Michael Jordaan
@MichaelJordaan
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Following
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Statuses
249
20 ventures like challenger @BankZeroSA , leading 5G telco @rainSouthAfrica and some AI stuff. Wine amateur and lazy mountainbiker
Stellenbosch, South Africa
Joined July 2009
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South Africans are some of the most authentically friendly people in the world. Don’t believe me? Just be genuinely friendly yourself and observe their reaction.
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The Springboks are the only team in the Rugby World Cup that have not conceded a try.
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Private installed solar (of 5,2GW) is now larger than any coal power station in SA (Medupi/Kusile at 4,8GW).
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Hat tip to
@tymebankza
for reaching profitability. Proves that a challenger bank can make it in South Africa.
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Making it a habit of winning world competitions by 1 point
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Zim’s latest currency: “Zig” won’t last long. Soon they will print more Zig than the gold meant to back it. Zim should simply embrace the Rand (their largest trading partner) or Bitcoin (which has more trust than Zim’s monetary authorities)
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Today I managed to fix two problematic appliances (a Smart TV and a WiFi router) by unplugging them for a few minutes and then switching them on again. Starting to think we can solve many other, bigger problems the same way.
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I can’t help myself but I always say “please” when I ask Chat GPT a question. It really feels like I am asking a person to do something for me.
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I observe that big companies regularly spend billions on technology solutions that cost startups mere millions to recreate.
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Maybe removal is also a business opportunity: water hyacinth can be used for fodder, as a fertiliser and even as a fibre source for making paper.
Our water warriors along the Vaal are working tirelessly to try control the
#waterLettuce
but as fast as they remove it, it multiplies.
Where are you government departments? Where is Dept of Water and Sanitation?
@DWS_RSA
Where is Rand Water?
@Rand_Water
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Trump (77) and Biden (81) - the rematch nobody wants
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Please make it available in South Africa Elon
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My favourite new theory
How to identify the opportunities around you (The Red Car Theory):
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Just received great stats from
@BankZeroSA
:
1) December '23 Card turnover is up a massive 70% on prior December
2) Card Fraud is still at Zero (due to the patented security features that prevent card skimming)
Can any other bank can claim the same for any one of these metrics?
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No April Fool's joke: Since 1 April SA's Deposit Insurance scheme protects R100 000 per depositor per bank in the event of a bank collapse. This bolsters confidence in the financial system, especially in smaller banks.
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Bitcoin supply growth is now 0,9% per year.
Euro inflation rate is 2,4%
US inflation is 3,5%
SA inflation is 5,3%
Zimbabwe 222%
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So important to build a savings and investment culture in SA. We have too many micro loans and too few micro investors.
EasyEquities is the most popular online share trading platform among South African retail investors, maintaining its lead from last year.
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First there was loadshedding. Now there’s watershifting. What’s next?
Gauteng gets green light to implement ‘water shifting’: Gauteng residents should brace themselves for water shifting, which will be implemented by Rand Water as an interim measure to deal with shortages in the province.
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Really enjoying the insights gleaned from the Elon Musk book by Walter Isaacson. One random bit of info is that Elon got 61% for Afrikaans in his Matric.
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Next month the price of Eskom electricity will go up 12,7%. The good news is that the price of solar and batteries keeps on falling.
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Proteas sending message to Boks to not get overconfident after a victory.
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Afrikaans nogal
These cape lappet caterpillars respond to human voice and noise.
[📹 Overberg Renosterveld Conservation Trust]
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Can someone please build one for boerewors in 2024
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3026 years from today, life will either be really good or really bad.
It's 5050
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Sadly this happened. Much faster than I had thought it would.
Zim’s latest currency: “Zig” won’t last long. Soon they will print more Zig than the gold meant to back it. Zim should simply embrace the Rand (their largest trading partner) or Bitcoin (which has more trust than Zim’s monetary authorities)
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How many banks can explain all their fees on just 1 page? And most of the fees are zero!
@StudyBuddyOnli1
@MichaelJordaan
And here’s our pricing guide. Simple one-pager. Same rates apply to ALL - no matter what income. And, the best part, the fees for businesses are exactly the same as for businesses 😁
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Using 18 metrics like education, trade, economic output, and military strength,
@RayDalio
graphs great powers and empires over time. Nothing lasts forever.
