Community Blog
08 February 2010 09:02
Does switching off your geyser really save electricity?
Moneyweb Community member says it is a myth.
Admittedly, it's a popular myth that switching off your geyser saves electricity as Gareth Cotten discussed in How to save on your electricity bill and it's even propagated by government, but it's completely false and it's inexcusable that a reporter does not check his facts before claiming a cited obvious, but bogus method of saving electricity. The fact is that in a properly insulated geyser the heat energy is well contained and the only possible source off loss is the tiny amount that escapes the insulation during the day. While the geyser is on during the day and no water is consumed, a small amount of electricity is used to replace this heat loss - the thermostat typically switches on for...
07 October 2009 15:32
Standard Bank's faux pas
It is so sad it is laughable.
We have an up-and-coming engineer in our company that is performing exceptionally and I believe that he has an excellent future. He banks with Standard Bank (JSE:SBK) and decided to buy a duplex. He asked Standard Bank to increase his transfer amount to enable him to transfer the deposit. Standard Bank stated that they would not increase his transfer limit until the amount was in his account. Although frustrated because he did not understand the motivation behind this, he accepted this. When the money was in his account, he went to bank and asked that they increase the transfer limit only to be told that his account was under investigation because such a large...
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