The South African Mint, a subsidiary of the South African Reserve Bank (Sarb) announced the launch of two new limited edition coins which pay tribute to struggle icon and former president, Nelson Mandela. The new 2018 Mandela Coin.
The new coins serve as a commemoration of Mandela’s legacy and what he stood for during the Apartheid era.
Notably, 2018 marks exactly a century since the birth of Mandela and the Mint aims to celebrate this milestone.
The two coins are visibly different in appearance, the one coin being bronze while the other is sterling silver.
The R50 bronze coin also depicts Mandela in his youth as a young lawyer while the R50 sterling silver coin portrays him as SA’s first democratic President.
Pricing of The New 2018 Mandela Coin
The bronze alloy coin is priced at R127 and tells its own tale, says Tumi Tsehlo, MD, South African Mint.
“Pricing the coin was a conscious tribute to Nelson Mandela’s legacy and our way of paying it forward. To celebrate 100 years since the birth of Mandela, and in remembrance of the 27 long and lonely years, he spent in prison, the entry-level bronze alloy coin is priced at R127.
With every coin purchased, R27 (VAT-free) will be donated to the Nelson Mandela Foundation”.
Notably, the two coins are also the second installation in the “Celebrating South Africa” theme. The first installation being the 2017 OR Tambo Centenary range.
According to the SA Mint, the series serves to educate individuals on SA’s struggle icons.
“South Africans must never forget her heroes who stood up and against injustice and inequality to usher a new era of freedom and democracy. We hope their stories will continue to be told and heard every time someone holds a Madiba or Tambo commemorative coin,” adds Tsehlo.
“Collectability is a function of craftsmanship, quality and theme amongst other personal preferences. The Mandela series no doubt ticks all the boxes and will be an amazing addition to any collection, not only because of its design but also because of the enduring value of the theme.”
Do you want to make some extra income with your car? Yes you can.
If you have a car and you do some daily travelling, you can make some extra bucks every month. Up to R4000 a month, read more below.
What You Need to know
Be prepared to enter into a contract. We generally prefer long-term commitments.
You determine how the advertising message will be displayed on your car. It could be vinyl graphic panels, magnetic signs, bumper stickers or a complete at car wrap.
We Ensure that the material to be used is not harmful to your car exterior.
We expect you to be be prepared for regular inspections and spot checks from Brand Promo.
We choose a brand that you would love to advertise and goes well with your lifestyle and driving habits.
We expect you to Keep Brand Promo informed if there is any change in your driving pattern. Relocation to a different place, enrolling your child in a new school and having a new job are instances when your driving patterns could be altered.
The lengthy form is to provide accurate information regarding your driving habits to avoid any future issues with the us
You are expected to Maintain your car well and keep all documents up-to-date. Inform us immediately in case of any damage to the car or the advertising message.
Avoid any run-ins with the law. Drunk driving records, road tax evasions or violation of speed limits are strictly prohibited.
You may have to respond to curious onlookers who ask about the product or the advertisement.
Advertisement typically pays between R1000 – R4000 per month.
Take your time when filling out the application as this information will be used to select the drivers during our campaigns.
How to Register
It does not matter what you do for a living, you can earn money while you drive!
RentMyRide is South Africa’s first neighbor-to-neighbor car rental platform. The website makes it possible for anyone to run a small side-business by renting out their own car.
RentMyRide is part of a worldwide movement called ‘Collaborative Consumption’ or the ‘Share Economy’. The movement’s poster child is Airbnb.com. This 25 billion dollar company makes it possible for anyone to turn their home into a hotel.
According to Peter Puren, CEO of RentMyRide, the sharing economy is a movement born not only out of necessity but just plain old common sense. “It’s time to start utilizing your assets to their fullest extent.”
RelayRides is the biggest neighbor-to-neighbor car rental company in the US and currently has almost 100 000 cars on their website. Drivy, which started in France and is rapidly spreading all over Europe, currently has more than 26 000 cars listed. Similar companies are thriving in almost all big cities around the world.
Car owners can now enter the South African car rental market, previously almost inaccessible to the man on the street. Owners can make anything from R2500 to R11 000 a month from a single vehicle.
Renters can save at up to 40% compared to regular car rental companies and they have the wider selection of choice.
Renting out your own car can be a daunting thought at first, but RentMyRide makes it easy and safe. Their 10 million rand insurance policy which includes 24/7 roadside assistance should put your mind at ease.
Renters create a profile on RentMyRide.co.za and then their details are screened. Car owners set the availability and price of their car. They then get notified when a renter requests a booking.
Owners control who they rent to and can accept or deny a booking request. Once a rental is complete, owners and renters can review their experience for future user’s benefit.
RentMyRide is launching in Cape Town and from there will spread out to form a nationwide network of car owners and renters.
