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Bitcoin is a highly speculative investment. Why caution is required
05 December, 2017

With the price of a bitcoin reaching record highs of more than $10,000, more and more ordinary people consider investing in the cryptocurrency. The recent price surge, however, comes with tremendous risks. Investors should be prepared for the possibility that they could lose their entire investment.

Bitcoin was launched in 2008 by an anonymous author under the name of Satoshi Nakamoto as a means of transacting among participants without the need for intermediaries. Since the beginning of this year, the price of bitcoin has increased by 1300% as more and more consumers flock to it hoping to profit off its increasing popularity and the associated increase in value.

Cryptocurrencies are not currencies at all. As the Financial Times explains, bitcoin is a string of computer code which means that new bitcons can be created – up to an agreed limit – by computers that gain the right to do so by solving complex puzzles. Transactions are recorded in a database called a blockchain.


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A new era of teaching at UCT
05 December, 2017

But five years ago, many of UCT’s classrooms were in less than ideal condition. Numerous venues were riddled with broken chairs and desks, and teaching was sometimes hindered by outdated equipment and awkward teaching wall layouts. To make things worse, lecturers were frustrated by each classroom having different procedures for using the data projectors and lectern controls.

Today, the situation is very different, primarily due to UCT’s Classroom Renewal Project (CRP). The initiative revamped 91 centrally bookable classrooms across campuses, and assisted other projects to bring another 10 rooms up to standard.The project, which recently ended its five-year run, delivered major improvements in classrooms' physical facilities, audio-visual and IT capability, lecture recording, customer support and more.


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“#WaterShedWednesday"
28 November, 2017

Water is an increasingly precious resource. The region is presently undergoing the harshest drought on record. The dams and reservoirs feeding the municipality are at record lows. In response, the UCT executive has formed a Water Task Team that raises awareness of water-related issues and will put contingency plans in place. UCT has already started several temporary water-reduction strategies.

UCT aims to provide alternative water supplies from groundwater, treated effluent and desalination before Cape Town runs out of water, which is projected to happen around May 2018.


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