Chicken-egg sized diamond found in Canada’s frozen north

The biggest diamond ever found in North America has been unearthed by Dominion Diamond Mines and Rio Tinto Group at a mine in Canada’s frozen north. The 552-carat yellow gem was found at the Diavik mine in the Northwest Territories, and is almost three times the size of the next largest stone ever found in Canada. While Diavik and the neighboring Ekati mine produce some very high quality diamonds, they’re not renowned for the sort of huge gems normally found in southern African mines. Dominion chief executive officer Shane Durgin…

Read More

China’s economy still slowing as policy makers form 2019 Plans

China’s economy slowed again in November as retail sales and industrial production weakened, creating a challenging backdrop for policy makers who gather next week to set the tone for the year at their annual Economic Work Conference in Beijing. Industrial production growth decelerated to 5.4%, below all 38 economists’ estimates. Retail sales — formerly a pillar of support for the economy — posted the weakest performance since May 2003, rising 8.1% from a year earlier. Chinese stocks fell along with the currency as data signalled a deepening slowdown. It wasn’t…

Read More

The great bourbon boom shakeout could be coming next year

As competition and sales of whiskey in the United States and internationally ramp up heading into next year despite tariff concerns in the European Union, 2019 may split winners and losers for the market, SunTrust analysts say. MGP Ingredients, the maker of Tanner’s Creek Bourbon, is set for an “explosive” 2019 as sales of both aged and unaged whiskeys are primed to accelerate, while Jack Daniel’s maker Brown-Forman Corp. may remain under pressure, SunTrust Robinson Humphrey analyst William Chappell writes in notes to clients. MGP management believes “that overall demand…

Read More

Bitcoin sinks nearer to $3 000 level as December losses mount

Bitcoin headed for another weekly slump on Friday, with the largest cryptocurrency heading closer to $3 000 — a level unseen since September last year. The largest digital currency edged 0.5% higher to $3 272 at 9:35 am in Hong Kong after earlier tumbling as much as 6% in US hours, according to consolidated pricing compiled by Bloomberg. It remains down about 3% for the week. The wider Bloomberg Galaxy Crypto Index is on a five-week losing streak. Cryptocurrencies have wiped out $730 billion in market value from a January…

Read More

Eskom is said to mull asset sales as billionaire circles

Eskom is considering the sale of smaller assets as the South African state-owned power utility weighs solutions to a liquidity crisis that contributed to a wave of rolling blackouts, according to people familiar with the matter. The supplier of almost all South Africa’s power is in advanced talks to sell its home-loans business, with local billionaire Patrice Motsepe’s African Rainbow Capital Investments in line to take some or all of the operation, said the people, who asked not to be identified as the plans are still private. The division, called…

Read More

The retirement feature – part 2

In Part 1 I provided some background about the differences between ‘defined benefit’ funds and ‘defined contribution’ funds, and especially some of the problems for funds paying their own pensions. I also mentioned that most trustee meetings are concerned with the implications of the investment policy statement, agreeing on investment mandates and benchmarks, and looking at ‘fund investment performance’ and net replacement ratios. Very seldom is there any discussion about how well pensioners are doing in their old age – the very reason for the existence of retirement funds in…

Read More

2019 cannot be worse for cryptocurrencies

The year 2018 has been a terrible one for cryptocurrencies, which have been on a race to the bottom that shows no real sign of abating. Even for a market accustomed to turbulence, losses of 80% or more are somewhat unsettling. Almost all of the top 100 tokens by market cap listed on crypto analytics site CoinMarketCap are in the red for the year – the impact is especially so for Bitcoin, the first and still most popular digital currency. Despite this rather dire situation, Mathieu Saint-Cyr, MD of the Geneva…