One of RentMyRide’s early adopters, Mike made R42 000 last year renting out his car.
It was a year ago in the spring of 2014 when Mike Bunn was first introduced to an awesome new concept: earning side income by renting out your personal vehicle.
Mike was looking to start a small business, but wanted something that he can do in his spare time and would not interfere with his full time job as an accountant. He came across an ad by RentMyRide that offered to rent out your personal vehicle.
How did you decide to rent out your first car on RentMyRide?
After seeing that initial ad to RentMyRide, Mike recognized a great opportunity.
“At first I was a little bit skeptical about renting out my car to strangers, but looking at RentMyRide’s R10Million insurance policy gave me peace of mind. I thought I will first play it save and only rent out my older model 2007 VW Polo and see how it goes. The car was mostly out on longer term rentals to international volunteer workers and some overseas university students. The international renters were a bit more conscientious than the South Africans. One German even had the car polished before he returned it. After a few months I bought two more cars to rent out.
What are you using the extra income earned through RentMyRide for?
RentMyRide has been a great addition to Mike’s own paychecks. His side income of more than R9000 per month has been nice and steady, allowing him to meet two different objectives —building his own business, as well as having discretionary spending money to use as he pleases.
“I use the extra money for a variety of things…with all the price increases some extra cash always comes in handy. I have also recently spoiled myself a bit and bought a 700cc Smart Car to have some fun in over the weekends.”
As for building my own business, “I realized renting out cars is an easy way to start small and grow my business when I can afford it. Also all the terms and conditions, signing of contracts, the booking system and payment system are done by RentMyRide. They have a robust R10 Million insurance policy and also supply 24/7 roadside assistance and customer support. It really is personal car rental made easy.”
Cryptocurrencies are causing a global stir and have proven to be a more serious pursuit than Pokemon Go, minting legions millionaires and billionaires. So you want in on the action and reckon you’ll take your chances in the choppy waters of crypto trading.
You’ve gotten yourself studied up on Technical Analysis and have learned all the terminology (you’re saying things like Exponential Moving Average, Bollinger bands, head-and-shoulders patterns etc.) and you’re ready to dive in and get your ‘buy low, sell high’ on. Not so fast Gordon Gecko, you might want to sharpen your skills first. You know, to make sure you don’t get in the game and get bullied by the bears.
How do you get the necessary practice in? Well if you don’t want the crypto big boys wiping the sidewalk with you, you need to get yourself a trading simulator. Here are a few simulators you can check out.
Coins2Learn offers a safe and free simulator teaches you how to exchange Bitcoin and altcoins to improve your trading abilities, without risking real money.Trading through a simulator enables you to gain valuable experience and confidence trading cryptocurrencies without the risk of going bust.
Coins2Learn also offer you a chance to compete with other traders in a global league, for the chance to win actual Bitcoin.
BitcoinHero is a free Bitcoin game/simulator for those who want to learn how to trade Bitcoin and other cryptocurrencies without any risk. You can also change the bet and leverage, thus managing the potential profit size. Buy or sell Bitcoin, ETH, LTC, and Dash at their actual prices!
CryptoGround features a beginner’s guide and news tab in addition to offering a simulator. The simulator is currently being revamped to offer a better trading experience but you can still test your mettle on the old one
That covers your desktop trading practice. For those who want to steal a moment of practice while waiting for the Gautrain, there are mobile obtions available. Namely: CryptoTrader, Cryptocurrency Exchange Simulator, and CryptoMarketGame, which mimic actual exchange layouts and use historical price charts so you’ll be trading against a coins actual historical price movements.
Get as much practice as you can before diving in with real value. Hone your strategy on a simulator and you have less chance of getting yourself spanked when you enter the markets. Happy trading.
Since cryptocurrencies appeared and their price increased, scammers tried to take profit from it. Hacks, scams, and mysterious Initial Coin Offerings were the tactics used by crooks that wanted to steal others’ funds. Now, the country that is suffering from an important scam in South Africa, where more than 27,500 people, have been affected.
The Bitcoin investment group BTC Global has reported that R600 million in crypto assets have been stolen from the group’s investors.
South African Investment Group Scam
Investors from South Africa, Australia, and the United States have been affected by one of the most important Bitcoin hacks. According to local news sources, Steve Twain, the sole manager of the investments at the company, disappeared in February 2018 without mentioning anything about the funds. BTC Global’s administrative team wrote a post on Facebook two weeks ago explaining that they were not able to locate Twain.
At the moment, the South African Directorate for Priority Crime Investigation (Hawks) is working investigating claims against BTC Global. Mr Captain Lloyd Ramovha, part of the institution, confirmed that the Serious Commercial Crimes Unit is working side by side with the “Hawks.”
Some investors have reported very important sums of over $100,000. Individuals that wanted to invest in BTC Global, had to send their funds to a single wallet address.
