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November 2017
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Archive for November, 2017
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November 29, 2017

Bitcoin at $10 000: where it goes from here

Bitcoin entered uncharted territory on Wednesday after breaching US$10 000 for the first time, leaving investors to wonder how long the rally will go — and whether it will end in tears.

The digital currency climbed as much as 4.4% to a record $10 379.53 during Asia trading hours, capping a more than 10-fold increase this year. Its market value has surpassed $176bn, according to Coinmarketap.com.

Here’s what bitcoin watchers are saying about the dizzying rally.

Arthur Hayes at BitMEX

“They said it was a bubble at $1 000, they said it was a bubble at $5 000 and they said it was a bubble at $10 000,” said Hayes, CEO and co-founder of Hong Kong-based BitMEX, a [...]

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November 29, 2017

Calls to restructure economy to make it more inclusive

Trade and Industry Minister Rob Davies says there is a need to restructure the economy in order to ensure inclusive growth.

He also said the manufacturing sector, which has been faced with several challenges globally, has shown signs of being a creator of jobs through its linkages with several service sectors.

The Minister said this when briefing journalists on Tuesday after briefing the Portfolio Committee on Trade and Industry on the state of manufacturing, the Industrial Policy Action Plan (IPAP) and the World Trade Organisation.

“The discussion that we had [when presenting to Parliament] we reiterated that the term radical economic transformation means we [...]

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November 29, 2017

BAIC’s investment into South African vehicle assembly project bolstering bilateral investment

Chinese vehicle manufacturer Beijing Automotive Group’s (BAIC’s) decision to invest in a vehicle assembly plant, in the Coega Industrial Development Zone (IDZ), near Port Elizabeth, could help drive further investment by Chinese firms in South Africa.

This is according to South African Embassy in Beijing economic counsellor Thandukwazi Nyawose, who, this week, pointed out that the BAIC project was the largest Chinese investment in South Africa to date.

 

“China has more than $300-trillion dollars of foreign currency reserves and, therefore, has sufficient funds to invest even more into South Africa. South Africa is a new market for Chinese investments and we [...]

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November 29, 2017

CRASH TEST DUMMIES LIVE IN SOUTH AFRICA | FEBRUARY 2018

Canadian rock band CRASH TEST DUMMIES will be visiting South Africa in February 2018. The tour will be led by Brad Roberts, lead singer and songwriter for the band, and fans will be able to enjoy a fun-filled day-time picnic in both Cape Town and Pretoria while jamming to the performance of this extraordinary band.

There is no mistaking the unique bass-baritone voice of lead singer Brad Roberts which no doubt will be conjuring fond memories of CRASH TEST DUMMIES hits over the last two decades. The band received international acclaim with their sophomore record, ‘God Shuffled His Feet’, released in 1993. Their single ‘MMM MMM MMM MMM’ went to the top of the Billboard charts in [...]

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