This will be a decision that will please many: Cape Town’s city council has approved the proposal to rezone the Cape Town Stadium in Green Point for commercial activity.
Elon Musk has been called the “most inspiring entrepreneur in the world right now”, and it’s not hard to see why when one considers what he does. Click through for a look at what Elon’s average day is like.
FNB, trying to get relief from foot traffic in its branches, is now offering cash back at Pick n Pay and Shoprite Checkers. This move comes as government is placing increased pressure on banks to reduce transaction and banking fees.
Billionaire Richard Branson, founder of the Virgin Group, has expressed his interest in buying back the business that started it all, Virgin Records.
Big banks just continue to let us down. In the latest scandalous development in the world of banking, the global bank HSBC has been used by Mexican drug cartels looking to get cash back into the US, and by Saudi Arabian banks that needed access to dollars.
In another financial blow that the company can’t afford, RIM has been found guilty of patent infringement and has been forced to pay out $147,2 million in damages.
BlackBerry maker, Research In Motion, has had a terrible past quarter. The smartphone manufacturer is now literally hemorrhaging money and sales figures.
A Jozi-based businessman, Lew Campbell, has just landed himself a great deal. Today he bought the Tiffindell Ski Resort at an absolute auction, and he hopes to have it running again by 2013.
Independent News and Media, the country’s largest newspaper group, may be up for sale. Of course, the first question that gets raised when these kind of things happen, which they don’t really, is are there politically connected buyers lining up to bid for the group?
Facebook may in the future be doing for your banking what it’s done for your online privacy in general. Who doesn’t want to be able to pay their bills while at the same time looking at photos of their friends at that braai that got a little out of hand?
Over the past few weeks we’ve brought you several reports regarding the increasingly worrisome LIBOR scandal. The investigation into interest rate-rigging debacle is quickly snowballing and analysts have now begun wondering if “16 of the world’s largest banks have perpetrated the biggest fraud in history.”
A huge development is on the cards for the stretch of coastline from Cape Point to Gordon’s Bay. It would turn the area into the Copacabana of Cape Town, MEC Alan Winde has said.
On the back of numerous electricity price hikes comes the news that Eskom blew more than R36 million on staff parties and team building experiences last year. The parastatal has however come out and defended the expenditure saying fun days are used to commit workers to keeping the lights on.
If you weren’t aware of just how prolific Chinese investment is in Africa, wait until you see these startling images of what’s going on in Angola.
The Financial Services Authority (FSA), the regulator of all providers of financial services in the UK, has today confirmed that Barclays was definitely not acting alone, nor was this an isolated case in the authorities’ probe of banks rigging a key interbank interest rate.
On the back of news that Barclays bank was punished with a record fine of £290 million by UK authorities for interest rate manipulation, comes the speculation that the crisis, said to involve numerous banks around the world, could help push investors toward South African shores.
Sanlam’s National Start Something Day competition is in full swing, and with R200 000 at their disposal, they’ve been helping people to start the things they’ve always wanted to do but never done. What would you like to start? We’ve all got that thing in the back of our minds: that blank canvass stuffed in […]
Well this is terribly worrying. Yesterday, Barclays bank – one of the biggest banks in the world – was fined a record £290 million for attempting to manipulate the world’s benchmark borrowing rate – the Libor. This is a huge blow to the bank’s reputation and raises questions over the future of chief executive Bob Diamond. Up to 40 other global banks face being named and shamed too.
Frank.net sell Life Cover, Disability Cover, Serious Illness Cover, and Salary Protection directly to people without using brokers. They’re backed by Munich Re – the world’s leading re-insurer – so you never have to worry if they actually have the money. They tell it like it is, and don’t hide behind big words or misleading […]
The Department of Environmental Affairs (read: the South African government) has welcomed (obviously?) the Council of the Global Environment Facility’s approval of R25 million worth of funding aimed at strengthening the current wildlife forensic capabilities in South Africa. The donation will help combat wildlife crimes like rhino poaching.
Cyprus has become the fifth euro zone country to seek emergency funding from Brussels, and it may require a bailout amount worth up to half the size of its economy. We’re not talking the kind of numbers that Spain and Greece have been after, but when half of your economy is looking a bit worse for wear, it’s not ideal.
Roses are red, violets are blue, but no matter the colour, Moses needs Lobola! That was the story that Moses Nefale shared with Sanlam as part of his entry to the Sanlam National Start Something Day competition. In a world of uncertainty and unrest, Moses looked back to his roots and decided that it was […]
More than a year after 2oceasnVibe first covered the story about South Africa’s only ski resort going under the hammer, the resort will finally be sold in a “no reserve” auction on July 12 this year. Now you can really own it. Auction Alliance didn’t crack the nod for this one, so expect everything to be above board.
Much hype has been made about the imminent visit from 19-time English Premier League Champions, Manchester United. But, the City of Cape is expected to make a R3,7 million loss for hosting the event at the Cape Town Stadium. The city’s mayoral committee member for tourism, Grant Pascoe, argues that, despite the loss, hosting the match is part of the City’s drive to market itself as an “events destination”.
Soon the South African Revenue Service will have the power to search and seize relevant material without the need for a warrant, a tax expert has today told the City Press. The Tax Administration Bill could “have serious and significant ramifications” for taxpayers, the expert continued. However, this doesn’t appear to be a bad thing, if you’ve got nothing to hide.
Yesterday, the Western Cape High court handed down a judgement that ruled that National Consumer Commissioner, Mamodupi Mohlala-Mulaudzi, acted outside of her powers when she summoned three Auction Alliance executives, including Rael Levitt, to appear before the National Consumer Commission earlier this year. It’s a notable victory for Auction Alliance, but doesn’t rule out a criminal investigation into possible fraud.
Sanlam’s National Start Something Day is an opportunity for you to prove that you are innovative, and can make a success of that dream that’s been floating around in your head. What have you always dreamed of? Do you desire to contribute meaningfully to the economic and social growth of our country? Do you realise that you’re […]
Former T20 cricket enigma and ex-multi billionaire, Allen Stanford, has been sentenced to 110 years in jail for defrauding investors of $7 billion. Stanford was also ordered to pay back $5,9 billion, which he doesn’t have, because he lost everything.
Western sanctions against Iran’s oil exports have shown that they have fallen by an estimated 40 per cent since the start of the year, according to the International Energy Agency. Separately, the UAE is nearing completion of an oil route that totally avoids Iran. Unlucky, Iran.
Yahoo has been criticised in the past for neglecting its original core business of being a search engine, and it may experience more of that with its latest exapnsion into content publishing. However, it has described its latest partnership with CNBC as a key strategy to becoming a “premium media network.”