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Finance
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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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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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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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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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Put Your Money On It – These Are The Most Popular Shares On The JSE Right Now
19 Nov 2013 by Jasmine Stone / 2 Comments
At the end of every quarter all registered collective investment schemes in South Africa release data on the holdings in their funds. This data allows analysts to get an idea of which shares are most popular, and which are least popular among the people who know what they’re talking about.
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New Service Let’s You Spend Time With Your Fave Celebrities, At A Fee
11 Nov 2013 by Jasmine Stone / No Comments
Why has it taken the world so long to come up with this – it’s a total no-brainer. IfOnly is the name of a new site that is bringing people and celebrities together – and making serious cash while doing it.
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Remember That Bitcon ATM idea? Here It Is Actually Working [VIDEO]
31 Oct 2013 by Jasmine Stone / No Comments
Remember the story about a bitcoin ATM opening in Canada? Well, they’ve already installed it and its working as we speak. The machine now lives at Waves Coffee House in Vancouver’s downtown area. It uses palm-recognition for users to log in to their accounts, which is pretty nifty – but could get pretty gross pretty quickly.
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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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New York Calls Bitcoin A Wild West For Criminals – Pulls Biggest Players Into Court
13 Aug 2013 by Jasmine Stone / 1 Comment
The state of New York will set the tone for the US government’s official relationship with virtual currency, Bitcoin when the New York State Department of Financial Services meets every major Bitcoin player in court. Shortly after a federal judge recently ruled that Bitcoin is real money, 22 digital-currency companies and investors have been subpoenaed by […]
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Wannabe Entreprenuer? Understand Exactly How Startup Funding Works, Right Now [INFOGRAPHIC]
19 Jul 2013 by Jasmine Stone / No Comments
Everyone has a side hustle nowadays. Starting a business is fantastic! You’re living the dream life – the master of your own schedule, your own income, and your own destiny. That is until you hit a funding wall. At some point, you’re probably going to need startup funding. This awesome infographic explains when that will […]
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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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Corculture: South Africa’s Answer To Dragon’s Den – Let Private Equity Take Your Business To The Next Level
15 Nov 2012 by Seth Rotherham / No Comments
Have you ever watched that TV programme called Dragon’s Den? Well, Corculture is South Africa’s answer to this. If you’re an entreprenuer like me and you want to take your company to the next level – this is what you’re looking for. Trust me..
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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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Foreign Direct Investment Into South Africa Falls Nearly 50% In A Year
24 Oct 2012 by Jasmine Stone / No Comments
This can’t be linked to the recent strike turmoil in the country, but it’s still a reflection of heightened global economic uncertainty. It should also serve as a wake up call to those involved in wasteful spending, but it probably won’t.
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Tuesday Morning Spice
09 Oct 2012 by Seth Rotherham / No Comments
Port strike ‘will sink economy’. Rand in free fall. SAA confirms more resignations. Egypt’s president pardons protesters. New Euro-Zone Aid Fund Launches. Homeowners Get New Rights To Attack Burglars. Why Did Lady Gaga Visit Julian Assange?
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Friday Morning Spice
28 Sep 2012 by Seth Rotherham / 1 Comment
Big blow as Moody’s downgrades South Africa. Malema’s gang calls Mthembu a ‘drunkard’. ‘Most wanted’ traffic offender nabbed. Facebook cracking down on fake ‘Likes’. Mars rover Curiosity finds signs of ancient stream.
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Capitec Reports 35% Rise In First-Half Profit, Seeks R2,25 Billion In Rights Issue
26 Sep 2012 by Jasmine Stone / No Comments
Capitec today announced a 35 per cent rise in first-half profit for this year. It also said it planned to offer more than 14 million new shares at R160 each – a discount of more than 22 per cent on Tuesday’s closing price.
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Wednesday Morning Spice
26 Sep 2012 by Seth Rotherham / 1 Comment
Malema’s show of force gets off to a bad start. BBA Votes To Give Up Libor Role. Barack Obama warns that US will ‘do what we must’ to stop Iran. 100 million will die by 2030 if world fails to act on climate.
