JOZI WIRE https://joziwire.co.za South Africa Breaking News, Entertainment, Politics, Business, Sports Thu, 16 Jul 2020 07:18:33 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.15 https://joziwire.co.za/wp-content/uploads/2020/02/cropped-Jozi-Wire-icon-32x32.png JOZI WIRE https://joziwire.co.za 32 32 How To Invest in Oil Easily in South Africa on Your Computer https://joziwire.co.za/2020/06/how-to-invest-in-oil-easily-in-south-africa-on-your-computer/ Thu, 04 Jun 2020 13:43:58 +0000 https://joziwire.co.za/?p=3772 2020 has been a crazy year for oil prices in the world. Early in the year, Russia and Middle East producers agreed to oversupply the world with the crucial commodity in a bid to make American oil too expensive. It’s all part of a complicated global chessboard to maintain or increase their dwindling revenues. For […]

The post How To Invest in Oil Easily in South Africa on Your Computer appeared first on JOZI WIRE.

]]>
make money trading oil in South Africa2020 has been a crazy year for oil prices in the world.

Early in the year, Russia and Middle East producers agreed to oversupply the world with the crucial commodity in a bid to make American oil too expensive.

It’s all part of a complicated global chessboard to maintain or increase their dwindling revenues.

For many years, the United States of America has been the world’s largest buyer of foreign oil. Although they have their own reserves, their production capacity was unable fill that demand.

They instead bought oil from the Middle East and other OPEC nations.

Russia is another big oil producer. For many years, it has been exporting its oil to Europe, mainly Netherlands and Germany. China has however in recent years taken the top spot.

With Russia and Middle East’s respective markets safe and secure, the prices rose for many years, by a lot.

So much up that fracking – an expensive technology of extracting trapped oil in the ground, became profitable. Unlike Russia or the Middle East whose oil is easily accessible and therefore cheap to mine, most of America’s oil is trapped deep in the ground and needs very expensive and specialized techniques.

The break even price for Russia or Saudi Arabia is below $30. However the break even price for US fracking is over $50.

That has not been a problem for many years since the price of oil has been above that.

But as with any business, if there is money to be made, more players will come in.

This is what has been happening in the US in recent years. More fracking operations were started, reaching a point where the US was producing nearly all the oil it needed.

President Trump often claims that he made the US energy-independent, although that is not entirely true.

Now, when the US (which is the world’s largest oil consuming country) no longer needed as much Middle East imports as it needed before, the balance of the global trade was interupted.

Saudi Arabia and other Middle East nations needed new markets and Europe was a good target. But Russia already considered this its market, inevitably leading to bad blood.

A few months ago, it is believed that the Middle East and Russia agreed that the old order had to be restored, and that meant kicking the Americans out of the oil production business.

The best way to do that was to let the price go on a free fall that it becomes unprofitable for US frackers.

It was supposed to happen gradually but then the pandemic struck.

What happened was an unprecedented fall in global oil prices.


Why Oil Reached Negative Prices

Trade in Oil in South AfricaTowards the end of April, the price of a barrel of oil reached a historic minus $37.63. This was for the May futures contracts.

It literally means buyers were being paid to have the oil. But obviously not retail buyers like you and me.

The stage for such dramatic prices was set the moment Russia and OPEC opened all their taps to drown the Americans.

When the Coronavirus pandemic struck, prices were already on their way down. It only accelerated the process and quite dramatically at that.

Global demand all but dried up when planes were grounded and stay at home orders issued in many countries.

Nobody knew how long the lockdowns would last and supply was not halted immediately.

Towards the end of April when the May ‘futures contracts’ were expiring and needed to be disposed, storage tanks and tankers were full. Nobody wanted the oil because there was nowhere to store it.

And that’s how producers started paying anyone who could get it off their hands.


How To Take Advantage of Fluctuating Oil Prices

Whenever a commodity has frequent swings in prices, there is money to be made. Anyone who jumped on board the oil market at its lowest price is looking to make a huge profit.

To put that in context, for several weeks in April, the price of oil was below $20 a barrel. Right now it is approaching $40.

Within a matter of weeks, anyone had the chance of doubling, tripling or even quadrupling their money. This is virtually unheard of in other kinds of markets like the stock market.