Read More

Lang-termyn beleggings ‘n aanwins as JSE ommeswaai maak

‘); jQuery(“.ginput_container input”).click(function () { jQuery(“.gform_wrapper”).addClass(“active”); jQuery(“#gform_expand”).addClass(“inactive”); }); jQuery(“#gform_expand”).click(function () { jQuery(“.gform_wrapper”).addClass(“active”); jQuery(“#gform_expand”).addClass(“inactive”); }); }); jQuery(document).on(‘click’, ‘a[href*=”#to-comments”]’, function (event) { event.preventDefault(); jQuery(‘html, body’).animate({ scrollTop: jQuery(jQuery.attr(this, ‘href’)).offset().top }, 500); }); jQuery(document).ready(function () { /* The following handles lightbox expansions of images in the article */ //var lightbox_path=lightbox_path||””;!function(a){a.fn.lightBox=function(b){function d(){return e(this,c),!1}function e(c,d){a(“embed, object, select”).css({visibility:”hidden”}),f(),b.imageArray.length=0,b.activeImage=0;var h,e=!1;if(b.grouping&&(h=c.getAttribute(“rel”))&&(e=d,d=[],e.each(function(a,b){h==b.getAttribute(“rel”)&&d.push(b)})),1==d.length){if(“gallery”==b.captionPosition)var i=jQuery(c).parent().next().html();else var i=c.getAttribute(“title”);b.imageArray.push(new Array(c.getAttribute(“href”),i))}else for(var j=0;j1){if(d[j-1].getAttribute(“href”)==d[j].getAttribute(“href”)||jQuery(d[j-1]).parent().parent().children().children().attr(“href”)!=jQuery(d[j]).parent().parent().children().children().attr(“href”)){var i=jQuery(d[j]).parent().next().html();b.imageArray.push(new Array(jQuery(d[j]).parent().parent().children().children().attr(“href”),i))}}else{var i=jQuery(d[j]).parent().next().html();b.imageArray.push(new Array(jQuery(d[j]).parent().parent().children().children().attr(“href”),i))}for(;b.imageArray[b.activeImage][0]!=c.getAttribute(“href”);)b.activeImage++;b.grouping&&e&&(d=e,e=!1),g()}function f(){a(“body”).append(‘ ‘),a(“#jquery-overlay”).css({backgroundColor:b.overlayBgColor,opacity:b.overlayOpacity}).fadeIn(),h(),a(“#jquery-overlay,#jquery-lightbox”).click(function(){q()}),a(“#lightbox-loading-link,#lightbox-secNav-btnClose”).click(function(){return q(),!1}),a(window).resize(function(){h()})}function g(){a(“#lightbox-loading”).show(),b.fixedNavigation?a(“#lightbox-image,#lightbox-container-image-data-box,#lightbox-image-details-currentNumber”).hide():a(“#lightbox-image,#lightbox-nav,#lightbox-nav-btnPrev,#lightbox-nav-btnNext,#lightbox-container-image-data-box,#lightbox-image-details-currentNumber”).hide();var c=new Image;c.onload=function(){a(“#lightbox-image”).attr(“src”,b.imageArray[b.activeImage][0]),i(c.width,c.height),c.onload=function(){}},c.src=b.imageArray[b.activeImage][0]}function h(){var c=r();a(“#jquery-overlay”).css({width:c[0],height:c[1]});var d=s();a(“#jquery-lightbox”).css({top:d[1]+(b.shrinkToFit?b.shrinkPadding:c[3]/10),left:d[0]})}function i(c,d){var e=a(“#lightbox-container-image-box”).width(),f=a(“#lightbox-container-image-box”).height();if(b.shrinkToFit){var g=r(),h=c/d;d>.9*g[3]-2*b.shrinkPadding&&(d=.9*g[3]-2*b.shrinkPadding,c=d*h),c>g[0]-2*b.shrinkPadding&&(c=g[0]-2*b.shrinkPadding,d=c/h)}var i=c+2*b.containerBorderSize,k=d+2*b.containerBorderSize,l=e-i,m=f-k;a(“#lightbox-container-image-box”).animate({width:i,height:k},b.containerResizeSpeed,function(){j()}),0==l&&0==m&&t(a.browser.msie?250:100),a(“#lightbox-container-image-data-box”).css({width:c}),a(“#lightbox-nav-btnPrev,#lightbox-nav-btnNext”).css({height:d+2*b.containerBorderSize})}function j(){a(“#lightbox-loading”).hide(),a(“#lightbox-image”).fadeIn(function(){k(),l()}),p()}function k(){a(“#lightbox-container-image-data-box”).slideDown(“fast”),a(“#lightbox-image-details-caption”).hide(),b.imageArray[b.activeImage][1]&&a(“#lightbox-image-details-caption”).html(b.imageArray[b.activeImage][1]).show(),b.imageArray.length>1&&a(“#lightbox-image-details-currentNumber”).html(b.txtImage+” “+(b.activeImage+1)+” “+b.txtOf+” “+b.imageArray.length).show()}function l(){a(“#lightbox-nav”).show(),a(“#lightbox-nav-btnPrev,#lightbox-nav-btnNext”).css({background:”none”}),0!=b.activeImage&&(b.fixedNavigation?a(“#lightbox-nav-btnPrev”).css({background:”url(“+b.imageBtnPrev+”) left 50% no-repeat”,”margin-left”:”0px”}).unbind().bind(“click”,function(){return b.activeImage=b.activeImage-1,g(),!1}):a(“#lightbox-nav-btnPrev”).unbind().hover(function(){a(this).css({background:”url(“+b.imageBtnPrev+”) left 50% no-repeat”,”margin-left”:”0px”})},function(){a(this).css({background:”url(“+b.imageBtnPrev+”) left 50%…

