EDITOR’S LUNCHBOX: Has the JSE missed the bitcoin boat — or dodged a bubble?
Just because you’re paranoid doesn’t mean the Reserve Bank isn’t after you
Stories of note
Bytes from the digital world
Now Public Protector Busisiwe Mkhwebane considers the Reserve Bank among dark forces out to get her — but didn’t she go after it first?
In my opinion
Matters of debate
Hilary Joffe says SA’s mining sector, which failed to take full advantage of the commodities boom of 2003 to 2008, is now failing to make the most of the current upturn.
Rob Rose says the JSE could have got in early on the bitcoin action. Next week, bitcoin futures will begin trading on the Chicago-based Cboe Futures Exchange. The week after, bitcoin futures will begin trading on the Chicago Mercantile Exchange.
The long and the short of the markets
This week’s events at Steinhoff might have been inevitable since the early 2000s. The company has been on a continuous acquisition trail, which has made it extremely difficult to get a handle on how it was really performing.
So what’s the damage? Steinhoff loses R134bn in market cap, STAR R22bn, Kap R21bn and PSG R6bn. Total R183bn. Watch out for grumpy old men when you walk the streets of Stellenbosch this December. One of the ugliest stories I’ve lived through after 45 years on the JSE.— David Shapiro (@davidshapiro61) December 6, 2017