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Finance
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Attention Small Business Owners: This Is The Role Of An Incubator [INFOGRAPHIC]
10 Mar 2014 by Jasmine Stone / No Comments
Normally only big corporate buy outs or investments make the headlines. But investing in startups is a strong area of interest for large corporations. A small business’s growth is often accelerated by investment by major corporations. So what do they get out of it?
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Meet The Ex-Billionaires Who Squandered Their Riches
10 Mar 2014 by Jasmine Stone / 1 Comment
A lotto winner wasting his windfall on parties and hookers, or a retired sports personality sitting in a spot of financial bother doesn’t come close to comparing to these gentleman. After making it to the pinnacle of the billionaire echelons, more than a few have made quick work of losing it all.
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These Are The World’s Youngest Billionaires
04 Mar 2014 by Jasmine Stone / No Comments
It’s time to make you feel like you haven’t accomplished a dang thing in your life. 31 of the 1,645 people that made the Forbes Billionaires List are under the age of 40. Here are the five youngest billionaires on the planet.
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Is Your Internet Banking Up To Scratch?
03 Mar 2014 by Jasmine Stone / No Comments
How resilient is your internet banking? IT issues plague all online industries, and internet banking is not immune. John Lyons, PwC UK Banking/Technology Resilience partner, says there are a couple of reasons why online banking is not as resilient as what it should be.
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Bitcoin Exchange MtGox Files For Bankruptcy
28 Feb 2014 by Jasmine Stone / No Comments
Just a few days after BitCoin exchange, MtGox has gone offline, the company has filed for bankruptcy protection. Their claim has been approved by a district court in Tokyo. At the court hearing MtGox stated they had outstanding debts of about R67.9 million.
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Auction Alliance Wins Constitutional Court Case Against Estate Agency Affairs Board
27 Feb 2014 by Jasmine Stone / 1 Comment
Today in the Constitutional Court Auction Alliance won a long running case against the Estate Agency Affairs Board. The Constitutional Court has now confirmed a previous order of the Western Cape High Court which declared sections of the Estate Agency Affairs Act and the Financial Intelligence Centre Act as unconstitutional and invalid. Auction Alliance’s legal council, […]
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SA’s Economy Enjoys Unexpected Growth Spurt In The Last Financial Quarter
25 Feb 2014 by Jasmine Stone / No Comments
Statistics South Africa showed that the economy grew more than expected in the last financial quarter of 2013. The SA economy achieved a surprising 3.8% quarter-on-quarter growth, after the third quarter only showed 0.7% economic expansion.
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High Times Ahead In Venture Capital
29 Jan 2014 by Jasmine Stone / No Comments
With the the $1.4 billion legal marijuana market expected to grow to $10.2 billion in the next five years, entrepreneurs and venture capitalists alike are climbing into the newly formalised weed economy. No more the breeding grounds of syndicates and criminals, astute businessmen aim to capitalise on the “high-tech” weed industry flourishing in US states like California and Colorado.
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The Habits Of The World’s Wealthiest People [INFOGRAPHIC]
21 Jan 2014 by Jasmine Stone / No Comments
Did you know that fabulously wealthy people enjoy reading, maintain a to-do list and wake up at least three hours before work? They also set goals, watch less television and maintain a healthy diet by eating less junk food and exercising four times a week. To find out what else they do, check out the infographic below.
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Alarming Interview With A Guy Who Worked For The Real ‘Wolf of Wall Street’
09 Dec 2013 by Jasmine Stone / No Comments
Josh Shapiro always knew he wanted to make as much money as possible. Which is why, when other people his age were floundering, he was raking in thousands of dollars every day.
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Enjoy This Brand New Interview With Bernie Madoff
09 Dec 2013 by Jasmine Stone / No Comments
Good ‘ol Bernie Madoff. The former non-executive Chairman of the NASDAQ , stockbroker and financier who admitted to operating in a Ponzi scheme considered to be the largest financial fraud in US history, agreed to an interview with the Wall Street Journal while incarcerated.
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Naspers Stocks Have Just Torn Through R1,000 Per Share
06 Dec 2013 by Jasmine Stone / No Comments
Koos Bekker’s Naspers is doing very, very well. Thanks for asking. And it’s all on the back of TenCent, and a weak Rand. This, from Fin24: At 10:22, Naspers shares, which gained over 80% this year, were changing hands at a new record high of R1010.98, tracking a surge in Tencent shares in Hong Kong. […]
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Enjoy These Business Tips From A Billionaire Who Used To Be A Hobo [VIDEO]
29 Oct 2013 by Jasmine Stone / No Comments
John Paul DeJoria was a hobo – but he always had good taste. Even in his homeless days, he slept in an old Rolls Royce along LA’s Sunset Strip. But he had plans. Years later he finds himself in more comfortable conditions, having founded the stupendously successful Paul Mitchell Systems, and Patron Spirits.
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This Guy Used To Work For Absa In Cape Town – And Then He Stole R15 Million
29 Oct 2013 by Jasmine Stone / 6 Comments
John Julyan is a former Western Cape relationship manager at Barclays Wealth (a division of Absa). He is also a very naughty man. Not “use tax-payers money to buy porn” level of naughty, but more “steal more money than I can carry” kind of naughty. He was so naughty that he was found guilty on Monday of 39 counts of theft, totalling R15 million.
