-
Economics
-
This Is Why SA Consumers Are Buying More Cars Than The 2007 Peak
02 Aug 2013 by Jasmine Stone / No Comments
Vehicle sales for the month of July are the best they have been since July 2007 and it is probably a result of the weaker rand coupled with consumers fears of how this will impact them.
-
Thailand Becomes First Country In The World To Declare Bitcoin Illegal
30 Jul 2013 by Jasmine Stone / No Comments
Thailand has the ignomous distinction of being the first country in the world to ban Bitcoin. This, from AP: The company overseeing bitcoins in Thailand said on its website that the central bank informed it on Monday that it’s illegal to trade bitcoins, move them in or out of the country, or use them to […]
-
The Royal Baby Is Worth R7 Billion To The British Economy
24 Jul 2013 by Jasmine Stone / No Comments
The latest addition to the royal family has captured the attention of the world. The media have been keeping a close watch on the Duke and Duchess of Cambridge and their new baby boy. It’s no wonder that this worldwide attention has resulted in companies wanting to cash in. They’ve been producing merchandise like royal […]
-
The Fall Of A Giant: This Is How Brazilian Tycoon Eike Batista Has Lost Billions In The Space Of A Year
25 Jun 2013 by Jasmine Stone / No Comments
Brazilain billionaire Eike Bastista has fallen on tough times losing billions in the space of a year. The tycoon, once number 7 on the Forbes wealthiest list, is now being called the “master of road shows” by critics.
-
Bank Executives Caught On Tape, Laughing That They’ll Never Pay Bank Bailouts Back [VIDEO]
25 Jun 2013 by Jasmine Stone / No Comments
Top executives at Anglo Irish Bank have been caught on tape laughing and joking about how they would never be able to pay back the money they received from the state for bailouts.
-
Hallelujah – Local Cars Sales Were Up By Almost 10% In May
04 Jun 2013 by Jasmine Stone / No Comments
Figures released on Monday by the department of trade and industry indicate an increase in car sales for the month of May. But this increase is no indication of car sales for the remainder of the year.
-
Zuma Tells The World That Strikes Are Normal, The Rand Cruises Past The R10/Dollar Mark
30 May 2013 by Jasmine Stone / 5 Comments
Zuma addressed reporters this morning at the Union Buildings in Pretoria on the general state of the economy, and government’s plan of action to stabalise the mining sector. Following the speech, the Rand slid from R9,71, to over R10 to the US Dollar, this afternoon.
-
And The Happiest Nation In The World For 2013 Is…
29 May 2013 by Jasmine Stone / 1 Comment
Click here to find out who succeeded as the happiest developed nation in the world…
-
Just Keep Digging: The Rand Has Hit A Four Year Low Against The Dollar
23 May 2013 by Jasmine Stone / No Comments
The rand is currently standing at 9,6980 to the dollar – the lowest it has been in the last four years.
-
“Greed Is Good” – Turns Out Money Really Does Make Us Evil
17 May 2013 by Jasmine Stone / No Comments
Two German economists have released research detailing the stupid and bad decisions we make due to capitalism. Consumers still purchase from retailers that have been linked to the deaths of over 1 000 textile workers.
-
This Global Map Of Racial Intolerance Is Troubling [PIC]
16 May 2013 by Jasmine Stone / No Comments
A worldwide survey displays the countires that are the most and least tolerant regarding race. Would the colour of your neighbour bother you?
-
Cape Town Engineer, William Graham Invents Incredible Plastic-To-Fuel Converter
16 Apr 2013 by Jasmine Stone / 5 Comments
For years, science has agreed that plastic waste is destructive for our environment , but not according to Somerset West inventor, William Graham. To Graham, the tons of plastic waste produced by our society on a weekly basis is an ever-growing stack of gold
-
Obviously Zuckerberg’s Nemeses, The Winklevoss Twins, Own 1% Of Bitcoin
12 Apr 2013 by Jasmine Stone / No Comments
Identical twins, Tyler and Cameron Winklevoss have amassed the single largest portfolio of online currency over the last six months, and it’s all in Bitcoins. The Winklevii, as they are better known, say they own nearly 1% of all available Bitcoins.
-
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, […]
-
Holy Cash: Understanding The Finances Of The Vatican
20 Mar 2013 by Jasmine Stone / No Comments
Pope Francis is the new leader of 1,2 billion Catholics. But he’s also the man in charge of the Vatican’s finances. Former pope, Benedict made progress in reforming the Vatican Bank by replacing the president and creating a financial-intelligence committee after allegeations of abuse and mismanagement spanning decades. Recent controversy Modern controversy surrounding the bank […]
-
National Assembly Approves E-Tolling Bill
06 Mar 2013 by Jasmine Stone / No Comments
While introducing the bill yesterday, Transport Minister, Ben Martins said the Transport Laws and Related Matters Amendment Bill was essential for, “the appropriate implementation of the e-tolling system”, arguing that it was a requirement for the implementation of the Gauteng Freeway Improvement Project. The bill was approved with a majority vote by the National Assembly with 193 […]
-
Get Up To Speed: The 2013 Budget Speech – In English This Time!
