Magnus Heystek: Reality and the art of investment

Magnus Heystek: Reality and the art of investment

In the investment challenge between Magnus Heystek and Piet Viljoen, Heystek argues that timing is key to the experiment.Magnus Heystek recalls his challenge with independent money manager Piet Viljoen, which started a year ago when a Biznews member put up R500,000 to be invested over a period of 5

  Sandra Laurence
Stafford Masie on the Crypto Chaos: Here’s how to protect your Bitcoin

Stafford Masie on the Crypto Chaos: Here’s how to protect your Bitcoin

Former Google Africa chief and Bitcoin ‘maximalist’ Stafford Masie provides some practical insights into how crypto currency fans can protect their investments in the wake of the FTX implosion – and explains the connection between the Bahama-based fraudsters and SA’s leading exchanges Luno and ValR.

  Asime Nyide
Michael Jordaan’s cautious advice about crypto 

Michael Jordaan’s cautious advice about crypto 

There have been many different opinions around cryptocurrencies over the past few years and especially in recent weeks after the FTX collapse sent shudders of change through the crypto industry as a whole. Jonathan Katzenellenbogen believes that the digital assets hold no real value beyond speculati

  Editor BizNews
Musk loses $100bn after high-valued Tesla stock falls 

Musk loses $100bn after high-valued Tesla stock falls 

Tesla has been facing a wipeout of value in recent weeks due to manufacturing issues. The Chinese market and recall of vehicles, due to faults, means the electric motor vehicle company, which was worth over $1 trillion dollars, has been falling in value and is now at $526bn. However, despite this, E

  Editor BizNews
Warren Buffett bets $5bn on devalued Taiwanese semiconductor manufacturer

Warren Buffett bets $5bn on devalued Taiwanese semiconductor manufacturer

The pandemic caused pandemonium in the semiconductor industry as manufacturing was halted by lockdowns and when it was resumed, was not able to keep up with the build-up of demand. This caused major supply chain disruptions as the manufacture of cars and other products was halted because of a lack o

  Editor BizNews
Ethereum founder says FTX collapse is a lesson for industry

Ethereum founder says FTX collapse is a lesson for industry

The collapse of Sam Bankman-Fried's FTX contains lessons for all of crypto, according to Ethereum co-founder Vitalik Buterin.The bankruptcy of Sam Bankman-Fried’s FTX has caused massive concern in the market, as scepticism caused by the collapse spread to other platforms and tokens. Bitcoin and Ethe

  Editor BizNews
Ivo Vegter argues that Bitcoin is, in fact, not dead

Ivo Vegter argues that Bitcoin is, in fact, not dead

Recently BizNews published a piece that looked at Bitcoin with a rather pessimistic view. The piece was originally from Jonathan Katzenellenbogen and first appeared on the Daily Friend. Ivo Vegter has put forward an opposing point of view on the same website, arguing that we have heard all of this n

  Editor BizNews
An alternative, pessimistic view of Bitcoin 

An alternative, pessimistic view of Bitcoin 

A lot has happened in the wild world of cryptocurrencies in recent weeks. The brutal Lehmen brothers-esque collapse of one of the largest trading platforms in the world, FTX, led to major downturns in the values of many other cryptocurrencies. Many want to know whether there is still a reason to in

  Editor BizNews
Amazon and other tech companies continue to lay off thousands of employees 

Amazon and other tech companies continue to lay off thousands of employees 

The coronavirus pandemic drove unprecedented growth in tech companies, including Amazon, Netflix, Peloton and many others. These companies were left with little choice but to rapidly expand their workforces and infrastructure to meet the increasing demand from consumers for the products and services

  Editor BizNews
Broader implications of the FTX crypto collapse

Broader implications of the FTX crypto collapse

The bankruptcy of the crypto trading exchange FTX is playing into the cryptocurrency market as a whole, affecting almost all cryptocurrency tokens and bleeding into just about every other trading platform. Bitcoin has taken a massive hit, now trading under $17,000 after sitting at over $20,000 durin

  Editor BizNews
FTX collapse spreads to other crypto companies 

FTX collapse spreads to other crypto companies 

The crisis sparked by the collapse of FTX crypto empire ensnared BlockFi, a troubled digital-asset lender once worth $3 billion.The collapse of one of the largest cryptocurrency trading platforms, FTX, has spread to the broader cryptocurrency market, as token prices for many cryptocurrencies tumbled

  Editor BizNews
Meta to lay off 13% of workforce after 71% drop in stock price 

Meta to lay off 13% of workforce after 71% drop in stock price 

Meta CEO Mark Zuckerberg said the company will cut more than 11,000 jobs, calling himself responsible for the first layoffs in the company's history.Meta, the parent company of Facebook, Instagram and Whatsapp, is laying off 11,000 of its employees, equivalent to around 13% of the company’s overall

  Editor BizNews
FTX’s billionaire founder suffers 94% drop in wealth 

FTX’s billionaire founder suffers 94% drop in wealth 

The founder of FTX, is potentially going to suffer the largest billionaire wealth wipeout ever, according to Bloomberg.The world of cryptocurrency is known for volatility, with big losses and colossal wins occurring on a regular basis. Even when it comes to founders of large, multibillion-dollar com

  Editor BizNews
Apple to produce 3 million fewer iPhone 14 models than first expected 

Apple to produce 3 million fewer iPhone 14 models than first expected 

Apple expects to produce at least 3 million fewer iPhone 14 handsets than originally anticipated this year.Due to a decreased demand for iPhone 14 models, as well as supply chain issues with manufacturers, Apple has reduced its expected manufacturing output of iPhone 14 and 14 plus models. This redu

  Editor BizNews
Twitter’s losing $4m dollars a day after Musk takeover

Twitter’s losing $4m dollars a day after Musk takeover

The long-awaited conclusion to the Musk-Twitter acquisition occurred 2 weeks ago after the Tesla CEO took control of the company. He began his ownership of the social media company by walking into the head offices carrying a sink, accompanied by a tweet saying “Entering Twitter HQ – let that sink in

  Editor BizNews
Delays and dangers of getting copper out of Africa

Delays and dangers of getting copper out of Africa

Africa supplies two-thirds of the world’s cobalt, much needed by tech-hungry buyers the world over, but the trick is to make the 1,900-mile journey from the mines in Congo and Zambia to the ports. The route is so riddled with bottlenecks and jams that it can take more than a month to transport the p

  Sandra Laurence
Netflix to release cheaper subscription plan with ads in November

Netflix to release cheaper subscription plan with ads in November

Netflix will charge $6.99 a month for its new ad-supported tier of service when it debuts next month, the company said Thursday.In its first quarter earlier this year, Netflix lost monthly subscribers due to an increase in competition from other streaming platforms, and people moving onto other thin

  Editor BizNews