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Finance
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Tiffindell Ski Resort Up For Auction
31 Mar 2011 by Jasmine Stone / 11 Comments
South Africa’s only ski resort is due to go under the hammer in May. The resort was embroiled in a long and shady financial scandal that began in 2007 and was eventually forced to close the slopes indefinitely in 2009. But now you can own it!
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Zack Snyder’s Sucker Punch Is Tanking Pretty Hard
30 Mar 2011 by Jasmine Stone / 1 Comment
This, apparently, is what happens when you let Zack Snyder write his own script without any male genitalia to jiggle in slow-motion – $19 million on the opening weekend of an $89 million film. This means Sucker Punch opened behind ‘Diary of A Wimpy Kid: Roderick Rules,’ the sequel to a film nobody watched.
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Jimmy Manyi To Publish Government Newspaper
28 Mar 2011 by Jasmine Stone / 1 Comment
The government is going to be launching its own printed propagand… err newspaper, and it will be published by the head of government communications, Jimmy Manyi. Yes, Jimmy who doesn’t like coloured people that much. Basically we shouldn’t get our hopes up and expect much investigative journalism.
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Zuma’s R200 Million Renovations [UPDATED]
23 Mar 2011 by Jasmine Stone / 1 Comment
At the beginning of this month a story caught our eye that almost seemed too shocking to be true. We can now happily report back to you that the lunacy surrounding these pricey renovations has been met with trepidation by Public Works Minister Gwen Mahlangu-Nkabinde, and for the most part, been put on hold.
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Water Soon To Be Subjected To Eskom-esque Tariff Hikes
22 Mar 2011 by Jasmine Stone / 1 Comment
A report about a month ago attributed that South Africa indeed stared a water crisis directly in the eye. Experts told the inaugural South African Water and Energy Forum in Johannesburg that we even face the possibility of chronic water shortages as early as 2020. Now Eskom-esque tariff hikes loom too.
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Removing Gaddafi Not Allowed – David Cameron
22 Mar 2011 by Jasmine Stone / No Comments
On Friday we discussed what the no-fly zone over Libya meant and how it would be placed into effect by the international community. “But the UN resolution is limited in its scope. It explicitly does not provide legal authority for action to bring about Gaddafi’s removal from power by military means,” explained UK Prime Minister David Cameron.
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Renovations To Gauteng Premier’s House, Millions Squandered
16 Mar 2011 by Jasmine Stone / No Comments
Gauteng’s top brass are being flushed out again for misappropriation of taxpayers’ money. This time it’s totalling a little over R12 million since 2005 on lavish refurbishments and renovations to the official Bryanston residence of the Gauteng Premier.
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Just How Tight Are Zuma And Gadaffi?
10 Mar 2011 by Jasmine Stone / 2 Comments
Links between these two high rollers have been gossiped about and reported on before. It’s no big secret that shortly after his 2006 arrest on rape charges, JZ made a shimmy over to Tripoli for five days where he met with Colonel Gaddafi. Now JZ and the Colonel have had a little phone conversation.
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The “Manyi” Bill, Let’s Crunch Those Numbers
03 Mar 2011 by Jasmine Stone / 1 Comment
Oh, you didn’t know that cabinet has already approved this little racial nugget? Well, basically it’s just waiting for a few more signatures now before it forces change upon us. According to the SA Institute of Race Relations, who kindly did crunch the numbers for everyone, a lot of job loss and not much job creation is in order.
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Aussie ATMs Payout Mini Jackpots For A Day
02 Mar 2011 by Jasmine Stone / No Comments
A computer glitch has been held responsible for the poker machine-like behaviour a number of Australian Commonwealth Bank ATMs displayed yesterday. Sydney saw queues of up to 50 people assembling to have a go at the machines. This obviously attracted a police presence because many simply couldn’t contain themselves.
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Zuma’s R200 Million Renovations
01 Mar 2011 by Jasmine Stone / 2 Comments
With mainstream local media finding itself plenty to keep busy with over the last few days, a nice little presidential renovation story slipped past almost unnoticed. The top dog is obviously sprucing things up rather nicely at home because it’s costing close to R200 million.
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Port Elizabeth Pool Water Selling On The Black Market
28 Feb 2011 by Jasmine Stone / No Comments
It’s no secret that the Eastern Cape is suffering from one of the most devastating droughts in recent times. Jacki Bilsbury from the Walmer area had a laugh when she read a local newspaper article about pool water theft. She’s not laughing now.
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Floridian 18 Hole Country Club’s Now A Steal At Under $1 Million
24 Feb 2011 by Jasmine Stone / No Comments
No, we’re not trying to pull any wool over anyone’s eyes here. We know how some of you enjoy a good round of golf from time to time, and what with Pravin Grodhan going hard at the “sinners” again this year, what better way to spite him than buying your very own country club in Florida?
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You Can Buy Private Submarines Now
23 Feb 2011 by Jasmine Stone / No Comments
Forget the yacht; right now, submarines are where it’s at. So it’s pretty handy that the ‘Ego’ submergable craft by Korean company Raonhaje is going to be available a little later in the year; I mean yes the name is a little silly, but that’s okay because you’ll be the kind of person that owns a submarine.