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Great to chew on while daydreaming at school
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Tomorrow
@BankZeroSA
will release its 4th pricing guide. In the wake of the recent tough Mid-Term Budget, and an ongoing cost-of-living crisis in the country, will they still be able to offer zero fees?
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This is why I always ask people to write why they want to meet. Often, they end up solving the problem in the process of writing it.
Writing converts your ideas from vague to bad. But once they're written down you can at least see and fix the badness.
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Too many investors have near zero exposure to the future
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Cowlateral
Congrats Nedbank Swaziland. For decades farmers couldn't get bank loans coz "no capital for collateral." New Nedbank policy accepts Swazis' beloved cattle as collateral for loans, after veterinary appraisal.
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Playing India in India is quite the challenge. Good thing we’re in the semis already. If things work out, we may just face India again soon. Hopefully in the final.
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G20 inflation generally trending down. Interest rates are next.
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Actually, 5G WiFi is growing even faster. No need to dig up pavements and gardens.
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A survey showed that Bank Zero’s costs are in the region of 85% lower than the business packages offered by the Big 4 banks, which range from R463 to R769 per month. For larger businesses, the savings grow exponentially, due to higher transaction volumes.
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Such a cool concept. Nomads don’t take local jobs but spend money locally.
Countries that offer digital nomad visas (for location independent remote workers), visa fee:
🇦🇮 Anguilla - $2,000
🇦🇬 Antigua and Barbuda - $1,500
🇧🇸 Bahamas - $1,000
🇧🇧 Barbados - $2,000
🇧🇲 Bermuda - $263
🇨🇻 Cape Verde - $20
🇰🇾 Cayman Islands - $1,469
🇨🇷 Costa Rica - $50
🇭🇷
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That’s roughly R82 000 for each of the 61m South Africans.
𝗦𝗼𝘂𝘁𝗵 𝗔𝗳𝗿𝗶𝗰𝗮’𝘀 𝗧𝗼𝘁𝗮𝗹 𝗗𝗲𝗯𝘁 🇿🇦
🟰Total Debt = 𝗥𝟱 𝘁𝗿𝗶𝗹𝗹𝗶𝗼𝗻
Most of South Africa’s debt is denominated in ZAR
💰Rand Debt = 𝗥𝟰.𝟱𝟮 𝘁𝗿𝗶𝗹𝗹𝗶𝗼𝗻
💰Foreign Debt = 𝗥𝟱𝟰𝟯 𝗯𝗶𝗹𝗹𝗶𝗼𝗻
*2023/2024
*Rounded
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Business banking
@BankZeroSA
has a zero monthly fee, zero debit order fees, zero electronic payment fees and zero card purchase fees. Just saying..
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Smart move
BRAVO! ❤️
...
The Romanian Football Federation has decided that shelter dogs will be led to all matches throughout the year in an effort to boost adoptions and also increase the sensitivity of more people to love and respect animals
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Likely to continue for decades. Just wish SA could grow at its potential (5%)
📈Africa will have 11 of world's 20 fastest growing economies in 2024: Niger (11.2% GDP growth), Senegal (8.2%), Libya (7.9%), Rwanda (7.2%), Cote d'Ivoire (6.8%), Ethiopia (6.7%), Benin (6.4%), Djibouti (6.2%), Tanzania (6.1%), Togo and Uganda (6%), says African Development Bank
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We’re all addicted to oil and going cold turkey is simply not possible. The only way forward is to be more energy efficient and to diversify into other energy sources. The higher oil price and the reducing cost of alternatives will drive more change than policy.
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Back to the route used before 1869 (when the Suez canal was opened)
Red Sea is now largely closed to traffic. That's 8.8 million bpd of daily oil transit, and nearly 380 million tons of daily cargo transit.