Read More

The effect of cannabis on the construction industry

The ruling by the Constitutional Court on September 18 that the private use of cannabis would be decriminalised has raised important questions for the construction industry. Gerhard Roets, Construction Health & Safety Manager at the Master Builders Association North, says that companies and their health advisors need to consider the impact of the new legislation on their business from an occupational health and safety management view point. Sandra Pretorius, Director at SANCA Horizon Alcohol and Drug Centre also breaks down the effects that cannabis has on people. ‘); jQuery(“.ginput_container input”).click(function ()…

Read More

Theresa May oorleef mosie van wantroue as staatshoof

‘); jQuery(“.ginput_container input”).click(function () { jQuery(“.gform_wrapper”).addClass(“active”); jQuery(“#gform_expand”).addClass(“inactive”); }); jQuery(“#gform_expand”).click(function () { jQuery(“.gform_wrapper”).addClass(“active”); jQuery(“#gform_expand”).addClass(“inactive”); }); }); jQuery(document).on(‘click’, ‘a[href*=”#to-comments”]’, function (event) { event.preventDefault(); jQuery(‘html, body’).animate({ scrollTop: jQuery(jQuery.attr(this, ‘href’)).offset().top }, 500); }); jQuery(document).ready(function () { /* The following handles lightbox expansions of images in the article */ //var lightbox_path=lightbox_path||””;!function(a){a.fn.lightBox=function(b){function d(){return e(this,c),!1}function e(c,d){a(“embed, object, select”).css({visibility:”hidden”}),f(),b.imageArray.length=0,b.activeImage=0;var h,e=!1;if(b.grouping&&(h=c.getAttribute(“rel”))&&(e=d,d=[],e.each(function(a,b){h==b.getAttribute(“rel”)&&d.push(b)})),1==d.length){if(“gallery”==b.captionPosition)var i=jQuery(c).parent().next().html();else var i=c.getAttribute(“title”);b.imageArray.push(new Array(c.getAttribute(“href”),i))}else for(var j=0;j1){if(d[j-1].getAttribute(“href”)==d[j].getAttribute(“href”)||jQuery(d[j-1]).parent().parent().children().children().attr(“href”)!=jQuery(d[j]).parent().parent().children().children().attr(“href”)){var i=jQuery(d[j]).parent().next().html();b.imageArray.push(new Array(jQuery(d[j]).parent().parent().children().children().attr(“href”),i))}}else{var i=jQuery(d[j]).parent().next().html();b.imageArray.push(new Array(jQuery(d[j]).parent().parent().children().children().attr(“href”),i))}for(;b.imageArray[b.activeImage][0]!