An annual return of 10% in the stock market is considered average. 15% and you are among the best traders on Wall Street.

And here we’re talking of a return of nearly 300% in a matter of days.

Fortunes are built of this. You can do it the safe way by taking home small profits every year, or you can make one good move and change your life forever.

But let’s face it. If you’re reading this, you probably are in no capacity to buy oil by the barrels. This is a preserve of large multinational corporations with huge floating tankers in the high seas.

What you can do from the comfort of your home or office is trade in the futures contracts. In simple terms, this means you will never touch or see the commodity, but rather take advantage of its price fluctuations.

How do you do this?

I’m glad you asked. There are various online platforms that enable this, but for the purpose of this article, we’ll focus on one. Etoro.

How to trade in oil in South Africa


How To Trade in Oil on Etoro

Etoro is a platform that gives you access to major stock, indices and commodities markets in the world. We are talking of everything from NYSE and Nasdaq to trading in oil and gold.

For anyone seeking to invest their money in the stock market or commodities, it is the best thing since sliced bread.

Etoro is by no means the only platform to offer such services, but it is the one I’ve found most user friendly.

How to start trading on Etoro

How to trade in oil in South Africa1. You’ll obviously need an account on the platform. Sign Up with your email or Facebook account. It’s a really straightforward process.

2. You may need to verify your identity and residential address. Any government issued document like an ID or Passport will work.

For residential address, any utility bill or tax document that matches the address you stated will work.

3. Once you have your account set up, you can start trading.

4. One of the best features of Etoro is the option to create a virtual portfolio. This one will help you horn your skills without risking real money.

You will be given some virtual funds, which you can trade with real time data. These skills are particularly helpful if you want to become a day trader rather than a long-term investor.

5. If you want to invest your money and forget it for several months, you can proceed right away.

6. Of course you need to put in the money first. Etoro offers several ways to make your deposit on their platform, depending on which country you are in.

We’re going to list the options available to South Africans.


How to deposit on Etoro in South Africa

How to trade in oil in South Africa1. PayPal – Maximum deposit of $10,000 (If you don’t have a Neteller account you can create one on Paypal.com)

2. Credit/debit cards – Maximum deposit of $40,000

3. Neteller – Maximum deposit of $10,000 (If you don’t have a Neteller account you can create one on Neteller.com)

4. Skrill – Maximum deposit of $10,000 (If you don’t have a Neteller account you can create one on Skrill.com)

5. Wire transfer – No maximum deposit

All deposit methods reflect on your Etoro account instantly, except wire transfer which takes 4-7 days.

* The minimum first-time deposit is $50 for all methods, apart from wire transfer whose minimum is $500.

* Your money is available for withdrawal from all the above any time of day.

* Unverified accounts are limited to a total deposit amount of $2,250.


Now with your deposit made, you are all set to start trading in oil.

On your Etoro Dashboard, click on the Trade Markets option, which will open up a variety of new options.

Trade in Oil in South Africa 1

At the top of the page, you’ll see options like Stock, Indices, Crypto, Commodities, Currencies. In this particular instance, you are interested in Commodities.

Click it and you’ll be presented with all the commodities available for trading.

Top of the list are Oil, Gold, Silver, Copper and Natural Gas.

Trade in Oil in South Africa

Choose oil and the rest of the process is easy.


You’ll be presented with an option to Buy or Sell.

‘Sell’ will come into play when you’re liquidating your portfolio later, hopefully at a healthy profit.

‘Buy’ is what we’re interested in right now. A pop up will present you with the minimum and maximum amount you can place, based on the funds available in your account.

Once you are comfortable, click buy and let the waiting game begin.


Leveraging on Etoro

The story does not end there. As a trader on Etoro, you have the option of leverage.

In simple terms, leverage is a loan given to you by the broker (Etoro), so that you can open a trade of a much larger size than your invested capital.

It is presented on your trade dashboard as a multiplier.

Etoro themselves do a good job explaining this concept.

******************************

“The best way to understand leverage is through an example of how it affects your profit or loss potential. If you trade with no leverage at all and invest $1,000, for every 1% move in the market you can gain or lose $10, which equals 1% of $1,000.

In comparison, if you were to invest the same $1,000 and trade using x10 leverage, the dollar value of your position would be equal to $10,000.