Global traffic now will be rerouted around Cape of Good Hope, adding 40% to voyage distance (and even more to cost)
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Unless you eat, drive or live
The war on inflation is over. We won, at very little cost
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I'm not a gamer (anymore) so am keen to read your views:
@rainSouthAfrica
has just launched GeForce Now. GeForce Now is the brand used by Nvidia for its cloud gaming service. The subscription service provides users with unlimited access to a large library of games, delivered…
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.
@BankZeroSA
believes that its promise of zero fees is central to the brand’s unique value proposition. It’s not a gimmick!
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It’s funny but remember their vote has global implications
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When you have a great business idea but cannot execute it…
Crested mynas, as many other birds, are born altricially, which means young are underdeveloped at the time of birth, therefore fed by parents. When they grow up, they have to learn that food doesn't simply jump into their beaks
[📹 Rebecca Gelernter]
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So what's in the pipeline for
@BankZeroSA
? Team is working hard on:
1) Pay Many (for example salary payments);
2) Immediate Payments (like PayShap but without restrictions)
3) Phone Tap Payments
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If you’re not registered to vote, should you still get off work on election day? Anyway, this online link makes registration easy.
Please RT: Tired of the state of SA? Fixing our country starts with voting in the general elections. Make sure you are registered to vote! It can easily be done online:
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It’s as if the sun doesn’t shine and the wind doesn’t blow in South Africa
Share of electricity from solar and wind ☀️💨
[a mix of countries – not a top X rankings]
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After chips, energy is the largest cost of running AI.
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Bringing together SA's leading premium liquor provider with SA's largest online fine wine marketplace
Norman Goodfellows and announce groundbreaking partnership to revolutionise e-commerce in the wine and spirits industry. Read it here:
#winenews
#wineindustry
#ecommerce
@MichaelJordaan
@normangoodfello
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Chuffed that
@BankZeroSA
is already
#5
or
#6
out of the Top Ten given how long the others have been around.
Best banking apps in South Africa
These are the best-rated banking apps available to people living in South Africa.
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Some say electric cars won't work in SA due to loadshedding. Fortunately, moire and more of these electric cars are also batteries for your home during loadshedding.
Electric cars in South Africa with load-shedding backup
Here are the electric cars currently available or expected to arrive in South Africa with the ability to provide backup power to homes.
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@KarlBrophy
Valid. After one game (that they lost). Also Argentina is the only other side apart from SA that only has home born players.
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Does your bank also do that?
It is a public holiday, the world takes a long weekend, and
@BankZeroSA
are still here, sorting out a query for me at 09h38 in the morning.
Flawless. Absolutely flawless service.
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If you don’t want to pay high bank fees, you don’t have to. But don’t complain and then do nothing about it.
Online banking comparison — TymeBank, Bank Zero smash Absa, FNB, Standard Bank
Solidarity's 2024 Bank Charges report reveals that TymeBank and Bank Zero are far cheaper than prominent banks like Absa, FNB, and Standard Bank when it comes to online fees.
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This may well be the future of Power generation anyway. Smaller, decentralised power plants (including renewables and nuclear) on a smart grid.
🇺🇦💡 "Instead of a few large power plants in Ukraine, there will be hundreds of small ones in order to protect themselves from missile strike", - head of the Verkhovna Rada Committee on Energy
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Just do it
Over 5 million underprivileged South Africans don’t have title deeds for the houses they own and live in. The government could easily change that.
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These are remarkable stats
We've beaten everyone more than they've beaten us. World Cups are irrelevant. We're the greatest ODI team of all time. Bow to us you peasants.
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Interesting that after 9 games, the bottom 3 teams all still managed to win 2 games (and not zero). What makes live sport so interesting is that the outcome is mostly uncertain. Underdogs win unexpectedly every now and then.
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The world's 280 million electric mopeds, scooters, motorcycles and three-wheelers are displacing oil demand four times more than electric cars
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Of course
@BankZeroSA
wins but it’s wrong to call it entry-level as it has very advanced functionality backed up by great service.
Cheapest bank accounts in South Africa
We compared common transaction fees for entry-level bank accounts from Absa, Bank Zero, Capitec, Discovery Bank, FNB, Nedbank, Standard Bank, and TymeBank.
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As with most other online University courses, you do have to pay if you want the certification at the end. Still, this is a great deal if you simply want to learn. All you then need is data.
