Africrypt creditors vote to accept R77m payout
There’s no guarantee the Cajees will avoid jail. Creditors must submit claims by Friday. From Moneyweb. The decision whether to prosecute or not rests with the NPA in SA. Image: Daniel Acker/Bloomberg There might be some Christmas cheer after all for Africrypt...
ZARP, the rand stablecoin opening up a world of DeFi possibilities
ZARP is fully backed 1:1 with cash reserves and is audited. It’s what you can do with it that makes it interesting. From Moneyweb. ZARP is built on the Ethereum blockchain. Image: Shutterstock Why would you want to purchase a crypto imitation of the rand? And is it...
The escalating woes at Absa as Pityana removed as lead independent director
The announcement comes after Pityana cited the bank as respondent in his case against the Prudential Authority, which he says violated procedure in denying him chairmanship of the bank. From Moneyweb. Rather than jeopardise its relationship with the Reserve Bank, Absa...
Bitcoin smashes through R1 million – where to next?
This level was considered fanciful a few years ago. Experts say it could easily ramp up ten times from here over the next few years. From Moneyweb. In the last month alone, more than 360 000 new people have become bitcoin holders. Image: Bloomberg As bitcoin crashed...
Sars hits a dead-end in Lesotho number plate case
The seizure of cars bearing number plates from neighbouring countries is unlawful, say lawyers for the winning team. From Moneyweb. Lawyer Mkhosi Radebe, who is now planning a class action suit against Sars for acting unlawfully, with his equally tenancious client...
Local government will never be the same again
Smaller parties focused on local issues made their mark in areas where they were well organised. From Moneyweb. Of the 26m South Africans registered to vote, less than half actually did. Image: GCIS The era of liberation party politics may be coming to a close. The...
Crude prices soar, coal futures tank while Western leaders debate energy future
Amid COP26 in Glasgow, South Africans brace for a record rise in fuel prices. From Moneyweb. Image: SeongJoon Cho, Bloomberg There is some irony in the fact that as world leaders meet at the COP26 climate change conference in Glasgow this week to discuss ways to...
While Elon Musk becomes the world’s richest man, Ethereum stalks Tesla
We are entering the Ethereum age, say its advocates. The network already handles more than $31bn in transactions a day, more than twice that of Bitcoin. From Moneyweb. While Bitcoin is regarded as a digital store of value, Ethereum generates huge earnings daily....
Anglo American appoints South African Duncan Wanblad as CEO to replace Mark Cutifani
Wanblad is the first local to be appointed to the position in more than a decade. From Moneyweb. Duncan Wanblad will take over the helm as CEO of Anglo American in April 2022. Image: Supplied Anglo American has chosen a 54-year old South African, Duncan Wanblad, as...
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