1% of $10,000 equals $100, so for every 1% move in the market you can gain or lose $100.”

******************************

In every trade, you can decide whether you want to use any leverage or no leverage at all.

This is a very risky tool and should be used very carefully. The profits can be astronomical but the losses are just as big. If you have doubt, choose a leverage of X1 (no leverage) and let your actual investment work for you.


How to make a money trading in oil

Let’s face it, if making money was easy, we would all be millionaires.

The fact of the matter is you need certain skills to turn a profit, even on Etoro.

In the oil market, you need to be constantly informed of global events that might influence the price. Follow every relevant piece of news from the Middle East and update yourself on any policies or decisions that can cause a dip or a rise in the price.

Monitor price movements and the state of your portfolio.

Do this regularly and you’ll be almost guaranteed to turn a profit.


Here are all the resources to help you start trading in oil today.

Join Etoro – https://www.etoro.com/

Join Skrill – https://www.skrill.com/en/

Join Neteller – https://www.neteller.com

Join PayPal – https://www.paypal.com/

The post How To Invest in Oil Easily in South Africa on Your Computer appeared first on JOZI WIRE.

]]>
Nomzamo Confirms She’s Still Single, Calls Out Maps Maponyane https://joziwire.co.za/2020/03/nomzamo-confirms-shes-still-single-calls-out-maps-maponyane/ Wed, 18 Mar 2020 09:16:16 +0000 https://joziwire.co.za/?p=3742 Actress Nomzamo Mbatha was over the weekend romantically linked to her former boyfriend Maps Maponyane. This was after the model posted a picture on Instagram of him hugging an unidentified lady. Fans were quick to point out that from behind, she resembled Nomzamo. Some thought the couple had mended things and were back together after […]

The post Nomzamo Confirms She’s Still Single, Calls Out Maps Maponyane appeared first on JOZI WIRE.

]]>
Maps Maponyane Nomzamo MbathaActress Nomzamo Mbatha was over the weekend romantically linked to her former boyfriend Maps Maponyane.

This was after the model posted a picture on Instagram of him hugging an unidentified lady. Fans were quick to point out that from behind, she resembled Nomzamo. Some thought the couple had mended things and were back together after breaking up in 2018.

Maps Maponyane Nomzamo Mbatha

The Coming to America 2 actress was however not amused. She went on a Twitter rant accusing Maps of creating confusion by using clickbait.

“Anything for clickbait huh…” the actress posted on Twitter.

In a follow up tweet, she made it categorically clear that she was not back together with Maps, and will never again date him. She also made a subtle threat to expose what really happened in their relationship if Maps keeps provoking her.

“Not now. Not ever. Masego, stop taking advantage of my silence and choice to be graceful through it all. Shake this can one more time and I’ll open it.

“@MapsMaponyane you made your bed. Lie in it.”

She soon followed up with another tweet.

“When a woman is direct and clear about her feelings and thoughts, she is ’emotional’, ‘overreacting’, ‘clearly hung up’ … her feelings, words and thoughts are never warranted There have been many attempts with a futile response that have led to this point. I’m finally standing up for me.”

Maps, who turned 30 this week, later revealed that the lady in the picture was just a work friend.

As if she was not clear the first time, Nomzamo later tweeted and made it categorical that she is a single lady.

”Being back in LA means back to working two time zones which spans over two days and a workload like no other. Thank goodness there’s no relationship to manage on top of it all, because wow,” she said.

Read: Nomzamo Mbatha Loses R200 000 Rolex Watch

The post Nomzamo Confirms She’s Still Single, Calls Out Maps Maponyane appeared first on JOZI WIRE.

]]>
Pearl Thusi Talks Queen Sono Season 2 https://joziwire.co.za/2020/03/pearl-thusi-talks-queen-sono-season-2/ Wed, 18 Mar 2020 08:40:14 +0000 https://joziwire.co.za/?p=3738 Mzansi superstar Pearl Thusi is still riding on her ‘Queen Sono‘ success. The Netflix original released last month performed very well, becoming the top show in many African countries including South Africa and Kenya. The reviews and ratings were not exactly great, but as long as the audience watch in their numbers, that has never […]

The post Pearl Thusi Talks Queen Sono Season 2 appeared first on JOZI WIRE.

