We all had our suspicions, but it’s now been confirmed. Evidence from the eThekwini Municipality conclusively reveals that the doomed mall in Tongaat had been built illegally.
This is quite possibly the most lucrative property rights transaction in a long time, as the Elvis Presley name, his songs, and his Graceland resort now belong to someone else.
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.
So, Bafana Bafana lost a major sponsor in Puma, when they pulled out a while ago. Now, companies are scrambling to fill the place once occupied by the big cat brand.
You may have noticed a few ludicrous art sales happening lately, what with this Andy Warhol painting going for a billion rand, and this Francis Bacon piece which was sold for a billion and a half. But how is this value created? Where does it come from and how does it rise so exponentially? Perhaps the world of crime is to blame.
McDonald’s have been receiving a very violent and prolonged spate of twitter-complaints from disgruntled customers, who have been complaining that the once-legendary drive-thru service has been seriously lacking. In response, they’ve completely changed the drive-thru forever. Sort of.
LA-based start-up, The Honest Company aims to make eco-friendly, non-toxic, affordable products for babies and their families. In the normal run of business, it might have been hard to get going. But when Jessica Alba is one of your co-founders, that’s not too much of a worry.
There is hot competition out there for the first company who can successfully replace the physical wallet with a completely digital version. Google and Apple are the main contenders, but a small start-up may be inching ahead, with this amazing new piece of tech.
Curious about who’s coining it in Africa and why? Of course you are. Forbes just announced nine fresh faces that joined the esteemed list of Africa’s 50 Richest people.
Watch the videos and find out how the co-founder and CEO of Vice Media transformed what started out as a small, free magazine into a company that is worth $1,6 billion. Read that number again. Now press play.
For those who keep up with Jenna Jameson-related news, you’ll know that she’s not been in a good way lately. Not that she ever was in a particularly ‘good way’. Now, the 39 year-old is going back into porn after promising to “never ever ever spread my legs again in this industry.”
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.
Many of us haven’t even begun dreaming about one day going on a luxury train journey. But in the interests of being prepared, we’d like to offer you a list of some of the world’s best – just in case you feel the need to drop some serious dollar when you next go on holiday.
Previously available with a leather strap, the 5980 is now available in a package that is made entirely out of rose gold. But if you feel like stepping out in one of these, you’ll have to fork out first. One million rand, please.
Justin Bieber may sing well enough to capture the hearts and minds of millions of teens, but we wouldn’t trust him to make sound business deals. He’s reportedly led an R11 million round of funding for RockLive – a San Francisco tech company that plans to launch a new social network this week.
Meet SnapScan. Developed in Stellenbosch, SnapScan is a mobile payment system that uses a combination of QR code recognition and PIN entry for payment of goods and services, without a credit card or cash note ever seeing the light of day. It’s a payment system that could mean the end of grubby banknotes and troublesome change, and we have the lowdown.
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.
US lives to see another day. Diepsloot suspect on the run. 13-year-olds can post publicly on Facebook now. Vanity Fair is gunning for Gwyneth Paltrow. Gummy Bears guy is dead. Another Brit sex slave story.
If you still don’t have a handle on the US government shut down, you’ve reached the point of potential embarrassment at the hands of your peers. It’s not necessarily your fault (it’s your fault), we’re all busy people. Get back in the game, and get up to speed, right now.
Apple’s $147 billion pile of cash monies now accounts for just under 10% of all corporate cash held by nonfinancial companies in the United States. But it’s not like they haven’t been trying to get rid of it. Apple has almost 10% more cash than it did last year, despite dividend payouts and buybacks.
When the team at Rockstar released their latest iteration of the Grand Theft Auto game series, their financial projections indicated that they hoped to make around $1 billion from the game in six months. Well, they may be adjusting that projection, after first-day sales generated over $800 million.
Forbes has released their list of the richest people in America. They said: “Five years after the financial crisis sent the fortunes of many in the U.S. and around the world tumbling, the wealthiest as a group have finally gained back all that they lost.” Guess who’s on top. Go ahead, guess
Floyd ‘Money’ Mayweather was victorious in his much anticipated fight this past weekend against Canelo Alvarez. Not only is he undefeated, but he is stinking rich and wants you to know how much money he has. It’s more than you can imagine. Check out this video of him counting $1 million on his private jet.
Dread Pirate Roberts, creator and owner of the Silk Road online drug-buying portal has completed an anonymous interview with Forbes about his growing enterprise. The Silk Road is a website where one can acquire heroin, methamphetamine, crack, cocaine, LSD, ecstasy and an insane number of marijuana varieties. Payment is possible via BitCoin.
Mail & Guardian has detailed their investigation into what could be this country’s largest fraud scheme. Jeff Wiggill and Andy Bertulis are reportedly the men behind the fraud at First Strut which has been going on for more than two decades.
Nigeria has the second-highest gross domestic profit of any African nation. A fountain of oil produces 2,5 million barrels of oil every day, and the nation’s wealthy have more money than you can fathom. And it stands to reason that there is a healthy sprinkling of extrovert personalities within the ranks of the country’s elite. And when they get married, they get married, hard.
Will a lottery win solve all your problems and make you happy? Its an age old question. Well, lucky for us, Princeton Professors Daniel Kahneman and Angus Deaton have put a lot of time and effort into researching this question, and have come up with an answer.
Evan Spiegel, Bobby Murphy and Reggie Brown were friends. They developed the unsuccessful app Future Freshman and then came Snapchat. The popular photo sharing app is cashing in for the boys but one, Brown has been left out of the $800 million pay day. His contributions are reportedly not worth any equity in the company.
Maria Sharapova has topped the earnings list in women’s sport for the last calendar year, earning $29 million (R285 million) from June 2012 to June 2013. This is Sharapova’s ninth year at the top of the list. Of her $29 million earnings, $6 million came from prize money, while $23 million was the fruit of endorsement deals.
Look at that. It’s Jim Carrey from the movie Ace Ventura. But look how perfectly he imitates what you’ll do outside your office if your numbers come in. Or maybe you’ll just buy the company and fire your boss? Click play on the video above to imagine what it would be like to be cruising […]