Browsing: Rand Merchant Bank

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Bitcoin tops R100 000 for the first time

Bitcoin is changing hands at over R100 000 on some trading platforms as of Wednesday morning. The price touched a new all-time high of R103 999 on local platform Luno and was last quoted at R100 001. Local

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Eskom may seek another huge tariff hike

South Africa’s state-owned power utility may ask the nation’s energy regulator for permission to raise prices more than allowed so it can recoup more than R40bn of non-budgeted expenses incurred over two years, an analyst at Rand Merchant Bank said.

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Blockchain tech could halve banking revenue

Blockchain technology could swallow as much as 40% of global banking revenue by overtaking the verification of payment transactions, according to Farzam Ehsani, leader of Rand Merchant Bank’s blockchain initiative, who believes that in the future we

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Rand breaks through R15/$

The rand has broken the R15/US$ ceiling on Wednesday after US Fed chair Janet Yellen surprised on Tuesday night with dovish comments, depreciating the dollar against most currencies. “A need for caution is all it took from Janet Yellen in a speech

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All eyes on Zuma for make-or-break speech

The rand weakened slightly to R15,92/US$ at 9.55am ahead of President Jacob Zuma’s state of the nation speech on Thursday, which will be watched closely by local investors hoping for a sign

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Vox seeks a big daddy

Vox Telecom has begun engagements with a number of local and international companies in a move that could eventually result in a sale of the independent telecommunications service provider. “This is more of an engagement process at this stage, rather than the sale the media is making it out to be

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Widespread fall in business confidence

Business confidence dropped by four index points in the second quarter of this year, Rand Merchant Bank (RMB) and the Bureau for Economic Research at Stellenbosch University reported on Tuesday. They said the index decreased to 48. “Although just a small

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Reed, MacRobert step down at Vox

Vox Orion CEO Jacques du Toit will take the reins at Vox Telecom with immediate effect after a decision by co-CEOs Doug Reed and Angus MacRobert to step down. MacRobert, who is a former CEO of Dimension Data division Internet Solutions, will leave Vox Telecom, which was