Closing Date: 15 May 2018
Location: Johannesburg

If you are studying towards Accounting, Actuarial Science, Economics, Engineering, Finance, Information Technology / Computer Science or Property and possess these values, Nedbank CIB would like to invite you to be part of our Vacation Programme.

Our Programme provides top performing third year and postgraduate students the opportunity to work with some of the best corporate and investment bankers in the country.

The nine-day programme during the June/July vacation will provide successful candidates with:

Exposure to Nedbank CIB’s value chain through job shadowing in the various business units
The opportunity to meet some of the leading corporate and investment banking professionals in the market
An opportunity to explore a career in Nedbank CIB
An opportunity to run your own investment portfolio through a Market Portfolio Simulation
Top performing students, who are currently completing their postgraduate, will automatically qualify to attend the summit for the graduate programme.
To qualify for the Programme, you need to meet the following:

A postgraduate or student in your third year of studies
South African citizen
Achieve an average of 70% academically (average for all the years of study).
How To Apply
Visit and complete your application. Remember to attach your academic transcript
Successful candidates will be invited to complete psychometric tests at Nedbank or on your campus
Successful candidates will be invited for interviews at our Nedbank offices or your campus
Top 30 shortlisted candidates will qualify to enter the Market Portfolio Simulation competition
The top 20 from the 30 students will be selected to attend the nine-day NCIB Vacation Programme

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We wanted to let you know about nursing learnerships. We have tried to get information about this learnership programme, but we didn’t meet any active nursing learnerships. Then, we only find information about nursing bursaries. No matter, may we can get our lucky later. Nursing bursaries can be an alternative programme of nursing learnerships. To apply for any of the nursing bursaries, you have to be a south African citizen and meet the following minimum requirements: passed Grade 12 and if you are studying at a university, you need to submit your latest results.

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Some of bursaries from companies/government offer some following fields: Nursing, Medical (MBChB), Pharmacy, Radiography, Emergency Medical Care, Accountants, Attorneys, Dentists, Doctors (belonging to the HPCSA), Engineers (Electrical & Mechanical with four year degree), Nurses (with four year B.Cur degree), Pharmacists, Auditor, Human Resources Practitioner, and Social Worker. These nursing bursaries (also nursing learnerships) can be offered by South African companies. Some of them are Statssa, Sactwu, PPS, LIBERTY, Mintek, Hatch and many more. These bursaries will cover tuition fees, living allowance, book allowance, accommodation fees, and registration fees.

Here are some success tips in getting nursing bursaries. First of all, always check open dates, closing date and method of application of each bursary in order to make your effort counted to be succeed. Secondly, follow the nursing bursaries qualifications and requirements as stated at the announcement. Complete all bursaries qualifications and requirements. Submit your application including requirement documents and copy if your qualifications.

Update: Nursing Learnerships

This site will update with any information available related to nursing learnerships. We wish our site can answer your frequently questions such as can i get nursing learnership? You also can find information about nursing learnership interview questions, available government nursing learnership, nursing learnership 2018/2019 at any hospitals in South Africa. For example, Chris Hani Baragwanath Hospital.

Download form down here>>


Are you looking for Transnet Freight Rail?. If yes, let me check the vacancies available. As we know that  Spoornet or called as Transnet Freight Rail is the South African rail transport company that is familiar enough in South Africa. Everymonth there are more than 200 vacants they display in its official website. This company is also regarded as the largest division of Transnet Limited in South Africa. Transnet Freight Rail also includes as the public company  with its sole shareholder. It is the largest specialises in the transportation of freight with more than 38 000 employees come throughout the country, especially in South Africa.


About Spoornet

Transnet SOC Ltd or called as Sppornet is the largest  South African pipeline, rail and port company. This officially website situated in the Carlton Centre in Johannesburg. Spoornet was built since 1990. The Department of Public Enterprises owns a majority of the company’s stock of the South African government. It is built through restructuring into some combuntions of  business units ranging from Harbours, South African Railways operations and also with its products and operations.

