked straight out of some bygone bartering era only to be shocked that we’re living in a time of bank cards and Bitcoin.
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Why SA’s Middle Class Is Losing Their Wealth
19 Apr 2024 by Tayla / No Comments
Middle-class South Africans are struggling since the majority of their wealth is tied up in their physical property and retirement savings.
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Jozi And Cape Town Top The List For Wealthiest Cities In Africa According To 2024 Report
17 Apr 2024 by Tayla / No Comments
The report shows that six of South Africa’s cities are on the list of the wealthiest in Africa, with Johannesburg maintaining its place as the richest city on the continent.
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One Of The World’s Richest Women Sentenced To Death For Financial Fraud In Vietnam
12 Apr 2024 by Heinrich / No Comments
Vietnam’s graft crackdown, dubbed “Blazing Furnace”, has seen hundreds of senior state officials and high-profile business executives prosecuted, or executed.
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Discovery’s Spend Trend Survey Reveals The Nation’s Biggest Spenders
05 Apr 2024 by Tayla / No Comments
The Discovery’s Spend Trend 24 survey released on 4 March 2024 reveals which province is home to the biggest spenders when it comes to groceries, eating out, and travel.
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Banks Are Expecting Interest Rates To Stay Higher For Longer
28 Mar 2024 by Heinrich / No Comments
Although now seems like the perfect time to panic, now is NOT the time to panic.
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An Economist’s Advice For Anyone Choosing To Stay In South Africa
24 Jan 2024 by Heinrich / No Comments
Global issues have made so-called greener pastures seem less attractive lately.
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South Africa’s New Pension System – What Exactly Is The ‘Two-Pot’ System
05 Dec 2023 by Heinrich / No Comments
Perhaps the best advice has always been to not keep all your eggs in one pot.
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National Treasury Says Rand Manipulation Scandal Is Not Entirely To Blame For SA Economic Woes
27 Nov 2023 by Tayla / No Comments
The National Treasury set the record straight, saying that only individual clients were harmed by the bank scandal activity and not SA as a whole.
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Western Cape Outperforming Rest Of SA, In Its Economic ‘Golden Era’
08 Nov 2023 by Tayla / No Comments
We’ve all been thinking it, but FNB senior property economist John Loos just confirmed it.
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More Than 50,000 Government Workers Are Now Millionaires
03 Nov 2023 by Heinrich / No Comments
The only silver lining in this circus seems to be the silver trim your town’s municipal manager is putting on his new Mercedes.
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About Those Threatening Messages From SARS…
27 Oct 2023 by Tayla / No Comments
Many South African taxpayers might have had their hearts leap out of their chests when they received an SMS from the South African Revenue Service (SARS) on Tuesday.
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‘Dead Wood, New Shoots’ – SA Businesses Are Growing More Resilient As Company Liquidations Are On The Decline
26 Jul 2023 by Heinrich / No Comments
But how are companies closing down not negative? Well, according to the people who read the financials the way we read GQ, not all liquidations are because people are going broke.
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Being Among The Richest 1% In South Africa Comes With A Price
17 Jul 2023 by Tayla / No Comments
In order to join the top 1% of the wealthiest South Africans, you need to make almost six times more than the average earner. But that doesn’t mean life is all rainbows and butterflies.
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Swiss Bank Lists Most Expensive Cities In The World Right Now
22 Jun 2023 by Tayla / No Comments
The world’s most expensive city to live in right now is a bit of a new and surprising contender.
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Our Central Bank Is Preparing For The Total Power Grid Collapse
31 May 2023 by Tayla / No Comments
While some reckon a total system collapse is unlikely to occur, it is not impossible, according to The South African Reserve Bank’s Deputy Governor Kuben Naidoo who spoke of a contingency plan in case.
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Capitec Data Shows That South Africans Are Getting Poorer
25 Apr 2023 by Tayla / No Comments
And we’re not even talking about Tuesday when Capitec clients opened their accounts on payday only to find a heart-and-gut-wrenching bank balance of R0,0.
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Worried About The Future? We Look At Some Of The Best SAFE Investments In SA
17 Mar 2023 by Heinrich / No Comments
As tempting as it may be to invest in your brother-in-law’s ‘foolproof’ scheme that resembles a trapezoid (it’s not a pyramid!), you may want to speak to someone outside of your family circle when it comes to your financial future.
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Now They’re Selling Clothes With Prices Pegged To The Stock Market
10 Jan 2023 by Heinrich / No Comments
Interestingly, the price of Eton’s Index Shirt now changes with fluctuation in the stock market.
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Home Loan Shocker – How Much More You’re Paying These Days
25 Nov 2022 by Jasmine Stone / No Comments
Welcome to home ownership and good luck keeping up with your monthly repayments, especially in light of yesterday’s announcement.
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Yes, It’s Time To Get Ready For A Global Recession
29 Sep 2022 by Tayla / No Comments
The warning bells and seatbelt lights are flashing regarding the global economy as the odds of a severe recession keep climbing.
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How Much You Should Have Saved By 40 To Retire Comfortably
27 Sep 2022 by Jasmine Stone / No Comments
How and when you retire depends on how well you’ve prepared in the years leading up to it, and South Africa has one of the worst savings rates in the world.
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Starting And Running Discovery Bank Has Not Come Cheap
09 Sep 2022 by Jasmine Stone / No Comments
In 2019, Discovery Bank entered the market and the figures involved thus far are staggering.
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2oceansvibe Partners
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