=c.getAttribute(“href”);)b.activeImage++;b.grouping&&e&&(d=e,e=!1),g()}function f(){a(“body”).append(‘ ‘),a(“#jquery-overlay”).css({backgroundColor:b.overlayBgColor,opacity:b.overlayOpacity}).fadeIn(),h(),a(“#jquery-overlay,#jquery-lightbox”).click(function(){q()}),a(“#lightbox-loading-link,#lightbox-secNav-btnClose”).click(function(){return q(),!1}),a(window).resize(function(){h()})}function g(){a(“#lightbox-loading”).show(),b.fixedNavigation?a(“#lightbox-image,#lightbox-container-image-data-box,#lightbox-image-details-currentNumber”).hide():a(“#lightbox-image,#lightbox-nav,#lightbox-nav-btnPrev,#lightbox-nav-btnNext,#lightbox-container-image-data-box,#lightbox-image-details-currentNumber”).hide();var c=new Image;c.onload=function(){a(“#lightbox-image”).attr(“src”,b.imageArray[b.activeImage][0]),i(c.width,c.height),c.onload=function(){}},c.src=b.imageArray[b.activeImage][0]}function h(){var c=r();a(“#jquery-overlay”).css({width:c[0],height:c[1]});var d=s();a(“#jquery-lightbox”).css({top:d[1]+(b.shrinkToFit?b.shrinkPadding:c[3]/10),left:d[0]})}function i(c,d){var e=a(“#lightbox-container-image-box”).width(),f=a(“#lightbox-container-image-box”).height();if(b.shrinkToFit){var g=r(),h=c/d;d>.9*g[3]-2*b.shrinkPadding&&(d=.9*g[3]-2*b.shrinkPadding,c=d*h),c>g[0]-2*b.shrinkPadding&&(c=g[0]-2*b.shrinkPadding,d=c/h)}var i=c+2*b.containerBorderSize,k=d+2*b.containerBorderSize,l=e-i,m=f-k;a(“#lightbox-container-image-box”).animate({width:i,height:k},b.containerResizeSpeed,function(){j()}),0==l&&0==m&&t(a.browser.msie?250:100),a(“#lightbox-container-image-data-box”).css({width:c}),a(“#lightbox-nav-btnPrev,#lightbox-nav-btnNext”).css({height:d+2*b.containerBorderSize})}function j(){a(“#lightbox-loading”).hide(),a(“#lightbox-image”).fadeIn(function(){k(),l()}),p()}function k(){a(“#lightbox-container-image-data-box”).slideDown(“fast”),a(“#lightbox-image-details-caption”).hide(),b.imageArray[b.activeImage][1]&&a(“#lightbox-image-details-caption”).html(b.imageArray[b.activeImage][1]).show(),b.imageArray.length>1&&a(“#lightbox-image-details-currentNumber”).html(b.txtImage+” “+(b.activeImage+1)+” “+b.txtOf+” “+b.imageArray.length).show()}function l(){a(“#lightbox-nav”).show(),a(“#lightbox-nav-btnPrev,#lightbox-nav-btnNext”).css({background:”none”}),0!=b.activeImage&&(b.fixedNavigation?a(“#lightbox-nav-btnPrev”).css({background:”url(“+b.imageBtnPrev+”) left 50% no-repeat”,”margin-left”:”0px”}).unbind().bind(“click”,function(){return b.activeImage=b.activeImage-1,g(),!1}):a(“#lightbox-nav-btnPrev”).unbind().hover(function(){a(this).css({background:”url(“+b.imageBtnPrev+”) left 50% no-repeat”,”margin-left”:”0px”})},function(){a(this).css({background:”url(“+b.imageBtnPrev+”) left 50%…

Read More