]]>
Queen SonoMzansi superstar Pearl Thusi is still riding on her ‘Queen Sono‘ success.

The Netflix original released last month performed very well, becoming the top show in many African countries including South Africa and Kenya.

The reviews and ratings were not exactly great, but as long as the audience watch in their numbers, that has never prevented Netflix from renewing shows.

Pearl hopes the numbers will be on their side this time, and she is promising to let us know the moment a second season is green lit. Writing on Twitter, Pearl revealed that the show is still doing well across markets, better than expected actually.

Hi everyone! Thank you for all the incredible support! The show is still doing very well! Better than expected !!! I’m so proud ! I promise to let you know as soon as we know whether there’ll be a second season ! We love you!

The spy thriller follows Queen Sono (Pearl Thusi) around Africa as she engages in espionage acts.

It is the first African original on the streaming service.

Read: The Best PHOTOS from Queen Sono Red Carpet Launch

The post Pearl Thusi Talks Queen Sono Season 2 appeared first on JOZI WIRE.

]]>
PHOTOS – Zola Nombona Holds Baby Shower https://joziwire.co.za/2020/03/photos-zola-nombona-holds-baby-shower/ Wed, 18 Mar 2020 08:12:48 +0000 https://joziwire.co.za/?p=3728 Mzansi actress Zola Nombona this weekend held her baby shower. The lockdown star is now just days or weeks away from giving birth to her first baby, and she took advantage of the great weather to host an intimate bash on Saturday. The 27 year old posted pictures on Instagram, showing it was a small […]

The post PHOTOS – Zola Nombona Holds Baby Shower appeared first on JOZI WIRE.

]]>
Mzansi actress Zola Nombona this weekend held her baby shower.

The lockdown star is now just days or weeks away from giving birth to her first baby, and she took advantage of the great weather to host an intimate bash on Saturday.

The 27 year old posted pictures on Instagram, showing it was a small affair with just a few friends and family members.

Check out some of those pictures.

Zola Nombona

Zola Nombona

Zola Nombona

Zola Nombona

Zola Nombona

Zola Nombona

The post PHOTOS – Zola Nombona Holds Baby Shower appeared first on JOZI WIRE.

]]>
PHOTOS – Surprise 30th Birthday for Maps Maponyane https://joziwire.co.za/2020/03/photos-surprise-30th-birthday-for-maps-maponyane/ Wed, 18 Mar 2020 07:44:02 +0000 https://joziwire.co.za/?p=3723 Mzansi model, MC and media personality Maps Maponyane was this week marking a milestone in his life. The overachieving hunk has already made a name for himself as the go-to event MC, and has already opened a chain of restaurants. Quite a remarkable fete considering he has just turned 30. Maps entered his third decade […]

The post PHOTOS – Surprise 30th Birthday for Maps Maponyane appeared first on JOZI WIRE.

]]>
Mzansi model, MC and media personality Maps Maponyane was this week marking a milestone in his life.

The overachieving hunk has already made a name for himself as the go-to event MC, and has already opened a chain of restaurants. Quite a remarkable fete considering he has just turned 30.

Maps entered his third decade on earth this week, and were it not for a surprise bash by some of his friend, we may not even have found out.

A few of his celebrity friends came together to organize a party for him. Boity posted on Twitter, We managed to surprise the birthday boy for his 30th!!  I hope last night made you feel as special as you are @MapsMaponyane.”

Alongside this photo.

Maps Maponyane

Lira was also on site to sing for the birthday boy.

Read: Power Couple: Fans Urge Maps Maponyane and Zozibini Tunzi To ‘Fall in Love’

The post PHOTOS – Surprise 30th Birthday for Maps Maponyane appeared first on JOZI WIRE.

]]>
Pearl Thusi’s Daughter Celebrates 5th Birthday (VIDEO) https://joziwire.co.za/2020/03/pearl-thusis-daughter-celebrates-5th-birthday-video/ Tue, 10 Mar 2020 09:27:20 +0000 https://joziwire.co.za/?p=3716 Pearl Thusi is having a very good year. Just out of a successful Netflix launch of Queen Sono, the actress has even more to celebrate as her daughter has just turned 5. Baby Okuhle celebrated her fifth birthday over the weekend and her famous mom shared a video on Instagram. The little girl was adopted […]

The post Pearl Thusi’s Daughter Celebrates 5th Birthday (VIDEO) appeared first on JOZI WIRE.