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Hedge Fund Defends Businessman Linked To Huge Ponzi Scheme
06 Aug 2012 by Jasmine Stone / 1 Comment
It still remains unclear as to why Herman Pretorius would have wanted to shoot and kill his former business partner Julian Williams recently. But the company Williams worked for at the time of his death, Basileus Capital, has defended any involvement with an alleged ponzi scheme.
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Controversial Cape Businessmen Shot Dead Last Week Linked To Huge Ponzi Scheme
03 Aug 2012 by Jasmine Stone / 3 Comments
It was estimated today that losses from a ponzi scheme involving the deceased Cape businessmen who were shot dead last week might exceed R2 billion. The Financial Services Board had visited fund manager Herman Pretorius last week Thursday, the day he died.
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Spanish Activists Looking To Sue Former Bank Manager For Financial Crisis
12 Jun 2012 by Jasmine Stone / No Comments
Spanish activists are raising a large private fund to pay for a civil action suit against Rodrigo Rato – the former chairman of Bankia, one of the banks central to the Spanish financial crisis. The fundraiser is following the usual decentralized online-activist structure, with members organizing themselves under the #QuerellaPaRato (“Lawsuit for Rato”) hashtag.
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Head Of International Monetary Fund Doesn’t Pay Tax On Her Salary
30 May 2012 by Jasmine Stone / No Comments
Remember that Dylan lyric: “Steal a little and they throw you in jail/Steal a lot and they make you king”? That’s kind of how I feel when I read that Christine Lagarde, the head of the International Monetary Fund, earns a R4,6m salary annually – without paying tax on it. This is the very same person who very recently attacked the Greeks for failing to pay their taxes.
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SONY Reports Record Annual Loss of $5,7 Billion
10 May 2012 by Jasmine Stone / No Comments
SONY Corporation has declared an annual loss of 457 billion yen ($5,7 billion) in 2011, its fourth straight year of hemorrhaging money, and the worst in its 66-year corporate history. In spite of which, the company – which appointed a new president, Kazuo Hirai last month – is predicting return to profit by the end of 2012.
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Apple Anncounces First Shareholder Dividend In Almost 17 Years
19 Mar 2012 by Jasmine Stone / No Comments
For the first time in nearly 17 years, Apple Inc. announced a dividend payment roll out today. The company launched a $10-billion share buyback scheme, as well. It looks like they finally buckled under the pressure to do something for their shareholders! Read what Tim Cook has to say – after the jump.
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Absa IT Staff Start Packing Their Bags – Today, Tomorrow, Together
17 Feb 2012 by Jasmine Stone / No Comments
Absa’s HR department must be in a world of pain. The bank has told its full IT staff complement to reapply for their jobs, and look for two other roles within the company. Of Absa’s 1 600 IT personnel, about 200 are currently sitting at home on the company’s payroll, twiddling their thumbs as they await “reassignment”. No wonder I’m still waiting for my online banking issues to be fixed.
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Rich New Yorkers Buying Pimped-Out Vans To Camouflage Wealth
21 Nov 2011 by Jasmine Stone / No Comments
There appears to be a growing trend among rich New Yorkers in response to the increased attention being paid to “the 1%”. They’ve taken to buying cargo vans that look plain on the outside, but are opulent on the inside, tricked out with massage chairs wi-fi and widescreen televisions. Some of these guys cost upwards of ZAR 4 million.
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Wikileaks Temporarily Plugged Due To Lack Of Funds
24 Oct 2011 by Jasmine Stone / No Comments
It turns out publishing classified diplomatic files online isn’t all that lucrative! Whistle blowing site, WikiLeaks has announced that they’re pausing their publishing process to concentrate on raising funds. Julian Assange claims that the financial “blockade” mounted by Visa, MasterCard and other companies, has forced Wikileaks to “temporarily suspend its publishing operations and aggressively fundraise.”
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Google Has A Shiny New Mobile Payment Service
27 May 2011 by Jasmine Stone / No Comments
Google Wallet and Google Offers launched yesterday, both of which sound supremely cool – PayPal’s grumblings (and lawsuits) about commercial espionage notwithstanding. Google Wallet lets users swipe their phones in lieu of credit cards, even allowing subscription to a new prepaid Google debit card; Google Offers looks to work like a virtual loyalty card.
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