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Current and former gold miners who contracted silicosis will finally receive the money from the settlement agreement approved by the high court in 2019 between them and six large mining companies.  On Tuesday, Tshiamiso Trust, which was established to carry out the silicosis payouts, announced that it has started its claiming process.  The chief executive officer...
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Osprey Fund’s bitcoin trust is now available to retail investors via the over-the-counter (OTC) market, the company announced Tuesday. The fund was formed two years ago, and Osprey applied to register the trust with the U.S. Securities and Exchange Commission (SEC) in the middle of last year, said Osprey CEO Greg King. It joins a...
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Digital asset custodian Aegis Custody has received the South Dakota Division of Banking’s blessing to start forming a trust company in the state. The full-service digital asset shop must clear a series of minor regulatory hurdles before it can secure the trust charter necessary to do business, President Michael McCarty said. He said the process...
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A group of mostly women say they were tricked into signing leases by the Ingonyama Trust on their ancestral land and are now seeking a high court order to declare the agreements invalid. The case is set to be heard by a full bench of the KwaZulu-Natal Division of the high court in Pietermaritzburg, from...
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Multinational payments firm Sia is partnering with cryptocurrency custodian Hex Trust to help its European banking clients hold digital assets. “When you have one bitcoin, it’s not a big problem, but when you start adding 10, 20 or 100, you have a treasury and you have to decide where to store this,” said Daniele Savarè,...
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Land Reform Minister Thoko Didiza has appointed a forensic investigation into the finances of the Ingonyama Board Trust (ITB) and allegations that its chairperson, Jerome Ngwenya, used the public entity to enrich himself. Didiza gave Ngwenya notice of the forensic audit of the ITB and the financial misconduct  probe into him last month after a...
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The recent exposé of massive misappropriation of the Covid-19 funds allocated for relief was a disturbing revelation to the nation. It was disturbing primarily because of the overwhelming effects that the pandemic has already had on South Africans: lives have been lost, businesses have been closed and many have been left without livelihoods. Finance Minister...
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