]]>
Pearl Thusi daughterPearl Thusi is having a very good year. Just out of a successful Netflix launch of Queen Sono, the actress has even more to celebrate as her daughter has just turned 5.

Baby Okuhle celebrated her fifth birthday over the weekend and her famous mom shared a video on Instagram.

The little girl was adopted by Pearl last year, and it’s clear she is enjoying her time as part of the family.

“Happy Birthday Okuhle ! We love you so much ! @okuhle.konke
You came into our lives and added so much joy and love… time passes so quickly and I can’t believe you’re 5 years old already! Thank you for everything my little tri-lingual fairy! You’re my beautiful unicorn blutterfy and I can’t imagine life without you! 🦄🦋❤ @okuhle.konke,” Pearl posted.

 

View this post on Instagram

 

A post shared by Pearl Thusi (@pearlthusi) on

Also read: Pearl Thusi: I Was Only Valued as an Actor After I Appeared on Quantico

The post Pearl Thusi’s Daughter Celebrates 5th Birthday (VIDEO) appeared first on JOZI WIRE.

]]>
Cassper Nyovest is Not Worried About the Coronavirus, and the Reason Will Disgust You https://joziwire.co.za/2020/03/cassper-nyovest-is-not-worried-about-the-coronavirus-and-the-reason-will-disgust-you/ Tue, 10 Mar 2020 08:57:20 +0000 https://joziwire.co.za/?p=3711 As the world continues to grapple with the spread of COVID-19, best known as the Coronavirus, one Mzansi celeb is not particularly worried. In South Africa, the total number of confirmed cases is relatively low at 7. Four of these cases were announced by Health Minister Zweli Mkhize on Monday. It is likely that the […]

The post Cassper Nyovest is Not Worried About the Coronavirus, and the Reason Will Disgust You appeared first on JOZI WIRE.

]]>
Cassper NyovestAs the world continues to grapple with the spread of COVID-19, best known as the Coronavirus, one Mzansi celeb is not particularly worried.

In South Africa, the total number of confirmed cases is relatively low at 7. Four of these cases were announced by Health Minister Zweli Mkhize on Monday.

It is likely that the number will go up, either spreading from this small group of patients, or from carriers bringing it from abroad.

However despite all the global panic, rapper Cassper Nyovest is not scared, or at least not taking the threat seriously.

On Twitter, Mufasa quoted a tweet from a news report alleging that masturbation boosts the immune system by raising your white blood cell count.

This in turn helps you fight off infection and illness, the article claims.

According to the rapper, he therefore has nothing to fear, insinuating he is a serial masturbator.

Cassper Nyovest Coronavirus

Probably he’s kidding, probably not. Only he knows.

Read: Cassper Nyovest Now Uninterested in Zozi… “I Need a Zulu Wife”

The post Cassper Nyovest is Not Worried About the Coronavirus, and the Reason Will Disgust You appeared first on JOZI WIRE.

]]>
DStv To Open Up DStv Now This Weekend as they Test Capacity for ‘Dishless DStv’ https://joziwire.co.za/2020/03/dstv-to-open-up-dstv-now-this-weekend-as-they-test-capacity-for-dishless-dstv/ Tue, 10 Mar 2020 08:18:42 +0000 https://joziwire.co.za/?p=3708 We have previously reported that DStv is planning to launch a standalone streaming package. Dubbed ‘dishless DStv’, the service will go live later this year if all goes according to plan. It is separate from DStv Now in that you do not need to be a dish subscriber to access the service. Other than a […]

The post DStv To Open Up DStv Now This Weekend as they Test Capacity for ‘Dishless DStv’ appeared first on JOZI WIRE.

]]>
DStv NowWe have previously reported that DStv is planning to launch a standalone streaming package. Dubbed ‘dishless DStv’, the service will go live later this year if all goes according to plan.

It is separate from DStv Now in that you do not need to be a dish subscriber to access the service. Other than a smart TV or streaming stick/box plus your internet connection, you will not need additional gadgets.

It is now being reported that DStv will this weekend open up the entire catalog on its DStv Now service to lower tiers.