Spoornet Job Positions

Talking about Spoornet job position, there are many spoornet job positions to apply ranging from Trasnet graduate programmer, social scienece field, lines man job, management accounting, financing and so on. You can choose the best one field you want to apply on.

Ways To Apply

To apply the Spoornet Vacancies,  directly you can also visit They offer you with a vary of Spoornet Vacancies ranging from  programmer, social scienece field, lines man job, management accounting, financing and so on.  There are two ways to apply these jobs. At first is through email or as online. For those who want to send the application via email, the document must be sent to While for those who want to apply it online, it would be easier.  Follow these steps to apply!

  1. Visit this link!
  2. Click apply to apply the position intended.
  3. Click Go Back if you want to choose other vacancies.
  4. Some moments the webpage might get troubleshooting, if it happens, you would be better to apply through this email
  5. Or if the vacancy has been closed, open its officially website and click to see the new vacanceis list.

Salary and Deadline

Salary and deadline will be informed in this officially website and each job vacant have the different deadline submision.

Download Application form down here and Apply>>


You can now join a new underground banking system that’s been gaining popularity here in South-Africa. And what’s so incredible is how quickly a small deposit in this account can grow into a fortune – even in today’s ‘pay nothing’ interest world.

One young man named William Jones, for example, deposited just R3020 into this new type of account. He told reporters about this amazing discovery, saying:

“Every morning, I went online.. and saw that the account grew!”

William was absolutely stunned at his good fortune. Four months of growth and almost no effort on his part landed him more than R7.383.201. All from his initial deposit of less than R3100.

And here’s the thing… He didn’t park his money in any risky foreign currency or off-shore bank. He didn’t buy stocks or anything else regular banks sold us in the past. In fact, what William did with his money was unlike anything else we’d ever seen in our 20-year career of financial reporting.

Immediately after reading his story, our CEO authorised a team of 15 reputed financial journalists to conduct a full research investigation on this new form of account.

What our Investigation found shocked us. And our guess is that the results will shock you too.

More than 300,000 South-African citizens have opened accounts, in nearly every city in the country. Now, these people see absolutely huge gains on their savings. One gentleman, Joseph Bunn, who just put R13.000 into his account watched it grow to nearly R66 million. Or Gemma Samuelson, whose initial deposit blossomed into a small fortune, which she used to buy a stunning 3500ft villa in Cape Town.

“Every R3020 parked into this account in January of 2010 would have turned into +- R5.285.237.005 today! Completely income-tax free!”

Experts agree that simply by transferring a small part of your money to these 100% free, safe, secure and completely private accounts you will at least earn more than 50 times what a typical savings account, stock or anything else will pay you.

How to know if this ‘underground’ account is right for you? Well, you don’t but if you have at least R2030-R1300 on your savings account you have a moral obligation to your family – for your own well-being and that of your future generations – to at least look into one of these accounts.

How To Grow Your Wealth in the 21st Century

The first instance of this type of new bank account turned up in 2009, shortly after the housing, banking, and credit crisis of 2008. It’s no secret that people all around the world feared what would happen to the financial system. That’s when this underground banking system began to gain steam.

And unlike traditional banking, this system isn’t tied to one specific government. It’s not tied to one specific currency and it’s not tied to any specific bank. So basically it is completely crisis proof.

But what’s really shocking… These accounts make ordinary people all over the world extremely wealthy. Wether you’re a construction worker, nurse, office manager or even unemployed. A simple deposit of just R3020 at the start of this month would have ballooned into more than R297.295 today.

Our evidence shows this new underground bank account could create more millionaires in the coming year, than Google created the day it went public. Consider this: Back in 2013, only about 100,000 people held one of these accounts. Today more than 14 million are using this new underground banking system.

