Silicon is one of the most useful elements to mankind.
It's also one of the most abundant elements on Earth…
But did you know Silicon became the preferred material for the growing semiconductor industry?
Before the 1950s, transistorised circuits were manufactured by placing separate transistors on a circuit board.
But by the end of the '50s, semi-conductor companies like Texas I... ››› more
In the growing world of online, data privacy is of the utmost importance.
Even more so if you're a company that stores people personal data.
In this day and age, if you fail to protect personal data, you will suffer major backlash.
Just take the Facebook-Cambridge Analytica data scandal - where Cambridge Analytica harvested the personal data of millions of people's Facebook profiles... ››› more
Yesterday, following its monetary policy committee meeting, the Reserve Bank announced it was keeping interest rates unchanged.
But with inflation climbing again, South Africa's central bank may have to consider hiking rates to keep it in check.
Let's take a closer look at what happened…
Interest rates stand steady at 5.75%
The governor of the Reserve Bank, Lesetja Kganyago, annou... ››› more
This afternoon, the South African Reserve Bank revealed its decision on interest rates following its first monetary policy committee meeting of the year.
As expected, the central bank kept interest rates unchanged.
Let's take a closer look at the announcement…
The bank’s decision was in line with expectations
The governor of the Reserve Bank, Lesetja Kganyago, said that the mone... ››› more
Earlier this week, it was announced that Lesetja Kganyago is going to replace Gill Marcus, as the Governor of the South African Reserve Bank.
For the past three years, was one of Ms. Marcus deputy governor's. And so the country and myself, are thrilled for him to take over as the next leader of the SARB.
I believe by appointing Mr. Kganyago, it has helped restore confidence in the country.... ››› more
Over the last few weeks, the rand has been trending weaker.
Amongst a whole host of pressures, including poor domestic economic data and a strong dollar, one factor was the unknown over who was replacing Gill Marcus as the governor of the Reserve Bank.
Yesterday, President Jacob Zuma announced Ms Marcus' successor. The local currency took the news well.
Let's take a closer look at what we... ››› more
We're told that we should learn how to properly manage our finances. Staying organized is a crucial ingredient to achieving financial freedom.
Becoming and staying organized is much easier today than it used to be, because now we have many online tools and mobile tools that help us achieve our financial goals.
Here are four easy ways to organize and stay on top of your finances.
1. Set ... ››› more
Since Gill Marcus' surprise announcement last month that she wouldn't be returning for a second term as governor of the Reserve Bank, there's been much speculation over who would take on the key role.
Many believed that President Jacob Zuma would select one of Ms Marcus' current deputy governors. Yet others said he might out for a candidate external to the Reserve Bank pool.
This morning bro... ››› more
Along with yesterday's interest rate decision came the announcement that few were expecting. Gill Marcus tendered her resignation as governor of South Africa's Reserve Bank.
She'll finish up in her post at the beginning of November after serving a five-year term.
The market didn't take the news well. The rand plunged to fresh seven-month lows.
Let's take a look at the likely candidates…... ››› more
The growing popularity of Bitcoin has certainly brought the use of virtual currencies into the public realm. Even the former chairman of the US Federal Reserve, Ben Bernanke, said that Bitcoin “may hold long-term promise”. Acceptance of using Bitcoin for payments is still in its infancy, but it's growing in spite of some governments trying to block its use. But could a better virtual currency ... ››› more
The current silver price is $22 per ounce. This is a truly astonishing number for a few reasons. To begin, let's take a quick look at the history books. In 1980 an ounce of silver reached a high of $49.95. So despite all the money printing and financial chaos in the world in the past 33 years, silver has gone backwards. This is truly shocking. But when put into context it becomes even more ridicul... ››› more
Today, it became public that US bank, JPMorgan & Chase, will pay about $920 million in fines. The fines will be payable to four different regulators over derivative trading losses last year. Let's take a closer look at what's going on…
The biggest bank in the US, JP Morgan will pay “four regulators $920 million,” reports the BBC. The fines relate to a “$6.2 billion loss incurred as a res... ››› more
With the good news that the majority of workers in the car maker industry are heading back to work today, another strike hits the sector. Petrol attendants and other workers in the retail side of the motor industry downed tools today. Let's take a closer look at what's going on…
Yesterday, it emerged that “petrol attendants and car repair workers” will begin strike action today, reports iA... ››› more
The media is wrong about China.
You see, the media constantly reminds us that China is in the midst of a dangerous banking crisis.
If they had their way, this would make you afraid for your portfolio and worry that it is suddenly going to go bust... Taking the rest of the world with it and sinking your investments.
It's likely this is a load of twaddle.
Is this... ››› more
It emerged over the weekend that JPMorgan are part of an investigation by the US into corruption in China. Let's have a closer look at what's going on…
The spotlight is on JPMorgan for its “hiring practices in China,” reports Fin24. And rival banks will be “scrambling to review their records” to make sure they’re not next in line for investigation.
In China, “ties to political a... ››› more
There's been a lot of publicity surrounding the tax affairs of certain multinationals, like Google and Starbucks. These firms manage to pay a minimal amount of tax despite raking in billions in profits. The G20 have backed plans released by the Organisation for Economic Co-operation and Development (OECD) to stop companies moving profits about to stop paying tax. Read on to find out more about thi... ››› more
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