University of Cambridge is the 3rd-best university in the world.
And they have just released free online courses for everyone.
Here are 10 courses you don't want to miss in 2024: ↓
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Remote surgery is a gamechanger
5G ultra-long-range robotic surgery conducted in China on a patient's gallbladder. The surgeons operated from 4.650 km of distance.
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A largely capitalist economy in a largely meritocratic communist political system.
People in 🇨🇳 China living under the international poverty line
1990: 750 million
2016: 7 million
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Geeks can be funny too
BREAKING: Apple has cancelled plans to make a car after realizing it would require windows
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Work that is dirty, dangerous or dull will be taken over by humanoid robots. The upside is that there will be many new jobs that we cannot fully imagine yet.
Robots will soon take over jobs for this exact reason 😭
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Back to the future
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Bank Zero lauds South Africa’s deposit insurance scheme - CNBC Africa
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Empires come and go. Easy to think that our current geopolitical setup is stable. It is not.
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Constant, incremental improvements change the world
SpaceX recovery - landing success ratio:
2023 - 100% (99/99)
2022 - 100% (43/43)
2021 - 97% (30/31)
2020 - 92% (23/25)
2019 - 94% (15/16)
2018 - 87% (13/15)
2017 - 100% (15/15)
2016 - 63% (5/8)
2015 - 50% (2/4)
2014 - 67% (2/3)
2013 - 0% (0/1)
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Growing grapes for winemaking is a very tough business.
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Incredible demand for a product that costs $20 a month.
we are pausing new ChatGPT Plus sign-ups for a bit :(
the surge in usage post devday has exceeded our capacity and we want to make sure everyone has a great experience.
you can still sign-up to be notified within the app when subs reopen.
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Great news, independently confirmed
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You can’t stop the music
Nobody can stop the music
Charted: 50 Years of Music Industry Revenues, by Format 🎵
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This is a great way of reducing peak electricity demand by using price incentives. The example uses an electric car but it applies to many electric appliances from washing machines to irrigation pumps. Sadly our tariffs are complex and most of us don’t understand how to change…
For those saying they don’t want an EV because it only takes them 5 minutes to stop at a gas station to fill their ICE car (for $50), we got home last night at 8 and plugged the car in. Took about 15 seconds. At 9 PM, the wall charger knew that electric rates drop to 1/3 the cost
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The end of Vibracrete 😉
The Financial Times reports that solar panels have become 'so cheap' that they are being used to build 'garden fences in the Netherlands and Germany', amid surge in Chinese production saturating the global market.
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The costs of using the new Bank Zero commercial banking app are roughly 85% lower than packages offered by the big four banks, research from Moneyweb shows
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Streaming or gaming? Guess which bank charges zero when you pay in Rands? And has the lowest mark-up when it’s in another currency? And has no account fees? Spoiler alert:
@BankZeroSA
of course.
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Very positive move. Protects consumers and enhances financial stability.
South African Reserve Bank Governor
@KganyagoLesetja
and Finance Minister Enoch Godongwana will officially launch the Corporation for Deposit Insurance (CODI) tomorrow.
#CODI
is a subsidiary of the SARB and part of the country’s financial sector safety net, safeguarding bank
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Nice thing about a brand new network like
@rainSouthAfrica
(that only offers 4G and 5G) is that this switchoff matters as little as the switchoff of cheques would matter to challenger
@BankZeroSA
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Schrödinger’s cat. Both can be true at the same time.
Which 80% do you believe reflects the state of the school system? That 81% of grade 4s cannot read? Or that 83% of grade 12s miraculously passed ‘matric’? Both cannot be true
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I USE BRIECS. Any other acronyms?
BREAKING: The UAE, Saudi Arabia, Ethiopia, Egypt and Iran officially join the BRICS
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So it costs at least R2,55 billion just to start a new bank.
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Prescient. And those who most need to learn it, won’t.
AI will magnify the already great difference in knowledge between the people who are eager to learn and those who aren't.
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Zero of course
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Great graphic. The era of zero interest rates is over. Higher long-term rates have already hurt bond investors and growth equities. What’s next?
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