28 Feb 2013 by Jasmine Stone / No Comments
We caught up with 2oceansvibe Media’s accountants, Galbraith Rushby, who gave us this thorough analysis on the 2013 Budget Speech and what it means for you and me. In English that you can understand! Click for more.
-
China’s Version Of Dubai Is An Economic Ghost Town
27 Feb 2013 by Jasmine Stone / No Comments
A man made island of sail-shaped skyscrapers surrounded by tropical seas was billed to be China’s Dubai. But unlike Dubai, Phoenix Island has not been able to rise from the ashes. Property on Phoenix Island is considered a bad investment in light of the recent economic downturn. With China’s unstable economy proving to be crippling for the […]
-
J.P. Morgan Chase Will Cut 17 000 Jobs Over The Next Two Years
27 Feb 2013 by Jasmine Stone / No Comments
Banking giant and international doer of evil, J.P. Morgan Chase confirmed yesterday during an event for investors at its Midtown Manhattan headquarters that it plans to cut 17 000 jobs over the next two years while committing to a program of global expansion. With a current workforce of approximately 260 000, the bank plans to […]
-
[UPDATED] Amplats Plans To Cut 14 000 Jobs, Government Is Shocked, Workers Strike
16 Jan 2013 by Jasmine Stone / No Comments
Gasp, horror, shock. The poor government didn’t see that vast amounts of jobs would be lost as a result of their poor management of an on-going crisis in the mining sector in South Africa.
-
Sir Richard Branson Is Coming To South Africa To Offer You His Expertise
15 Nov 2012 by Seth Rotherham / 2 Comments
Sir Richard Branson, the maverick billionaire whose Virgin brand spans the globe, needs zero introduction. But what does need an introduction, is his appearance in South Africa early next year.
-
Invitation: Millionaire Forex Trader Secrets Seminar – Free Entry
08 Nov 2012 by Seth Rotherham / No Comments
Forex trading is a way to earn money. Enough money to live the holiday, ergo, not work. What kind of things might you like to do in your free, moneyed leisure time? You could: Buy a motorsports team Challenge children to high stakes games of putt-putt on the Promenade Go for a lunchtime surf with other retired millionaires […]
-
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.
-
Eskom Will Be Taking Even More Of Your Money Soon
22 Oct 2012 by Jasmine Stone / 2 Comments
Having just come out of winter, and with a decreased summer load on the national grid, you would expect that a little relief would be in order from our nation’s energy supplier – not quite. After lukewarm showers, green swimming pools and rooms lit with a single lightbulb, we’ll be finding out this week if we’re in for another increase in the price of electricity.
-
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.
-
Greece’s Budget Shortfall Now Totals 20 Billion Euros, Nearly Double Estimate
25 Sep 2012 by Jasmine Stone / No Comments
Well, this isn’t good news for Greece, especially as they have to reduce that budget deficit before they can get the next tranche of cash that has been promised to them.
-
US Debt Reaches $16 Trillion, Eclipses Economy
04 Sep 2012 by Jasmine Stone / 1 Comment
The US government is on the verge of announcing its $16 trillion debt, a figure that is 104% of the nation’s gross domestic product. That’s right folks, the US’s debt has officially overtaken its economy.
-
Petrol Price Hike Explained – Oil Imports From Iran Drop To Zero
03 Sep 2012 by Jasmine Stone / 1 Comment
As the petrol price is set to increase by 93 cents a litre on Wednesday, it’s been revealed that South Africa imported no crude oil from Iran last month, traditionally one of our biggest suppliers.
-
1Time Airline In Serious Financial Trouble, Files For Business Rescue
22 Aug 2012 by Jasmine Stone / 11 Comments
Earlier this year, it was reported that 1time Airline was in serious financial trouble, and some even wondered if they’d be around next year. 1time now requires a business rescue as they are “financially distressed”, and owe millions.
-
British Bank Accused Of Laundering $250 Billion For Iran Regime
07 Aug 2012 by Jasmine Stone / No Comments
US regulators have accused British bank, Standard Chartered, of behaving like a “rogue institution” and of laundering $250 billion from Iran, hiding the transactions for over a decade, a violation of US sanctions.
-
-
-
2oceansvibe Partners
-
-