The amount of money flowing in the system is growing by the day. In fact, over a year ago, roughly R1.321.309 million was parked in this underground system. Today it’s R396.392.775 and experts claim the market will balloon into the Trillions within the next few years.

Our investigation has found even a few elite London bankers are quietly “dumping” the traditional banking system and are now parking their own cash – much of their personal cash – deep inside this underground banking system.

And because this account has nothing to do with gold, silver, stocks, bonds, options, or anything else you’ve likely heard of.. you won’t have to learn about investing. You simply visit a website, (details provided at the bottom of this special report) enter your details, open an account, and make a small deposit. Then sit back and watch as little as R3020 grow into R6000, R12000, R25000 or more.

The life-changing wealth that ordinary people have built by taking a chance on this revolutionary new ‘bank account’ is very real. Although you won’t hear about this on TV or in the news, many of the rich and powerful are already transferring cash towards this underground system.

An opportunity to jump in this early during a major paradigm shift will likely never happen again.

What’s even more fascination about these accounts is how wealthy bankers are using them not only to grow their money but also to hide it – this system provides complete privacy and you will be 100% anonymous. The South African government cannot access your account, even in times of financial crisis.

Why is that important?

It’s not a secret that the national debt has doubled in the last 10 years, and with financial instability, President Zuma and the failure to patch up the financial system after the last 2009 crash it’s just a matter of time before the next financial crisis will occur. And this time the government won’t have the cash to rescue your bank whether its StandardBankGroup, FirstRand or Nedbank Group.

Today, 21 February 2018 it’s still legal to open an ‘underground banking’ account. The best part is, you don’t have to be rich for this kind of banking. You can simply start by transferring as little as R3020 to this 100% safe and risk-free online bank-account and rake in profits with the click of your mouse.

There is NO MAXIMUM. High-net-worth individuals could deposit R5 million, R10 million or even R100 million. And they could all see the value of that account grow at least SIXFOLD within weeks!

The Banking System… And Currency of the Future.

It’s something called ‘Cryptocurrency.” No, it’s not an actual coin. It’s simply the name of a digital currency like Bitcoin (BTC) or Ethereum (ETH). Currency’s that you alone have control of.. and only you can decide whether to spend. The government cannot seize it. And the value has absolutely skyrocketed, creating multiple millionaires on a daily basis.

For example, Bitcoin’s value has multiplied 879,999 times. With just a R6000 deposit you would be worth at least R1 billion today. And if you would have bought another digital currency like Ethereum you would have made returns up to 4500% last week alone!

Have you loaded up Bitcoins at the start of this year you could have bought a R3 million mansion for the small investment of just R2030. A new 2017 Rolls-Roys would have cost you R13041. And a top-of-the-line Rolex, normally, R661.286+ would have been only R4.629.

And cryptocurrency has made enormous progress into mainstream acceptance. ATMs are going up every week. Thousands of businesses are accepting digital currencies. The government has been forced to recognise that the genie is out of the bottle. And even banks know that this is the future.

And the best thing is, it’s unbelievable easy to get started.

Anyone can learn to master this in no time. You don’t need any prior investing experience or business background. You don’t need a college degree. You don’t need to be good at math either. There is no hard work involved and there is nothing to sell. You won’t have to give up control or follow difficult guidelines. There is no guesswork or ‘luck’ required. Once you get going, it only takes a few hours a week to do everything. And you can do it all at home, or wherever you want, while you’re doing other things, too!

Naturally, you might be sceptical that something so simple could be so profitable and such a threat to the traditional banking system. That’s why we decided to put this system to the test – and our skeptics were completely blown away…

Putting The System To The Test

It wasn’t hard to find a volunteer. Our inbox flooded with requests and we finally picked Carl Davis as the lucky one. He is a 44-year-old father and lives in Johannesburg together with his wife and children. As a sales assistant, he has always been able to pay the bills but was never able to take his family on a well deserved exotic holiday. And without having any computer skills, degrees or knowledge about how the financial markets work he would be our perfect fit for the test.

