Business

[ad_1] Bitcoin is notoriously volatile, prone to sudden price increases and rapid reversals that can wipe out millions of dollars of value in a matter of minutes. Those changes are often mysterious to market watchers, given the lack of fundamentals of the digital currency or links to the real economy. …

[ad_1] By DIneo Faku 5h ago Share this article: SharecheepShareShareShareEmailShare JOHANNESBURG – South Africa will benefit from volatility in the global price of oil, and fuel will drop around R3 per liter in May after the R1 cut this month. Vestact Asset Management portfolio manager Michael Treherne said the drop …

[ad_1] Dan Morehead, CEO of cryptocurrency investment firm and hedge fund Pantera Capital, says that leading digital assets like Bitcoin (BTC), Ethereum (ETH) and XRP will challenge the supremacy of the US dollar in the long term. In the latest episode of Real Vision Finance with macro investor Raoul Pal, …

[ad_1] Richard Branson is looking for a buyer for Virgin Atlantic Airways as he struggles to secure a £ 500m ($ 618m) government bailout, the Telegraph reported. Branson has set an end-of-May deadline to save the collapse of the UK airline and is focused on securing new private investments from …

[ad_1] South Africa’s hotel industry has been nearly decimated by the spread of the coronavirus pandemic and the resulting blockade, according to Lee-Anne Bac, director of tourism and travel for the BDO accounting group. Before the pandemic, tourism represented more than 1.2 million jobs in South Africa and contributed more …

[ad_1] The extent of how damaged the energy industry is became apparent on April 20, when the benchmark price for US oil futures. Never falling below $ 10 a barrel in its nearly 40-year history, the US fell to an unthinkable minus $ 38 a barrel. In just a few …

[ad_1] A South African state bank lending to the agriculture sector said on Friday it had defaulted on two bond programs worth R50 billion combined, highlighting the weakness of state-owned companies in the country. Credit rating agency Fitch had already said Thursday that the lender, Land Bank, had defaulted on …

[ad_1] Ratings agency Moody’s has cut its forecast for the South African economy to a 6.5% contraction in fiscal year 2020, saying the country’s R500 billion bailout package will weaken its public finances and limit the government’s ability to provide support. to state companies. Read: Ramaphosa R500bn Covid-19 Distress and …

[ad_1] Copyright owners have found a new way to satisfy themselves with pirated sites. As online pirated content sites are becoming unavoidable, original content owners are settling for penalties rather than completely shutting down the service. A group of movie companies just did that. Hailing from Hawaii, movie companies affiliated …

[ad_1] MCDONALD’S will reopen for delivery and car orders in mid-May, according to reports. Maccies fans were gutted when the 1,350 restaurants temporarily closed on March 23 due to the coronavirus. 3 McDonald’s plans to reopen restaurants in mid-MayCredit: SWNS: Southwest News Service But now the fast food chain is …