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Money
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Onassis’ Greek Island (Where He Married Jackie O’) Sold For R1,3 Billion [GALLERY]
12 Apr 2013 by Seth Rotherham / No Comments
The beautiful Greek island where shipping billionaire, Aristotle Onassis married JKF’s widow, Jackie, has been sold for $100 million. The island, Skorpios, was sold by the heir to his fortune, Athina Onassis Roussel, to a very wealthy Russian.
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Everything You Want To Know About BITCOINS – Spending, Buying, Selling
08 Apr 2013 by Seth Rotherham / No Comments
It won’t be long before your mother starts asking questions about Bitcoins – that’s how big this thing has blown up in recent weeks. So best you prepare to answer all her questions, with this handy guide.
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Radical Website Plays Audio For Bitcoin Transactions In Real Time
02 Apr 2013 by Jasmine Stone / No Comments
Virtual currency, Bitcoin is now valued at over $1 billion (R9,25 billion), and unlike traditional currency , you “can download every Bitcoin transcation that’s ever taken place and, more interestingly, tap into those transactions in close to real time.” University student Maximillian Laumeister created the “Listen to Bitcoin” website, which produces a sound for every transaction […]
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BRICS Nations Give The Middle Finger To The World Bank – Plan To Start New Development Bank
27 Mar 2013 by Jasmine Stone / No Comments
The Brics nations of Brazil, Russia, India, China and South Africa are aiming to establish a new development bank during the annual conference which began yesterday in Durban. The leaders of each of the five developing countries will discuss bringing together foreign currency reserves to ward off balance of payments or currency crises. Martyn Davies, […]
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HSBC Faces Fresh Set Of Money Laundering Allegations
19 Mar 2013 by Jasmine Stone / No Comments
Banking Giant, HSBC has a fresh set of allegations of illegal activity in Argentina to answer to. The Argentinian government alleges HSBC used “fake receipts” to facilitate money laundering and tax evasion to the tune of $77 million (R706 million) in that country. Argentina’s tax authority has filed criminal charges against HSBC. HSBC said they […]
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Rhino Poaching Ring Leader’s Assets Seized By NPA
19 Mar 2013 by Jasmine Stone / No Comments
The National Prosecuting Authority said on Monday that the Pretoria High Court had granted an order to seize the assets of suspected rhino poaching ring leader, Joseph Nyalunga. Spokesman, Medupe Simasiku said the order was granted in terms of the Prevention of Organised Crime Act. Simasiku said: The application was launched by the Asset Forfeiture […]
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Saudi Prince Outraged By Forbes – Claims To Be Much Wealthier Than Reported
05 Mar 2013 by Jasmine Stone / 2 Comments
What’s a few billion dollars between friends? A lot, according to Saudi Arabia’s Prince Alwaleed Bin Talal, who is challenging Forbes’ ranking of his wealth. Forbes reported the prince’s wealth to be a staggering $20 billion (R181 billion), ranking him at 26 on the Forbes Richest List. But Prince Alwaleed Bin Talal said he has a […]
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Paypal Launches Chip And Pin Device
22 Feb 2013 by Jasmine Stone / 1 Comment
Paypal has launched a chip and pin machine for European markets. The new machine will allow small businesses in Britain to transact with credit card, debit card and paypal payments, with what is essentially a European retro-fit of the already awesome PayPal Here card swiper, used extensively in the US. Of coure, cards with chip […]
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The World’s Most Expensive Weapon
20 Feb 2013 by Jasmine Stone / 1 Comment
The F-35 is one of the 2 457 jets the Pentagon has ordered for the world’s most expensive weapons program in history. The jet will set you back $600 million. The F-35 has been, designed as the U.S. military’s lethal hunter for 21st century skies, has become the hunted, a poster child for Pentagon profligacy […]
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Bill Clinton Has Made Nearly A Billion Rand In 10 Years Giving Talks
19 Feb 2013 by Jasmine Stone / No Comments
Bill Clinton, former President of the United States of America, reportedly raked in an amazing R115 million from his speaking engagements in 2011 alone. Clinton is represented by the Harry Walker Agency. Al Gore, Dick Cheney, Joe Lieberman, Howard Dean, and Karl Rove are among the other political figures part of the agency. Harry Walker Agency […]
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Michael Jordan Made $80 Million Last Year – He’ll Make Much More In 2013
18 Feb 2013 by Jasmine Stone / No Comments
Michael Jordan celebrated his half-century this last Sunday. And $80 million more in the bank. After his retirement 10 years ago, Forbes reports that the Jordan brand (a division of Nike) still scores him $80 million a year, along with his corporate partners Gatorade, Hanes, Upper Deck and the Bobcats, to name a few. In […]
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Bad Luck Makes Burger Queen America’s Youngest Woman Billionaire
06 Feb 2013 by Jasmine Stone / No Comments
Thirty year old Lynsi Torres is thought to be America’s youngest woman billionaire since becoming president and owner of the popular West Coast burger chain In-N-Out Burger. After her uncle died in a plane crash, her father died of a drug overdose and her mother’s death in 2006, Lynsi fell next in line to inherit […]
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Beggars Make Up To R500 A Day – Study
06 Feb 2013 by Jasmine Stone / No Comments
White beggars make between R50 to R500 a day, according to a trade union Solidarity study carried out last year. But 78% of beggars would like to work but do not have the education to back them. Almost 60% of the beggars interviewed in November and December – in the Western Cape, Kwa-Zulu Natal and […]
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The New R50 Note Turns Mandela Into A Lion When Held Up To The Light [PICS]
08 Nov 2012 by Seth Rotherham / 1 Comment
We were mucking about with the new SA bank notes yesterday and noticed that the reserve bank seemingly purposefully lined up Mandela’s eyes on the one side, with the lion’s eyes on the other. They have the same distance between the eyes and are exactly aligned. Hold it up to the light and it looks very cool. Pics inside..