Mr Ramovha commented:
“I have spoken to one of the investigators in our team and he has confirmed that this matter came to them about two weeks ago. There are in excess o 27,500 complaints with many outside South Africa. The amount is over $50 million and could rise as more victims come forward.”
When speaking with The Sunday Times, Antoon Botha of BMV Attorneys confirmed that they are working with several clients involved with BTC Global. According to Botha, they are planning to take legal actions against the company and its representatives.
“The investigation is in its infancy,” said Mr Ramovha. “I also cannot say whether it is a Ponzi scheme. BTC Global is being investigated for contravening the Financial Advisory and Intermediary Services Act,” he said.
Cryptocurrency Risky Investments
But even when the funds have been lost, the company keeps explaining that cryptocurrency investments are risky and that investors should know what they were doing. As BTC Global works as any other fund, the risk of losing the investment are inherent, says an administrator at the company.
“Every single person who invested in BTC Global did so of their own volition and subsequent to having conducted their own research into the fund. As is the case with any fund into which money is invested there is no guarantee that an investor will be receiving any return on their investment.”
Clearly, investing in cryptocurrencies is a risky investment. The market is very volatile and it is not regulated yet. This situation is perfect for scammers to spread and steal investors’ funds.
All over the world cryptocurrency scams have been registered. Hackers have been stealing investors’ funds from cryptocurrency exchanges. Initial Coin Offerings (ICOs) have never started the promised project. Finally, fake cryptocurrencies and platforms promising unrealistic returns, as BitConnect, have also been in the news.
Some time ago, Coincheck, a Japanese exchange, has been hacked and $500 million dollars in NEM coins were stolen. At the moment, NEM is working with the local authorities in order to track the funds.
As investors, it is important to be aware of these scams and to avoid not recognized sites and not professional businesses. Now, 27,500 individuals are trying to locate their funds, but tomorrow it can happen to any of us if we are not careful about the investments we do.
Bitcoin explained, what it is, who created it and what it is used for. This information was sourced from Coindesk.
What is Bitcoin
To cut through some of the confusion surrounding bitcoin, we need to separate it into two components. On the one hand, you have bitcoin-the-token, a snippet of code that represents ownership of a digital concept – sort of like a virtual IOU. On the other hand, you have bitcoin-the-protocol, a distributed network that maintains a ledger of balances of bitcoin-the-token. Both are referred to as “bitcoin.”
The system enables payments to be sent between users without passing through a central authority, such as a bank or payment gateway. It is created and held electronically. Bitcoins aren’t printed, like dollars or euros – they’re produced by computers all around the world, using free software.
It was the first example of what we today call cryptocurrencies, a growing asset class that shares some characteristics of traditional currencies, with verification based on cryptography.
Who created it?
A pseudonymous software developer going by the name of Satoshi Nakamoto proposed bitcoin in 2008, as an electronic payment system based on mathematical proof. The idea was to produce a means of exchange, independent of any central authority, that could be transferred electronically in a secure, verifiable and immutable way.
To this day, no-one knows who Satoshi Nakamoto really is.
In what ways is it different from traditional currencies?
Bitcoin can be used to pay for things electronically, if both parties are willing. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally.
But it differs from fiat digital currencies in several important ways:
1 – Decentralization
Bitcoin’s most important characteristic is that it is decentralized. No single institution controls the bitcoin network. It is maintained by a group of volunteer coders, and run by an open network of dedicated computers spread around the world. This attracts individuals and groups that are uncomfortable with the control that banks or government institutions have over their money.
Bitcoin solves the “double spending problem” of electronic currencies (in which digital assets can easily be copied and re-used) through an ingenious combination of cryptography and economic incentives. In electronic fiat currencies, this function is fulfilled by banks, which gives them control over the traditional system. With bitcoin, the integrity of the transactions is maintained by a distributed and open network, owned by no-one.
2 – Limited supply
Fiat currencies (dollars, euros, yen, etc.) have an unlimited supply – central banks can issue as many as they want, and can attempt to manipulate a currency’s value relative to others. Holders of the currency (and especially citizens with little alternative) bear the cost.
With bitcoin, on the other hand, the supply is tightly controlled by the underlying algorithm. A small number of new bitcoins trickle out every hour, and will continue to do so at a diminishing rate until a maximum of 21 million has been reached. This makes bitcoin more attractive as an asset – in theory, if demand grows and the supply remains the same, the value will increase.
3 – Pseudonymity
While senders of traditional electronic payments are usually identified (for verification purposes, and to comply with anti-money laundering and other legislation), users of bitcoin in theory operate in semi-anonymity. Since there is no central “validator,” users do not need to identify themselves when sending bitcoin to another user. When a transaction request is submitted, the protocol checks all previous transactions to confirm that the sender has the necessary bitcoin as well as the authority to send them. The system does not need to know his or her identity.
