Has MMM Global Collapsed Following the Shutdown of Republic of Bitcoin?

South Africa – Thousands of MMM Global participants across the country are anxious about losing their investments following the network’s announcement last week that it was shutting down one of its schemes, known as the Republic of Bitcoin (RB). MMM Global, which describes itself as a social financial network, announced on its Facebook page on Saturday that the RB, which offered monthly returns of 100%, was an experiment and it failed. “We regret to inform ... Read more »
by Staff Writer | Published 10 years ago

By Staff Writer On Friday, April 8th, 2016

Is Jabulani Cashflow Ngcobo a Fraudster?

One of Durban’s youngest millionaires, Jabulani “Cashflow” Ngcobo, who currently resides in Johannesburg, where he is living a lavish lifestyle, has been accused of defrauding a number of peop... Read more »
By Oliver Ngwenya On Thursday, September 17th, 2015

Load Shedding A Necessary Measure To Protect The Power System: Eskom Says

Eskom announced on Monday evening that it had implemented stage 1 load shedding after managing to keep the country’s lights on for five weeks. It is said that the power system was stable for most of the day t... Read more »
By Oliver Ngwenya On Saturday, September 5th, 2015

More Power Stations to Join the National Grid: Eskom

Eskom, the South African power utility, has announced that it aims to reduce the recurring power shortage within the country by bringing on line a number of units into the power mainstream. This announcement fo... Read more »
By Oliver Ngwenya On Friday, June 12th, 2015

Eskom CEO Brian Molefe Calls Strikers Traitors

The acting Chief Executive Officer for the Eskom, Mr Brian Molefe, has described the workers that are on strike at the Medupi plant as traitors who are bent on destabilizing the country at a time when the compa... Read more »
By Oliver Ngwenya On Thursday, May 21st, 2015

E-Tolls Here to Stay, Expanded but Cheaper: Ramaposa

It was a much awaited announcement and was not short of reactions when it finally came. This was the announcement by the South African and ANC Deputy President, Cyril Ramaposa about the latest development in th... Read more »
By Chelsea-Summer Lodewyk On Wednesday, May 20th, 2015

MTN Employees Go on Strike

The Communication Workers Union (CWU) has gone on strike today. The union, whose members include MTN employees, is demanding a 10% salary increase and larger bonuses. MTN, one of the largest mobile service prov... Read more »
By Oliver Ngwenya On Wednesday, May 20th, 2015

Strike Averted as Government Workers Get 7% Salary Increase

The business community in South Africa has a lot to smile about after it was revealed on Tuesday that the South African government had come to an amicable agreement with its worker representatives regarding the... Read more »
By Oliver Ngwenya On Sunday, May 10th, 2015

KFC Braamfontein Closed as Management Investigates Incident of Chicken Pieces Being Washed on the Ground

The popular American franchise, Kentucky Fried Chicken, popularly known as KFC released a short statement on Friday morning in which they informed members of the public that they had closed the branch of the st... Read more »
By Oliver Ngwenya On Monday, March 30th, 2015

Ramaposa Must Update the Country On Eskom: Maimane.

The woes at Eskom do not seem to be abating as on Sunday, the Parliamentary leader of the opposition, Mmusi Maimane called on government and, in particular, Deputy President, Cyril Ramaposa to update parliament... Read more »