Gone are the days of full coverage beekeeping suits and padded gloves with the invention of a radical new hive by Italian company Beeing, which was founded by a third-generation bee keeper. B-box is the very first system designed for homes and urban environments, with a small footprint that can fit on even the tiniest of […]
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Facebook exec David Marcus: Libra will provide ‘utility’
David Marcus is the executive leading Facebook’s Libra and Calibra blockchain projects. Facebook The Senate Banking Committee on Monday released the testimony of David Marcus, the head of Facebook’s cryptocurrency projects ahead of his testimony Tuesday. In his prepared remarks, Marcus perfectly outlines the business model behind the social network’s upcoming Libra digital currency and […]
☞Gordhan vs. Mhkwebane: Malema joins court case
Economic Freedom Fighters leader Julius Malema has officially joined the legal wrangle between Public Enterprises Minister Pravin Gordhan and Public Protector Busisiwe Mkhwebane, filing an intervention application at the High Court in Pretoria. In a 66-page affidavit, filed on Monday, Malema lists himself as the tenth respondent to an urgent application filed by Public Enterprises […]
☞Facebook does not expect ‘to make money at the outset’ with Libra
David Marcus Michael Newberg | CNBC Facebook does not expect its new cryptocurrency project, Calibra, to be a moneymaker right away, David Marcus, the head of the group, said in prepared remarks released ahead of a Tuesday hearing with U.S. senators. The company has acknowledged concerns about its cryptocurrency ambitions, following a series of privacy […]
☞Pillay joins Gordhan, seeks own review of Mkhwebane’s report
Former deputy South Africa Revenue Service commissioner Ivan Pillay has filed an affidavit stating that he intends to pursue a review of findings against him in a Public Protector’s report he says detrimentally affects him. In response to the report, currently being challenged by Public Enterprises Minister Pravin Gordhan, Pillay released his affidavit in the […]
☞IMF says banks could be ‘left behind’ amid competition from Big Tech
In this photo illustration, a visual representation of a digital cryptocurrency coin sits on display in front of a Facebook logo on June 17, 2019 in Paris, France. Chesnot | Getty Images Banks must evolve or risk being “left behind” as big tech companies shake up the financial system, according to new research from the […]
☞Britain won’t try to stop Facebook Libra coin: UK finance minister
Regulators, not lawmakers, should decide whether Facebook needs a banking license to launch the new digital currency Libra, according to Philip Hammond, Britain’s outgoing finance minister. Hammond also told CNBC on Monday that the British government will “engage” with Libra and won’t try to stop it. This week in the U.S., Senate and House committees […]
☞Eskom’s group treasurer to step down at the end of August
Eskom announced on Monday that its Group Treasurer, Andre Pillay, had tendered his resignation. He will leave the power utility at the end of August 2019. He had served in the position since 2016. Eskom said Pillay’s contribution to the successful execution of Eskom’s Treasury mandate had been “immeasurable”. The power utility did not say […]
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