The ANC national executive committee (NEC) decision to intervene in the party’s strife-torn North West structures is unlikely to stop supporters of ousted premier Supra Mahumapelo from asking the court to enforce a 2019 decision to reinstate his provincial executive committee (PEC). In his closing remarks at the NEC meeting this past the weekend, President...Read More
Bitcoin has fully pared losses from Sunday’s dip as the leading cryptocurrency fell from around $48,600 to below $46,000 early Monday morning. As of 21:00 UTC (4 p.m. ET), bitcoin was trading above $48,600 on Coinbase. But the leading cryptocurrency still has yet to trade above the psychologically significant $50,000 mark. Much of bitcoin’s choppy...Read More
Over-indebted consumers are set to face a tough 2021. With over 2 million jobs lost in 2020, the highest number of Covid-19 cases on the continent and the after-effect of strict lockdown restrictions still affecting businesses, the future looks uncertain for many South Africans, particularly financially. According to Trading Economics, household debt in relation to...Read More
Thailand’s Securities and Exchange Commission (SEC) will conduct a public hearing this month to gauge what qualifications should be imposed on retail investors opening new cryptocurrency trading accounts. According to a report by the Bangkok Post on Sunday, the regulator is concerned for investor safety amid the recent meteoric rise in cryptocurrency prices and the...Read More
COMMENT It is a fable that silver bullets kill vampires. The creatures they kill are actually werewolves. With the latest news about vaccines and variants, you would be excused for thinking this is a crazy out-of-control mess — and you would not be far wrong. But, we need to pull back from quick conclusions and...Read More
Dogecoin is not a cryptocurrency you would expect to read about much in this column since it is not exactly an “institutional grade” asset. It has a market cap of over $8 billion at time of writing (less than 1/100th of bitcoin’s), no unique use case and no lively derivatives market. But bear with me...Read More
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