News

Blockchains and bitcoins, a wealth manager’s perspective

We have seen a big uptick in the hype surrounding bitcoin, driven largely by the massive returns reported. Recent Bloomberg research contrasted the rise in bitcoin with market bubbles, like the tech market crash in the late nineties. But there is almost no comparison. Tech stocks rose just more than 000% over the entire course...

Crypto and blockchain: it’s time to put the phenomenon vs fad debate to bed

For years, there’s been a binary debate around cryptocurrencies and blockchain technologies. For the sceptics, they’re a fad, representing nothing more than technological solutions in search of a problem. For the evangelists, this is an unstoppable train that represents an opportunity to turn the traditional financial system on its head by creating a more equitable...

A year into Covid, Durban’s beachfront farmers are still tilling the soil

In a few days, Sandile Mthembu — a pioneering vegetable gardener at the Elangeni Green Zone — will have lived in the tented camp put up by the eThekwini municipality on a vacant municipal plot behind the Elangeni Hotel on Durban’s North Beach for an entire year. Mthembu, 26, was among the first residents of the...

Editorial: Whistleblowers need our protection

The corrupt, those with power and those who abuse others thrive when their wrongdoing stays hidden. In government and in the private sector these secrets are kept because people have so much to lose when speaking out.  As this newspaper has often reported, from the days of apartheid to today, it is not unusual for...

‘It’s absolutely terrifying to be a whistleblower in Sasol’

A former Sasol employee has endured “five years of hell” after blowing the whistle on how the petrochemical giant allegedly, through gross negligence, pumped hazardous chemicals into the Vaal River system because of broken chemical sewer valves at its Secunda operations.  Ian Erasmus, who worked as a senior process controller from 2005 until he was...

ATM loses Ramaphosa no confidence ballot court battle

The Western Cape high court on Friday dismissed an application by the opposition African Transformation Movement (ATM) to force Speaker Thandi Modise to call a secret ballot on the first motion of no confidence against President Cyril Ramaphosa. In a matter that has gone on for more than a year, in part because of the...
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