Bitcoin miners are solving Africa’s huge power deficit
Kenya-based Gridless Compute is a bitcoin miner with six sites in four countries. Now it’s going into power generation, bringing electricity to the most stranded […]
Auditor-General’s war on waste and corruption yields R4.5bn
But it’s a war that is far from won. From Moneyweb. Auditor-General (AG) Tsakani Maluleke says R4.5 billion has been recovered over the last five […]
Bad day in home foreclosure court for Nedbank and its lawyers
Lawyers referred to Legal Practice Council for misleading the court. From Moneyweb. It was a bad day in court last week for Nedbank, its property […]
SAA slips back into loss as fuel and plane leasing costs spiral
Reports a R352m loss for the last financial year after a R210m profit in 2024. From Moneyweb. Soaring fuel prices and a 30% increase in […]
Are institutions falling in love with Sasol again?
There’s been massive institutional buying in recent weeks, prompted by the potential for further Trump tariffs on Russia. From Moneyweb. Sasol’s stock price broke R93 […]
Why SA has 32.9% unemployment and Zimbabwe 8%
We’re counting different things. From Moneyweb. Capitec CEO Gerrie Fourie recently claimed South Africa’s unemployment is closer to 10% than the official 32.9% if we […]
The evaporating MTI pot of funds
Of the R1.1bn in bitcoin recovered by the joint liquidators in 2021, only R550m remained by December 2024. From Moneyweb. While thousands of investors in […]
Another global crypto giant gatecrashes the SA market
Bitget, one of the world’s largest crypto exchanges, is making a noisy entrance into the SA market with products such as credit cards linked to […]
Absa and Reserve Bank to appeal loss in Pityana case
Follows a high court ruling that the Prudential Authority broke the law in interfering with his possible appointment as Absa chair in 2021. From Moneyweb. […]
Urgent court action aims to halt employment equity quotas
Business organisations say government’s new race and gender targets are procedurally flawed and unconstitutional. From Moneyweb. Sakeliga and the National Employers Association of SA (Neasa) […]