Bitcoin: The energy guzzler

The recent upsurge in the price of Bitcoin seems to have finally awakened the world to the massively destructive environmental consequences of this bubble. These consequences were pointed out as long ago as 2013 by Australian…

Steinhoff summit as Wiese steps down

The Minister of Finance, Malusi Gigaba, will meet today, Friday, with a range of stakeholders to discuss the Steinhoff scandal.   The meeting will be at lunchtime at the JSE in Sandton. This follows the news…

Steinhoff ‘should have been foreseen’

The failure of Steinhoff has shocked even the most seasoned asset managers. It is the biggest corporate failure on the JSE.  Allegations of earnings manipulations, uncontrolled acquisition sprees and tax fraud are just the tip of the iceberg….