In practice, each user is identified by the address of his or her wallet. Transactions can, with some effort, be tracked this way. Also, law enforcement has developed methods to identify users if necessary.
Furthermore, most exchanges are required by law to perform identity checks on their customers before they are allowed to buy or sell bitcoin, facilitating another way that bitcoin usage can be tracked. Since the network is transparent, the progress of a particular transaction is visible to all.
This makes bitcoin not an ideal currency for criminals, terrorists or money-launderers.
4 – Immutability
Bitcoin transactions cannot be reversed, unlike electronic fiat transactions.
This is because there is no central “adjudicator” that can say “ok, return the money.” If a transaction is recorded on the network, and if more than an hour has passed, it is impossible to modify.
While this may disquiet some, it does mean that any transaction on the bitcoin network cannot be tampered with.
5 – Divisibility
The smallest unit of a bitcoin is called a satoshi. It is one hundred millionth of a bitcoin (0.00000001) – at today’s prices, about one hundredth of a cent. This could conceivably enable microtransactions that traditional electronic money cannot.
Have you recently heard about Bitcoin? Are you interested in buying and selling Bitcoins?
Well, you should be interested because it looks like Bitcoin is going to be the language of the town in the recent periods.
People are making money trading or investing in Bitcoin.
If you are looking for a place to buy and sell Bitcoins, look no more because you have found the best place.
That place is called Luno
What is Luno all about?
Today, Luno is one of the world’s leading digital currency companies with a team of over 60 technology and finance experts, operating across several countries and continents. Their products and services make it safe and easy for people and businesses to store, buy, use and learn about digital currencies like Bitcoin and Ethereum.
Luno’s vision is to empower billions of people by bringing digital currencies like Bitcoin and Ethereum to everyone, everywhere.
There are a lot of ways to make money online all over the world which you can explore. But how would you know which one works and if they are legal ways?
Here below I have selected some of the best and legal ways to make money online in South Africa.
So, browse around and make sure you join one or two to see if they can work for you. Remember, there is nothing to loose because you join for free and you need is data to register yourself on these money-making platforms.
Here are Ways to Make Money Online in South Africa
Website That Pays
Several websites pay people for various things, like shopping, reviewing products, and taking surveys.
Our team has filtered through the 100’s of survey for cash companies out there to bring you the 3 best companies you can try in SA:
Writing is one of the most popular online jobs. Businesses need blog posts, website copy, articles, and several other types of content.
It’s important to have your own website as a portfolio when you’re pitching online writing jobs. Or you can create a LinkedIn profile to use as an online portfolio. Clients will want to see samples of your writing.
Sell Your Unwanted Items
Earn money from your unwanted items by selling them on Gumtree. Search through the site to see what kinds of items have sold recently and how much people are selling them for.
The coins that have value are those that are graded by the grading companies, so you must know and be able to differentiate between the graded and non-graded Mandela coins.
The largest and most respected organisation of professional coin dealers is called PNG (Professional Numismatists Guild) and ICTA (Industry Council for Tangible Assets). They look over the coin market and make sure dealers around the world know about the differences in between grading companies.PNG releases surveys of the biggest grading companies.
As you can see on the table produced by PNG, NGG and PCGS emerge as the top graders in the world.
For this reason The Coin Company only deals with NGC and PCGS coins. All our Nelson Mandela Coins, Nelson Mandela 90th Birthday R5, 2000 Nelson Mandela Millennium R5 and 1994 Presidential Inauguration R5 are NGG or PCGS graded.
BE AWARE!! Do not buy any coins that are not graded by PCGS or NGC. Nelson Mandela coins without grading have no other value than the one they represent.
ANACS grading came into being as an arm of the American Numismatic Association, the world’s largest coin club. In 1990 after ANA sold its grading service to Amos Press of Sidney, Ohio, it ranked “average” in the PNG (Professional Numismatists Guild) and ICTA (Industry Council for Tangible Assets) report for grading accuracy. For this reason we don’t deal with ANACS coins.
A lot of people are claiming to be making a lot of money with forex trading in recent years in South Africa. One could not afford to miss such kind on a lifetime opportunity. But doe it come free or that easily? Of course not, for one to begin trading forex, they need intense training.
They always say forex is risky, yes it is risky because it involves real money. Without sufficient training on forex, you might loose a lot of money by entering a trade that could result in a loss.
So, for one to execute the forex business successfully, an intense training is required.
There are companies and individuals running forex training in South Africa. Some are national and some are regional.
When you choose a training provider you must first look for the following:
*Make sure they are a legit registered entity
*Make sure you physically know their operational site or office.
*Make sure that at least you know some people who has already undergone for training in those facilities.
*Also make sure that they are not fly-by-nights
Here are some of the websites of companies conducting forex training in South Africa. The Shaw Academy