Recent content by nicroets

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    South Africans cannot withdraw their crypto after North Koreans allegedly hack Binance for R104.7 billion

    They need some "hot" crypto to settle withdrawals. And most of the tether and circle was frozen before it could be spent. Fortunately it's a large company that can cover the losses. They already made that in fees just this year alone.
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    Fake Uber drivers at a major South African airport hit people with R25,000 bills and ACSA is doing nothing about it

    Note that some major airports like LAX are officially closed to the public 24/7. There the scammers can be charged with trespassing and their vehicles seized even before they say "hello" to their victims. But it remains a problem in many countries (yes, Georgia is one of them)
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    End of a 39-year era for iconic South African tech company

    Strange that the article does not mention that Novus is the majority shareholder and continues to buy more. Together with concert parties, they now own 78%. See the Novus SENS announcement of October 2.
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    Eskom can address solar registration backlash — or keep dying

    He only briefly touches on the "Duck" problem and mentions only 1 solution. https://en.wikipedia.org/wiki/Duck_curve#Mitigation_strategies
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    South Africans can say goodbye to Eskom for R2,915 per month

    A homeowner shouldn't be paying 20% interest. He should really have that kind of money available in his bond.
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    The launch of Amazon Leo in SA was a major strategic win for Johann Rupert and Remgro

    I don't think Richemont has any stores in SA. And South African tourists buying their stuff in other countries are a rounding error. Cadres prefer LVMH's brands: Louis Vitton, Moet champagne etc.
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    The launch of Amazon Leo in SA was a major strategic win for Johann Rupert and Remgro

    Just because Amazon and StarLink both put have LEO satellites doesn't mean they are comparable. StarLink has 8500 in orbir and Amazon only 400. So Amazon can help a farmer in the Kalahari do IoT. StarLink gives him HD video. StarLink can give businesses in the cities redundancy independent of...
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    Protests mounting ahead construction of massive hyperscale facility in Cape Town

    Equinix will pay the municipality for water and will be a predictable client. There really shouldn't be a problem as long as the municipality just do proper planning e.g. build desalination plants, dams and other infrastructure. Free markets can also play a role: Water prices rise, farmers...
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    Plan to overhaul SIM card purchasing and registration in South Africa

    If a criminal really wants a SIM that's not linked to his ID, he will still be able to ask a poor person to just buy him a SIM. Just give him R100. This loophole cannot be closed. And there are many apps for end to end encryption. So government will never know who you contacted.
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    Warning about fake Ubers scamming travellers at South African airports

    "He (frequent traveller Johan van Schalkwyk) suggested that a possible solution..." This is bad journalism. Why someone with actual experience running an airport or a municipality ?
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    Elon Musk and his time at Pretoria Boys High School explained

    In some countries, saying something provocative like "Idiot!" is equivalent to throwing the first punch. https://en.wikipedia.org/wiki/Fighting_words
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    Government crypto crackdown is due to tax fears — Dawie Roodt

    ELI5 how to pay less tax with this "money": What work can I do where I can earn this "money" ? Where can I spend this "money" ? Dawie is wrong: This is much more SARB peeing their pants than SARS. Countries without exchange control is much more crypto friendly. Like the US having clear laws on...
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    Eskom paying employees 1,195% more to produce the same amount of electricity as in 1994

    That the average over all the GWh that they produces. Not the salary of anyone or average salary of any group of employees. 1195% over 32 years is only 8.3% per annum compounded. That's not drastically more than inflation. I think the real devil in the detail are all the contractors that are...
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    Hacker group selling 2 million private records allegedly belonging to all members of the ANC

    Tomorrow the Information Regulator will personally go give everyone in Lutuli House a slap on the wrist.
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    Eskom's public EV charging push raises industry alarm

    Why wasn't there uproar about the deals Eskom made with the smelters ? 62c/kWh and tomorrow they will ask for another bailout...
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