Author: Trent Meikle

The South African Reserve Bank (SARB) will begin regulating cryptocurrencies as soon as 2023. SARB intends to treat crypto as financial assets, rather than as forms of currency. That’s according to SARB Deputy Governor, Kuben Naidoo during an online seminar hosted by PSG. Under the new proposed legislation, digital assets would be listed under FICA. You know, that finance thing we all find so irritating? This is quite a change of tone. In 2014, SARB’s stance on cryptocurrencies was that it was a fad that would eventually fade away. Cryptocurrency has only gotten bigger in the time since. And smaller.…

Sony has brought over all of Funimation’s library to the bigger and better platform, Crunchyroll, essentially rendering Funimation useless. And now, anime streaming service Crunchyroll is lowering subscription prices for its premium tiers across 95 countries. You’ll be pleased to note that South Africa made the list. Crunchyroll hasn’t given any clear reasons for why it’s reducing subscription costs, besides the usual corporate mumbo jumbo. But you won’t hear us complaining. It’s possible that Crunchyroll is just trying to boost subscribers in territories where subscriber count is low – which would explain why countries like the U.S aren’t receiving lower…

As we’ve all been made quite aware, petrol prices aren’t looking so hot anymore (have they ever?). In just seven months, the price to fill up a tank of petrol has gone up by R200. It feels as if we’ll never see a return to normality. Maybe we won’t. But we can try and counter the prices as often as possible, using PetrolPrices.co.za – a new website that tracks petrol stations and their diesel prices. PetrolPrices.co.za is a user-generated site that’s able to track and locate petrol stations nearby, and give the diesel prices for that station. This way, you…

Before you ask; no. We won’t get to see Ricky Gervais in Lego form, as much as we’d really like to. That’s because Lego is releasing a set based around US TV show The Office, rather than its UK version. Considering how many more fans the US version has, it makes sense that Lego would focus on the Steve Carell-led series. The set is a miniature version of the show’s Dundler Mifflin Paper Company offices. It’s not the entire office in the set, with only a few of the most iconic sets represented. Builders will construct the reception desk, Dwight…

Sasol Ltd., the largest and possibly most crucial fuel producer in South Africa, has declared force majeure on its supply of petrol, due to late deliveries of crude oil to Sasol’s own Natref refinery. “Sasol Oil will not be in a position to fully meet its commitments on the supply of all petroleum products from July 2022,” it said. The company went on to confirm that the shutdown of the 108,000 barrel-per-day plant was due to late oil deliveries. This leaves South Africa in a particularly tricky spot. Sasol’s Natref was the last major refinery left in SA. Its closure…

MTN and Telkom have begun discussions about the possibility of MTN purchasing Telkom. In return, MTN is offering shares or a mixture of cash and shares in MTN. The two companies have already notified shareholders that discussions have started. However, this doesn’t mean the purchase will take place. “Discussions are at an early stage and there is no certainty that the transaction will be consummated,” MTN and Telkom said. “If concluded, the transaction may have a material effect on the price of the company’s securities. Accordingly, shareholders are advised to exercise caution when dealing in the company’s securities until a…

Nedbank has announced a partnership with Hohm Energy, in an effort to start offering solar installations around South Africa. Nedbank is offering potential customers financing solutions to get your house solar-powered sooner, rather than later. And the best part? Nedbank has said that the new offer won’t only be limited to Nedbank mortgage clients, but to all homeowners. You get solar! You get solar! Everybody gets solar! Nedbank believes that its past solar offerings have made life simpler for its own home loan clients. Those offer the ability to fund solar installations through either readvances or further loans on mortgage…

It’s that time of the month again, folks. That sometimes wonderful, often saddening time, when the Central Energy Fund drops the mid-month stats for petrol prices in South Africa. This time, it seems like we’ll be enjoying the former, rather than the latter. If all goes as expected, there could be a drop in petrol prices, even if only a slight one. We’ll take what we can get at this point. In total, the stats show that we could be looking at a drop of as much as R1.08 for petrol, and 94 cents for diesel. But don’t get too…

It finally feels as if everything is returning to normal. Masks and travel restrictions have been lifted, and NFTs are dying a slow, painful death. Of course, with the return to normality folks are itching to get out of South Africa, if only for a few weeks. FNB has noted the rise in travel and is again offering qualifying customers complimentary access to SLOW Airport Lounges. Access to SLOW Lounges will be free from tomorrow, 15 July, until 15 October. Three glorious months of free Wi-Fi, snacks, and drinks, and easy access to charging ports. If you travel often, the…

BMW has announced the launch of its first all-electric sedan, bearing the name ‘i4’. This beauty has just hit the South African market. Oh, and it’s launching with a price tag of R1.6 million. Surely this one will come with heated seats that don’t cost R250 p/m, right? Right? The BMW i4 is the German company’s first fully-fledged outing into the world of electric vehicles. South Africa will only get to see one model at launch, the i4 M50 Performance Model. Something about the words ‘Performance Model’ ignites fear in the chest, but that’s just us thinking of the price.…