“The first thing I did was creating a free account at the Cryptocurrency System page. It took just 2 minutes to enter my name, email, phone number and password. To activate the system I transferred R3020 to my new online wallet. Since it’s just a balance transfer it didn’t cost me anything. I knew for a fact I could get my money back anytime.

“The next day I logged into the site. I felt a little anxious…I opened the dashboard and thought I made a mistake, Was this my account? I double checked the account name in the corner, yes it was mine. I could see that my new balance at that time was R3.006,47. Incredible! In only 12 hours, while I was sleeping, the account made R976.47 profit from the R3020 that I had funded.”

“I wrote to my account personal mentor. Amazingly, he was not as surprised as I was. “This is normal,” he said, “in fact, we often see people earning more than that in the first 12 hours”. I was impressed, this thing was really working.”

“On day three of my trading, I was really getting into it. This was easy and not only that, it was very clear how I was earning so much money. Before I went to sleep that night my wallet showed me an astonishing R7,453.”

“My mentor explained that the more money I made, the more I could potentially earn. I bought a few more digital currency’s and in just 4 remarkable days, I had earned enough to travel the world with my wife, first class! She didn’t even know about my success yet. I booked a room at a 5-star hotel for the weekend to tell her about this amazing story. I decided I would pay off her student debt so that she could continue to pursue her dream as a fashion buyer. This money is going to change our lives.

Why It’s CRITICAL You Create Your Account Right Now

You simply can’t afford to miss this boat. The acceptance level for Cryptocurrency is about to explode. As it grows, it will continue to make its users extremely wealthy. Turning every R1 into R10, R100 or even far more… in just weeks. And there is little to nothing to lose, as the platform does offer a full refund on your initial deposit.

How Can You Take Advantage of This Once-in-a-Century Opportunity?

Due to extremely high demand, there are only 100 spots left. Applicants will be accepted on a ‘First come, first serve basis.’

The government and big corporations are already taking note and are doing everything within their power to take this system down and delete access from the internet forever.

Click the following link and see if you can still join!

As long as the registration form still shows on the next page, you still have a shot.

Click the following link and see if you can still join!


Coca-Cola Beverages South Africa (CCBSA) has exciting opportunities within their Sales and Marketing department in Vanderbijlpark.They are looking for 8 unemployed individuals who has completed their matric or post matric qualification who are looking for employment. The successful candidates will report directly to the Sales Team Leaders for the above mentioned districts. The Learnership runs over a period of 12 months. To successfully complete the programme, the learner must obtain a minimum value of 120 credits. Through the completion of the Learnership, they will receive a National Certificate:

Marketing (NQF 4)Key Purpose Statement

The purpose of this program is to equip learners with the skills to understand and acquaint themselves with the underlying principles of how to grow volume, facilitate the order taking process & implement, execute & monitor merchandising standards for direct and indirect customers within a designated geographical area.

The learner will be exposed to:Commercial aspects of the Sales environment
Customer Care
Customer Management
Marketing Essentials
Merchandising Standards
Management Essentials
Communications Additional Information


Grade 12/Matric with Maths, and English as the home language or at least a first additional language
Applicants must be unemployed
No experience required
Valid code 8 drivers license will be advantageous


Good analytical & numerical ability
Socially outgoing and confident
Able to build positive relationships
Team player who can also work independently
Assertive and persuasive- ability to influence and negotiate
Open to change and looking for opportunities for improvement
Good problem solving ability , solutions orientated and can be innovative
Responsible, conscientious and dependable
Self-discipline and well organised
Good planning ability
Good ability to work under pressure and handle a demanding work environment
High energy levels and drive

