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July 27, 2017

Facebook acquires content rights startup Source3

Social network Facebook has acquired US-based startup Source3 – a platform for end-to-end management of intellectual property in user-generated content (UGC) – in order to help it tackle piracy issues.

Recode.net reported that Facebook will acquire the group’s technology and some of the team behind Source3 in order to help it clamp down on users who share pirated videos and other content without permission.

“We’re excited to work with the Source3 team and learn from the expertise they’ve built in intellectual property, trademarks and copyright,” a Facebook spokesperson said in a statement shared with Recode. “As always, we are focused on ensuring we serve our partners [...]

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July 24, 2017

Creating habitats in Madiba’s name

Until five years ago, 56-year-old Thokozile Mthembu lived in a shack for the most part of her adult life.

Like many in her community of Orange Farm, south of Joburg, the winter months felt like years. The shacks, made up of corrugated iron, are extremely hot in summer and extremely cold in winter.

These structures are not ideal to live in and Mthembu thought that would be the situation she would have to bear all her life. That was until she was introduced to a humanitarian organisation that would change her life forever.

The Habitat for Humanity South Africa (HHSA) is a non-profit organisation that has made fighting poverty its mission.  One of its programmes [...]

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July 24, 2017

3 out of 5 businesses fail in SA despite showing a profit

Three out of every five companies in South Africa fail whilst showing a profit, because of mistakenly linking profit and cash flow, according to Frank Knight, CEO of credit management service, Debtsource.

When there is a lack of cash resources, usually tied up in receivables or written off to bad debts, a company is vulnerable to failure, no matter what its perceived profit, said Knight.

In comparison, profit is a measurement of a company’s sustainability on an ongoing basis, while cash flow is a measure of a company’s ability to pay its bills when they are due.

“Cash is the essence of a business and ideally, a business needs to generate enough cash from its [...]

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July 21, 2017

Bitcoin prices back to near record highs after new mechanism to improve usage

Bitcoin backers celebrated as the community embraced a new mechanism to improve usage and allow it to scale, boosting confidence in the virtual currency and sending prices back near record highs.

The community, which had been split on how best to make the cryptocurrency more manageable, rallied behind a code upgrade known as SegWit2x, which aims to increase the network’s transaction capacity. That fueled a rally on Thursday in bitcoin’s price against the dollar, which had plummeted from a peak in June as concerns grew about its future.

“We’re thrilled to get past this impasse,” said Andrew Lee, head of the Bitcoin-shopping startup purse.io, whose team celebrated with [...]

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