Another mystery investor has appeared with an offer to bail out investors in the failed Africrypt cryptocurrency scheme.
Author: Ciaran Ryan
Whirring away in the bowels of an office block in northern Johannesburg is a crypto mine that is rated among the most profitable in the world.
Why would you want to purchase a crypto imitation of the rand? And is it legal?
There might be some Christmas cheer after all for Africrypt investors, who have voted to accept an offer of R77-million from a mystery investor.
An unnamed investor has proposed stumping up $5-million for a 51% stake in the company, provided criminal proceedings against the Cajees are dropped.
The results for the financial year to July 2021 released on Thursday may give the optimists something to cling to.
A class-action suit has been filed in the high court against Telkom and its insurance provider over claims that Telkom clients were routinely overcharged for insurance.
Homing in on one way in which crypto holders lost billions, Hilton College matric pupil Matthew Wilson came up with a solution.
South Africa’s Financial Sector Conduct Authority has warned the public to be cautious in dealing with Binance, the world’s largest cryptocurrency exchange.
The high court has granted the liquidators of Africrypt additional powers to track down missing funds, and to sell assets and property belonging to the company.