How to apply

Click here to apply online

Nestlé: Graduate / Internship Programme 2018

Closing Date: 31 March 2018
Location: Johannesburg

Limpopo Dept of Health: TVET Graduate / Internship Programme Programme 2018

Closing Date: 13 April 2018
Location:  Polokwane, Mankweng, WF Knobel, Sheshego, Helen Franz, Zebedia, Botlokwa, Lebowakgomo, Thabamoopo, Tshilidzini, Siloam, Messina, Hayani, Donald Fraser, Elim, Louis Trichardt, Malamulele, Mokopane, Elisras, FH Odendaal, George Maseb, Thabazimbi, Voortreker, Wambath, Witpoort, St Ritas, Philadephia, Jane Furse, Groblersdaal, Matlala,Meckleburg, Dilokong, Letaba, Van Velden, Dr Phatudi, Sekororo, Nkensani, Evuxakeni, Kgapane, Maphutha Malatji

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Stipend: R2.5K

Duration: 12 Months

The Department of Health invites applications from Public Further Education and Training IFETI N6, Technical and Vocational Education and Training [TVET] level 4 for Records Management Internship positions.


  • Public TVET
  • Practical Request Letter from TVET
  • 18 – 35 years
  • N6 Office Management
  • N6 Management Assistant

How To Apply

Applicants should be submitted on the Z83 form obtainable from any government institution and must be accompanied by comprehensive CV, certified copies of required qualifications and Identity Document

Applications for positions at the District Offices should be addressed to the District Executive Manager of die District Offices, for the Hospitals should be addressed lo die Chief Executive Officers of the Hospitals and for Pharmaceutical Depot should be addressed to the Director: Pharmaceutical Services as per the attached address list People with disabilities are encouraged to apply and attention will be given to individuals or persons from disadvantaged communities.

1: Applicants should complete separate application forms where more than one post is applied for. Correspondence will be entered into with shortlisted candidates only. Faxed or emailed applications will not be considered.

2: Applicants responding to the internal circular should indicate the circular number as reference on the Z83 form.

Enquiries about advertised posts should be directed to Ms Manipane NR / Ms Matimatjatji RL at 015 293 6426 / 6126

Botlokwa Hospital

015527 8000

Private Bag X 544



CN Phatudi Hospital

015 355 800

Private Bag X 4056



Dilokong Hospital

013 214 7265

Private Bag X 9119



Donald Fraser Hospital

015 963 1778

Private Bag X 1172



Elim Hospital

015 556 3201

Private Bag X 312



Ellisras Hospital

014 763 2227

Private Bag X 218



Evuxakeni Hospital

015 812 1138

Private Bag X 9661



  1. Odendaal Hospital

014 717 5257

Private Bag X1007



George Masebe Hospital

015 423 6000

Private Bag X 2201



Groblersdal Hospital

013 262 3024/5

Private Bag X 8604



Hayani Hospital

015 963 1208

Private Bag X 2272



Henele Franz Hospital

015 505 0750

Private Bag x429



Jane Furse Hospital

015 265 9400

Private Bag x742



Kgapane Hospital

013 265 9400

015 328 3510

Lebowakgomo Hospital

015 632 6900

Private Bag X14



Letaba Hospital

015 303 8200

Private Bag X1430



Louis Trichardt Hospital

015 516 0148

Private Bag X 2417



Malamulele Hospital

015 851 0026

Private Bag x9245



Mankweng Hospital

015 286 1000

Private Bag x1117



Maphutha L Malatjie Hospital

015 769 1520

Private Bag x11020



Matlala Hospital

015 769 1520

Private Bag x9624

Marble Hall


Mecklenburg Hospital

015 615 0208

Private Bag x1012



Messina Hospital

015 534 0446

PO Box  60



Van Velden Hospital

015 307 8800

Private Bag X 4014



Voortrekker Hospital

015 409 1700

Private Bag x 2495



Warmbaths Hospital




Waterberg District

014 718 1700

Private Bag x1026



WF Knobel Hospital

015 221 1500

Private Bag x 65



Witpoort Hospital

014 769 0025

Private Bag x01



Zebediela Hospital

015 662 0787

Private Bag x342



PIC: Graduate / Internship Programme 2018

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Closing Date: 30 March 2018
Location: Pretoria

We are looking for graduates/internships, who are self-motivated, achievement- driven and flexible; students who are able to think on their feet in a fast changing world, have great team-working skills and are passionate about what they do. An excellent track record and the desire to build a fruitful career in the asset management industry is another quality PIC seeks.

