Water Wednesday: Cold front to bring floods to Cape Town

Western Cape Dam levels have been steadily improving in the past two weeks and will most likely continue after the upcoming storm. The South African Weather Service warned that an intense cold front was headed to the province as well as the Namakwa District of the Northern Cape on 14 and 15 June. MEDIA RELEASE: Please be advised of the intense cold front resulting in wet and cold weather for the WC 14-15 June 2018 and Gauteng, FS + Mpu will be affected in max temp. Visit https://t.co/82W3dwn2P1 for full view…

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How to stay within the law and buy Bitcoin in South Africa

The South African Reserve Bank recently issued guidance regarding its position on the purchase and transfer of cryptocurrencies. The SARB does not regulate the exchange of cryptocurrencies in South Africa, but moving cryptocurrency overseas and buying or selling on a foreign exchange could get you into trouble with exchange control regulations. The only permissible way for South Africans to purchase cryptocurrencies from abroad is to use their single discretionary allowance of R1 million or individual foreign investment allowance of R10 million per year. Many South Africans have invested in cryptocurrencies…

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New technologies come to the rescue of mining

The mining sector is dragging itself into the digital age to rescue itself from years of bloodletting. The commodity boom years camouflaged all manner of inefficiencies that are only now being addressed. When the cash was pumping, there was little incentive to innovate. There’s nothing like looming disaster to sharpen the mind and invent better ways of doing things. The end of the commodity boom eight years ago was the kick the industry needed. Mining houses are shedding their image of dust and dynamite with new technologies intended to improve…

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Bipolar Awareness Day: Bipolar sufferers don’t need to feel isolated

Bipolar disorder is a hidden societal problem, with many believing their fluctuating moods are part of life – and suffer for years without realising that help is available. Read: Living with bipolar disorder: Managing your symptoms and staying balanced The South African Depression and Anxiety Group (Sadag) will be hosting a number of events around the country to raise awareness and create conversations surrounding bipolar disorder, for Bipolar Awareness Day on 26 May. Psychiatrist Dr Kim Laxton said, “Manic depression has been used as a clinical description of bipolar and related…

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Signs say yes for SA bond sales but issuers say no

With emerging-market credit spreads near their best levels in more than a decade, 2018 should’ve been the year to borrow. Yet bond sales by South African banks, insurers and property companies are headed for a five-year low. Not everyone is missing the boat. Capitec Bank, the country’s fastest-growing major lender, last week sold R500 million ($40 million) of three-year floating-rate notes at 153 basis points above the quarterly three-month Johannesburg Interbank Agreed Rate. Last May, it had to pay a premium of 200 basis points for the same amount. The…

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#AfricaDay: Our favourite throwback African videos

Out of the many things we can appreciate about Africa, music is at the top of the list. African musicians from all over the continent have been giving the gift of sound to the world for decades. It is a commonly known fact that some of the most famous musical genres of today were inspired by the unique sounds of Africa. Here are some of our favourite throwback songs over the decades. 10. Oliver Mtukudzi – Neria Zimbabwean legend Oliver Mtukudzi has provided us with many hit songs but the…

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Samsung launches Galaxy A6+ in South Africa

Samsung has launched its new Galaxy A6+ smartphone in South Africa, sporting a stylish design and powerful specifications. The Galaxy A6+ boasts the manufacturer’s Infinity display design and comes in Gold, Black, and Lavender finishes. Samsung’s Galaxy A6+ also features an impressive camera system, with a 24MP front-facing sensor and a dual camera setup on the rear of the smartphone. The device supports the AI-powered Bixby Vision camera feature, which recognises objects, landmarks, and more. Samsung’s Bixby digital assistant is also included in the device, along with AI-powered features such…

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Water Wednesday: Children drowning remains a big problem in SA

Under the hashtag #canalsafety, the Department has launched an educational campaign around drowning. In South Africa, children drown every day and these drownings occur mainly in children under the age of 14 years. Drowning and near-drowning incidents occur across both recreational and non-recreational activities. The DWS is embarking on a campaign under the theme, “Canals and Inland Waterways’ Safety is Everyone’s Responsibility” to reduce the number of drowning at our canals. #CanalSafety pic.twitter.com/EgrSkct76e — Water&SanitationRSA (@DWS_RSA) May 18, 2018 Data from the Medical Research Council lists drowning as one of…

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South Africans could face trouble for buying Bitcoin from offshore exchanges

The South African Reserve Bank has issued guidance regarding its position on the purchasing and transfer of cryptocurrencies. While the SARB does not regulate the trade of cryptocurrencies in South Africa, it has stated the consequences of purchasing and selling cryptocurrencies using international exchanges. The only permissible way for South Africans to purchase cryptocurrencies from abroad is to use their single discretionary allowance of R1 million or individual foreign investment allowance of R10 million per year. Additionally, the SARB will not allow a South African company to use the foreign…

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