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Madiba Bank Notes Enter Circulation
31 Oct 2012 by Jasmine Stone / No Comments
Earlier this year, it was announced that the iconic face of Nelson Mandela would be replacing the animal pictures on South Africa’s bank notes – next week that becomes a reality.
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Beautiful Brazilian Woman Sells Virginity for R7million In Online Auction
25 Oct 2012 by Seth Rotherham / 5 Comments
A Brazilian woman who is trying to raise funds for her village has sold her virginity online for $780,000. The 20-year-old phys-ed student will be deflowered by a Japanese businessman. She argues that she is not a prostitute as she will only do this once. Follow link for full story, video and pics.
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The Government Blew R4,6 Billion On Catering, Entertainment And Travelling
16 Oct 2012 by Jasmine Stone / 4 Comments
Over the past few weeks the government departments financial results have been doing the rounds in Parliament and, amongst other findings, it was revealed that local goverment has spent R4,67 billion on food, entertainment and travel and accommodation.
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Rich Dad, Poor Dad Author Files For Bankruptcy
12 Oct 2012 by Jasmine Stone / 4 Comments
Well this is embarrassing, Robert Kiyosaki has filed for corporate bankruptcy after being ordered to pay out almost $24 million following a US court ruling.
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MXit Money: MXit Teams Up With Standard Bank For New Mobile Money Service
16 Aug 2012 by Jasmine Stone / No Comments
Africa’s largest social network already has MXit Moola as part of its mobile payment infrastructure, but they just got a little bit cleverer by partnering with Standard Bank and introducing MXit Money.
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Is Richard Branson Buying Back Virgin Records?
18 Jul 2012 by Jasmine Stone / No Comments
Billionaire Richard Branson, founder of the Virgin Group, has expressed his interest in buying back the business that started it all, Virgin Records.
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HSBC Handled Serious Drug Money For Quite A While
17 Jul 2012 by Jasmine Stone / No Comments
Big banks just continue to let us down. In the latest scandalous development in the world of banking, the global bank HSBC has been used by Mexican drug cartels looking to get cash back into the US, and by Saudi Arabian banks that needed access to dollars.
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Another Nail In The Coffin, RIM Forced To Pay $147 Million Over Patent Dispute
16 Jul 2012 by Jasmine Stone / No Comments
In another financial blow that the company can’t afford, RIM has been found guilty of patent infringement and has been forced to pay out $147,2 million in damages.
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The Great Auction Alliance And Independent Newspapers Kickback Debate
13 Jul 2012 by Jasmine Stone / 1 Comment
The debate over whether Independent Newspapers took a money-received “discount” from Auction Alliance as part of a property auction last year left the media as quickly as it entered it.
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Coming Soon: Facebook Bank
12 Jul 2012 by Jasmine Stone / 2 Comments
Facebook may in the future be doing for your banking what it’s done for your online privacy in general. Who doesn’t want to be able to pay their bills while at the same time looking at photos of their friends at that braai that got a little out of hand?
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Could The LIBOR Scandal Be “The Biggest Consumer Fraud In History”?
12 Jul 2012 by Jasmine Stone / No Comments
Over the past few weeks we’ve brought you several reports regarding the increasingly worrisome LIBOR scandal. The investigation into interest rate-rigging debacle is quickly snowballing and analysts have now begun wondering if “16 of the world’s largest banks have perpetrated the biggest fraud in history.”
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Auction Alliance Escapes The Noose Yet Again
12 Jul 2012 by Jasmine Stone / 1 Comment
This is what happens when you couple shoddy detective work with a good legal team. Auction Alliance has won its third straight victory in line with exonerating itself from any penalty relating to the Appelbaum auction rigging scandal.
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Internet Comic “The Oatmeal” Displays $200K Charity Earnings In Cash, Wins Internet [GALLERY]
10 Jul 2012 by Jasmine Stone / No Comments
This is a great story, of a web comic author whose work was stolen by another website, who didn’t credit him. He took it personally. He’s also won the Internet.
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Eskom Defends R36 Million Staff Parties
09 Jul 2012 by Jasmine Stone / 1 Comment
On the back of numerous electricity price hikes comes the news that Eskom blew more than R36 million on staff parties and team building experiences last year. The parastatal has however come out and defended the expenditure saying fun days are used to commit workers to keeping the lights on.
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Confirmed: Barclays Not Alone, As Chairman Quits
02 Jul 2012 by Jasmine Stone / No Comments
The Financial Services Authority (FSA), the regulator of all providers of financial services in the UK, has today confirmed that Barclays was definitely not acting alone, nor was this an isolated case in the authorities’ probe of banks rigging a key interbank interest rate.
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Could The Barclays Scandal Prompt Investors To Run To SA For Cover?
29 Jun 2012 by Jasmine Stone / No Comments
On the back of news that Barclays bank was punished with a record fine of £290 million by UK authorities for interest rate manipulation, comes the speculation that the crisis, said to involve numerous banks around the world, could help push investors toward South African shores.
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