DStv Compact Plus, DStv Compact, DStv Family and DStv Access subscribers will for 3 days access all content and live events on DStv Now, something currently only possible for premium subscribers.

EasyView subscribers are however not included in this offer.

It is said the open weekend is a large scale public trial to test the server capacity ahead of the dishless DStv launch. MultiChoice’s servers have a history of crashing when there is a heavy influx of online users.

For instance last year, the service crashed several times during Rugby World Cup matches and also during the final season of Game of Thrones.

The open weekend means lower-tier subscribers will be able to watch all English Premier League matches, the Formula 1 Australian Grand Prix main race, the Six Nations matches, Vodacom Super Rugby matches etc.

Read: Disney+ in South Africa.. Is it Available.. How To Watch

The post DStv To Open Up DStv Now This Weekend as they Test Capacity for ‘Dishless DStv’ appeared first on JOZI WIRE.

]]>
Kelly Khumalo Launches Her Own Gin https://joziwire.co.za/2020/03/kelly-khumalo-launches-her-own-gin/ Tue, 10 Mar 2020 06:08:05 +0000 https://joziwire.co.za/?p=3702 Kelly Khumalo is the latest South African celebrity to venture into the attractive alcohol manufacturing business. The songstress has announced the launch of her own gin dubbed ‘Controversy’. She says it is the result of many months of hard work. The handcrafted gin market is growing in the country, with many small and medium sized […]

The post Kelly Khumalo Launches Her Own Gin appeared first on JOZI WIRE.

]]>
Kelly Khumalo is the latest South African celebrity to venture into the attractive alcohol manufacturing business.

The songstress has announced the launch of her own gin dubbed ‘Controversy’.

She says it is the result of many months of hard work.

The handcrafted gin market is growing in the country, with many small and medium sized players opening up. There are even paid lessons in Cape Town where you can be taught how to make your own gin.

Read: Zandie Khumalo To File for Restraining Order Against Sister Kelly Khumalo

Kelly’s Controversy Gin will be exclusively sold online on Makro until April 3rd, before being available in more locations.

The post Kelly Khumalo Launches Her Own Gin appeared first on JOZI WIRE.

]]>
PHOTOS – Amo Chidi Celebrates Daughter’s First Birthday https://joziwire.co.za/2020/03/photos-amo-chidis-daughter-celebrates-first-birthday/ Tue, 10 Mar 2020 05:46:58 +0000 https://joziwire.co.za/?p=3693 Days after announcing her exit from Rhythm City, Amo Chidi celebrated the first birthday of her daughter. The little princess’ birthday bash was honeybee-themed with yellow and black all over. Even the cake was yellow and black. The actress posted photos on Instagram writing, Mommy and Daddy’s Beautiful Birthday girl!!!!!💝 I honestly can’t believe its […]

The post PHOTOS – Amo Chidi Celebrates Daughter’s First Birthday appeared first on JOZI WIRE.

]]>
Amo Chidi daughterDays after announcing her exit from Rhythm City, Amo Chidi celebrated the first birthday of her daughter.

The little princess’ birthday bash was honeybee-themed with yellow and black all over. Even the cake was yellow and black.

The actress posted photos on Instagram writing,

Mommy and Daddy’s Beautiful Birthday girl!!!!!💝 I honestly can’t believe its been a year since God sent us such the perfect Angel!
There are not enough words dear God! I’m seriously trying my best not to write a long caption! And get super emotional! We are so in love with you my baby !
Happy birthday Princess,
Mom and Dad love you!

We are all set and ready for Our little Bumblebee’s Birthday🐝 !!!! We are having a party kids!🎊🎂 I was going back and forth for weeks trying to figure out if I should hire a company to come do the decor or just hire chairs etc and wing it! Lol! I’m so glad I decided to do it myself, it just makes it feel that much more special* and of course with the help of the Aunties and grannies we managed to make a pretty birthday for my baby girl!

Check out the pics.

View this post on Instagram

Happy 1 year of parenting my love🎊🤗👑 I love you❤

A post shared by AMO CHIDI (@amochidi) on

The post PHOTOS – Amo Chidi Celebrates Daughter’s First Birthday appeared first on JOZI WIRE.

]]>