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More On That V&A Waterfront Sale
15 Feb 2011 by Seth Rotherham / No Comments
If you missed today’s Financial Report on 2oceansvibe Radio, you’re in luck! Our in-house financial guru, Lindsay Williams discussed the V&A Waterfront sale with Angelique de Rauville, Investec Asset Management’s Property Portfolio Manager – LIVE from London. Lindsay has the very rare ability to talk finance in layman’s terms. Never before has financial chatter made so […]
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Zimbabwean Monopoly – A Game Of Too Many Players?
07 Feb 2011 by Jasmine Stone / No Comments
Do you remember the infamous now ex-Zimbabwean Finance Minister Christopher Kuruneri and his clever property purchases in Llandudno a while back? Well, now in a twist of fate, and getting out of jail free once, Kuruneri will finally make his next move on Thursday after Robert Mugabe played him into a cul-de-sac, and a submissive play in 2007.
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Tuesday Morning Spice
01 Feb 2011 by Seth Rotherham / No Comments
Prodigy Wins The Cape To Rio – Heineken Cape to Rio update. Prodigy found the wind on Saturday, but lost it on Sunday and finally crossed the finish line on Monday morning to take line honors. Skippered by Chris Frost, the 54ft yacht arrived about 8am, completing the race in just under 16 days and […]
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Bierpens Piggy Bank [VIDEO]
04 Jan 2011 by Jasmine Stone / No Comments
Randon Beasly holds the world record for stuffing change into a near- perfect bierpens. Randon is an unassuming fellow who generally shies away from the limelight but when it comes to coins and his gut he likes to rip his shirt off and bask that pens in all the limelight he can find. Watch him flaunt his God given talents.
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Strong Rand Makes US iTunes A Bit Of A No-Brainer
03 Jan 2011 by Seth Rotherham / No Comments
I’m not sure if you caught the live financial indicators on the right-hand side of the page, but the Rand is absolutely KILLING it against the US Dollar. At the current rate, I’m renting movies from the US iTunes store at R26 a shot – and some of them haven’t even hit the circuit here in SA. Let me show you how.
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Medscheme Overcharges Because It Makes Sense, Not Money
23 Dec 2010 by Jasmine Stone / No Comments
This according to Andre Meyer their big chief executive. The Big Chief came under fire last week because his company is increasing their rates by 6.9 percent instead of the recommended 3.6 percent. But you and I profit. “After all, by law medical schemes are not for profit entities,” he said in a statement. You scheme?
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Public Service Announcement From Seth: Money
09 Dec 2010 by Seth Rotherham / No Comments
Every now and then I drop one of these public service announcements, because I love you and you should know about them. Love is an action, not an emotion, okay?
Think about that. I’m acting out my love for you.
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Proverbial Wallets from John Kestner on Vimeo.
Robot Wallets
07 Dec 2010 by Jasmine Stone / No Comments
Paying things with cards is weird for me. I mean obviously the convenience of having a plastic card that gets me stuff is great – I got to take advantage of the Threadless sale, for instance – but without that tangible sense of loss at having to fork over a wad of cash, there is the risk of going overboard is substantial. Folks at MIT have some ideas about that.
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Checque Please!
22 Nov 2010 by Jasmine Stone / 3 Comments
There’s a restaurant in Pringle Bay, just an hour from Cape Town, called Hook, Line, and Sinker. When you walk in to this effortlessly cool establishment you are guided to a table hewn from American Poplar that is scrubbed daily with Sunlight liquid and once a week rubbed lovingly with Cobra wax.
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Fed Up
04 Nov 2010 by Jasmine Stone / No Comments
The central bank of the United States of America, the Federal Reserve, in response to the recent Great Recession has acted swiftly, decisively and boldly. Its answer to a catastrophe that was caused by irresponsible lending by greedy banks to Ninjas (no income, no job or assets) has been to cut interest rates to the bone and flood the economy with cheap money in the hope it’ll be used to kick start the economy.
So in other words, as I see it, in order to fix a problem caused by cheap money they’ve made money even cheaper. I often do the same thing after a big night in (I don’t go out anymore) and the inevitable skull bursting hangover.
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Boring Is The New Bling
02 Nov 2010 by Jasmine Stone / No Comments
The finance minister Pravin Gordhan is not someone you’d want to take to the U2 concert. He might allow a brief period of foot tapping during one of their 80’s classics, but mostly he’d be working out how much the tour had swelled the country’s coffers and observe the discretionary spending habits of the assembled revellers.
That’s why he’s the head bean counter, and long may that last.
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Layman Money Talk: Is The Rand Overvalued?
26 Oct 2010 by Jasmine Stone / 1 Comment
A long time ago, in a galaxy far, far away, I sat in a mid-priced family car outside a pub. Having read the AA Guide to Southern England, and finished my bag of crisps and bottle of Coke, I waited patiently for my parents..
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Win Tickets To The End Of The Line
22 Oct 2010 by Jasmine Stone / 1 Comment
The End Of The Line is this year’s most vaunted environmental documentary. Brought to South Africa by Investec, the internationally-acclaimed film is a stark and uncompromising look at our systematic pillaging of our oceans, the effects of which will hit us harder and sooner than we anticipated. 2oceansvibe Radio will be chatting to the film’s producer and author of the book by the same name, Charles Clover, as well as giving away ten tickets to the film. Details after the jump.
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