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How MTI has damaged SA's reputation as Africa's financial hub - Vimarsana News

How MTI has damaged SA's reputation as Africa's financial hub

MyBroadband's Jan Vermeulen looks at the scheme's collapse and how it managed to grow so spectacularly.

'R1.3m property sold for R1000 at auction' - Vimarsana News

'R1.3m property sold for R1000 at auction'

Homeowners whose repossessed houses were sold for a fraction of value will head to court to demand billions back explains journo.

Some houses in Soweto were sold for R100 and even R10. Why would banks do this? - Vimarsana News

Some houses in Soweto were sold for R100 and even R10. Why would banks do this?

Share This: Journalist Ciaran Ryan says there are accusations of a syndicate from the sheriff's offices in cahoots with people in the banks. According to an article on Moneyweb, it has been known for years that the banks have been flogging off repossessed properties for a fraction of their market worth, but the evidence was anecdotal and fragmented. Not anymore. An affidavit filed in support of the R60-billion class action suit brought by Lungelo Ditokelo Human Rights Foundation against the major banks, based on a sample of about 12,000 repossessed properties, found that these properties w...

Source: 702.co.za
[TOP STORY] Talking Bitcoin arbitrage - Vimarsana News

[TOP STORY] Talking Bitcoin arbitrage

A parabolic rise in Bitcoin always comes down and settles: Moneyweb contributor Ciaran Ryan.

MTI CEO missing, lawyers pull out and members concerned - Vimarsana News

MTI CEO missing, lawyers pull out and members concerned

MONEYWEB LIVESTREAM Where have all the Bitcoin gone? Moneyweb journalist Ciaran Ryan explains the circumstances. 20:31  NOMPU SIZIBA: The story we’re set to look at now reads like an Mzansi or Hollywood movie, but sadly it’s a reality. In a nutshell, the CEO of one Bitcoin trading company, Mirror Trading International, or MTI, Johann Steynberg, has not been seen since December 3 this year. Interestingly, this gentlemen has gone Awol following the Financial Sector Conduct Authority warning investors to sell out of their investments with this particular outfit a few months back. Sad...