PIC hopes to bring some new PICeeds into the family and successfully nurture them for 2018.

PIC offers a competitively valued three year CA Training Programme (registered with SAICA), a two year Graduate Programme (specialising in Investment Management) and a two year Internship Programme (specialising in Operational areas).

Programmes offers to our Seedling:

The CA Training Programme:

The CA(SA) qualification is generally accepted as the top professional accountancy designation. The reputation of the CA(SA) retains its credibility even beyond the borders of South Africa.

The PIC is registered with SAICA as a training office and offers local, prospective chartered accountants the opportunity to complete their articles and obtain advanced experience in financial management within an asset management environment.

The programme offers students both the advanced experience required by the SAICA as well as the opportunity to become industry specialists.

The Graduate Programme:

The Graduate Programme is a training programme developed by the PIC that focuses specifically on the development of investment professionals. Trainees will be offered the opportunity to enrol for any of the following specialised programmes:

  • Listed Instruments (Equities and Capital Markets)
  • Properties and Risk (Financial and Operational)
  • Unlisted Instruments (Investments, Work-out Monitoring and Financial Risk)

The Internship Programme:

The Internship Programme gives individuals with no work experience the opportunity to gain valuable experience in a corporate environment, specifically in the asset management industry. The Internship Programme provides applicants with on-the job experience in the following areas:

  • Finance
  • Human Resources
  • Information Management
  • Investment Administration
  • Work-Out and Monitoring
  • Internal Audit
  • Economics
  • Operational Risk

Unilever: Graduate / Internship Programme 2018

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Closing Date: 23 April 2018
Location: Durban

Engineering Grad / Intern

  • Minimum Bachelors Degree in Sciences, Engineering (all except civil & Metallurgy)

Apply Online for the Unilever Engineering Graduate / Internship Programme

Research and Development Grad / Intern

  • Bachelors degree in natural / applied sciences and / or Engineering. We have a preference for BSc (Microbiology, Chemistry, Food Science etc), BEng, Chemical & Mechanical engineering Degrees

Apply Online for the Unilever Research and Development  Graduate / Internship Programme

Finance Grad / Intern

  • BCom with Accounts 2 in your undergraduate degree
  •  You will be required to complete the CIMA Program with Unilever

Apply Online for the Unilever Finance Graduate / Internship Programme

Human Resources Management Grad / Intern

  • A Bachelors degree in any discipline with preference for BCom, BBS, BPsych, BSocSc degrees

Apply Online for the Unilever Human Resources Management Graduate / Internship Programme

Customer Development Grad / Intern

  • A Bachelors degree with any discipline We have a preference for BCom, BEng and BBS degrees

Apply Online for the Unilever Customer Development Graduate / Internship Programme

Marketing Grad / Intern

  • A Bachelors degree with any discipline We have a preference for BCom, BEng and BBS degrees

Apply Online for the Unilever Marketing Graduate / Internship Programme

Supply Chain and Logistics Management Grad / Intern

  • We have a preference for BEng, BCom, BBS, BSC degree’s in any discipline

Apply Online for the Unilever Supply Chain and Logistics Management Graduate / Internship Programme

What is Bitcoin and How Does it Work

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.

What is Bitcoin

What is 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.


6 – Where to buy Bitcoins

How do I sign up?

Sign up for Luno and get ZAR 10.00 worth of Bitcoin when you buy or sell ZAR 500.00 (exchange excluded), using Luno’s Website.

Buy Bitcoins

Sell Bitcoins