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This Is Why Starting Your Business On The Side Is A Good Idea
29 Oct 2013 by Jasmine Stone / No Comments
Budding entrepreneurs out there will be keen to pack it up at their current job, sign a lease for a new office space, and ship out immediately. But in such a competitive market where more businesses fail than succeed, its important you consider every step as carefully as possible. The first step is to decide whether to keep your job, and have your business on the side or to go the full Montgomery Burns and dive straight in to business. Here are a few reasons why you ought to be doing the former.
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The Comprehensive Guide To Making Money From The Internet [INFOGRAPHIC]
28 Oct 2013 by Jasmine Stone / 1 Comment
“Google has blessed me with a R4000 p/m job from home” – this is how easy it is to make money off the internet, if we are to believe popular banner ads. In reality, making money from the internet is no easier than making money in real life – you need a certain set of skills executed in just the right way in order to ensure results.
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The World’s First Bitcoin ATM Is On Its Way [VIDEO]
28 Oct 2013 by Jasmine Stone / No Comments
If you’ve been reading our stories on bitcoins recently you’d be forgiven for thinking that Bitcoin is only used by the most nefarious online criminals, because they are largely untraceable. You’d be partially wrong though, as absolutely anyone can use Bitcoin anywhere in the world. And now, the ever-progressive Canada is launching the very first Bitcoin ATM.
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Poor People Have A Lower IQ Than You
02 Sep 2013 by Jasmine Stone / 1 Comment
In the past, poverty has been blamed on the individual’s bad decisions, lack of motivation and personal issues. However, this study suggests its all got to do with the situation they’re in. Poverty leads to bad decisions, which leads to more poverty.
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The Liquidation Of South African Construction Company Has Left Investec And Sanlam In A Tight Spot
31 Jul 2013 by Jasmine Stone / No Comments
First Strut’s liquidation puts Sanlam and Investec’s money managers at risk. The company that supplied the mining, power and transport industries has been placed under liquidation.
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Thailand Becomes First Country In The World To Declare Bitcoin Illegal
30 Jul 2013 by Jasmine Stone / No Comments
Thailand has the ignomous distinction of being the first country in the world to ban Bitcoin. This, from AP: The company overseeing bitcoins in Thailand said on its website that the central bank informed it on Monday that it’s illegal to trade bitcoins, move them in or out of the country, or use them to […]
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The Fall Of A Giant: This Is How Brazilian Tycoon Eike Batista Has Lost Billions In The Space Of A Year
25 Jun 2013 by Jasmine Stone / No Comments
Brazilain billionaire Eike Bastista has fallen on tough times losing billions in the space of a year. The tycoon, once number 7 on the Forbes wealthiest list, is now being called the “master of road shows” by critics.
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Bank Executives Caught On Tape, Laughing That They’ll Never Pay Bank Bailouts Back [VIDEO]
25 Jun 2013 by Jasmine Stone / No Comments
Top executives at Anglo Irish Bank have been caught on tape laughing and joking about how they would never be able to pay back the money they received from the state for bailouts.
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Hallelujah – Local Cars Sales Were Up By Almost 10% In May
04 Jun 2013 by Jasmine Stone / No Comments
Figures released on Monday by the department of trade and industry indicate an increase in car sales for the month of May. But this increase is no indication of car sales for the remainder of the year.
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Zuma Tells The World That Strikes Are Normal, The Rand Cruises Past The R10/Dollar Mark
30 May 2013 by Jasmine Stone / 5 Comments
Zuma addressed reporters this morning at the Union Buildings in Pretoria on the general state of the economy, and government’s plan of action to stabalise the mining sector. Following the speech, the Rand slid from R9,71, to over R10 to the US Dollar, this afternoon.
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Just Keep Digging: The Rand Has Hit A Four Year Low Against The Dollar
23 May 2013 by Jasmine Stone / No Comments
The rand is currently standing at 9,6980 to the dollar – the lowest it has been in the last four years.
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Nelson Mandela’s Daughters Are At It Again, Suing Their Father For His Money And Artwork
20 May 2013 by Jasmine Stone / No Comments
Nelson Mandela versus his daughters, Zenani Mandela-Dlamini and Makaziwe Mandela and former lawyer Ismail Ayob. Mandela’s current lawyer, Bally Cheune believes Ayob to be behind the court order to obtain Mandela’s wealth and artworks.
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These 10 Cities Have The Highest Concentration Of Millionaires In The World [PICS]
09 May 2013 by Jasmine Stone / 7 Comments
Here’s a fun fact: Tokyo plays host to almost half a million millionaires. In fact, it turns out Asia has a lot of millionaires. Asian cities dominated this top 10 list of cities with the highest populations of millionaires.
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Media24 CEO Scammed Out Of R360,000 In 3 Days
30 Apr 2013 by Jasmine Stone / 6 Comments
Esmere Weideman, CEO of Media24 was caught in a SIM swop scam over the weekend, in which she was robbed of R360,000. Unbeknownst to Weideman, R1,5 million was transferred from her home loan account to her cheque account by criminals who had gained access to her information via a SIM swop.
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Meet The People Racing To Build The World’s Best Bitcoin Mining Rig
24 Apr 2013 by Jasmine Stone / 1 Comment
Now that the price roller coaster has ended, and it has been strongly confirmed that Bitcoin is a commodity worth investing in, the race to see who can mine the remaining Bitcoins fastest is on. In a big, big way.
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Forget Coffee Shops – Traders And Fund Managers Are Working From Ski Slopes
22 Apr 2013 by Jasmine Stone / No Comments
Traders and fund managers seem to be swopping the fast paced city life and 9-5 office space for the possibly faster paced ski slopes on France. French resorts like Chamonix and Verbier, a favourite for the UK royal family are fast becoming the office space of ultra-rich white collar workers.
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