As of Monday, 15th January 2018, one of the oldest, most respected Small Medium Enterprise (SME) computer support companies in Port Elizabeth, KONDURA TECHNOLOGIES CC‘s business has been sold as a “going concern” and has been acquired by Jocote Technologies (Pty) Ltd. under the new management of Claude Botha. Craven Coetzee will continue on temporarily in an advisory capacity as an independent consultant.
First and foremost, you have our assurances of ongoing service excellence!
To existing customers of both Jocote Technologies (Pty) Ltd. in East London as well as KONDURA TECHNOLOGIES CC in Port Elizabeth, DON’T PANIC! Nothing is changing – except getting better, having more techies at your disposal & additional services.
and NEW services and support including:
CCTV installations, repairs,
Biometrics installations, repairs (card/fingerprint readers),
Data, Network Cabling & Fibre
Rentals of notebooks, projectors,
Solar, Invertors, Remote I.T. / CCTV Installations
Absolutely nothing is “closing down” – it’s business as usual – for customers and clients for both companies. We have your best interests at heart. Always.
We are consolidating and falling under the umbrella of ONE company Jocote Technologies (Pty) Ltd. T/A KONDURA TECHNOLOGIES.
Our goal is to be the #1 all-in-one turnkey IT company in the Eastern Cape. Call us to fix everything. No “pass-the-buck” attitude as we will have all the necessary in-house services. We just get the job done – supporting ALL your interests in the Eastern Cape.
This had to be done as focusing on a single sector of the IT industry (IT support and sales) was simply not feasible for any longer. We had to grow, or die on the vine! To protect ourselves, our staff and our customers. We are creating jobs, training and new opportunities in the Eastern Cape, South Africa.
With his procedural “by the book” management style, Craven Coetzee has not really “needed” to be actively involved in management of the business in Port Elizabeth for at least three (3) months now – delegating responsibilities to his existing employees, and assistant manager, Lee Robertson with Craven only assisting with the rare crisis. Over 90% of his time was spent managing “off-site” / remotely with only the occasional “catch-up” Tuesday management meeting with staff. Our staff know what they’re doing. Many have been with KONDURA TECHNOLOGIES for over 15 years. All our sites are set up the same, run the same, are managed the same. Based on our track record, we are one of the few IT companies that do “preventative maintenance” and “managed services” the right way. We are light years ahead of the competition. We routinely cut our customer’s business operating costs by dozens of wasted hours of labour each month.
Jethro Penny has been groomed by Claude Botha to be assistant manager for the East London Area.
It’s important to note that this is an expansion of services, of support and service employees, not a change of services!
Claude Botha is merely expanding his business interests, offering more services to his existing client base as well as KONDURA TECHNOLOGIES CC client base.
Claude and Craven both have a solid ICT Business and Project Management Skills with Claude bringing his meticulous management style to support and manage KONDURA TECHNOLOGIES CC’s clients, having set up every aspect of the IT infrastructure from scratch for numerous large chain retail franchises both locally and nationally in South Africa. Both managers have vast experience in multiple IT sectors of the economy, including retail, manufacturing, financial and legal.
Since taking over, and as he has been doing for several months, Claude will make regular trips, skype/conference calls to ensure your business interests are taken care of.
Remote support technology permits much faster support and now with the technicians in Port Elizabeth and East London able to assist any customer in either location, every one of our customers benefit and overall, our service levels as far as “turn-around” time will inevitably improve even further.
With the additional services we offer, and with less parties involved in the over-all support of one client, with us doing most (if not all) of your IT work, we truly will minimize your down-time on time-critical projects. We plan. You relax and let us take care of cabling, CCTV, servers, networking all under one roof.
KONDURA TECHNOLOGIES remains one of the leading Microsoft “Clean Reseller” partners in the Eastern Cape, offering advanced support, first-hand experience and advice for Office 365, Exchange Online cloud-hosted mail, services and installations.
Rest assured that this process has carefully been planned for almost nine (9) months now with both managers vetting each other’s skills taking great pains to ensure that their customers will gain from this overall experience. Craven and Claude have sat down and had “brain-storm sessions” with cross-sharing of ideas and have already made substantial improvements to the running of both their respective companies. They have streamlined their businesses to be significantly more efficient. They have compatible management styles as well as technical support abilities to ensure best advice to their customers. Craven is taking a step back from the company, however. After 21 years of running the company, he wanted to ensure his customers were in good hands and he feels they are – as he takes on his next project/adventure.
Have you considered a Service Level Agreement (SLA) with KONDURA TECHNOLOGIES?
Are you a Port Elizabeth Company that needs 1st world, world class support in East London branch and surrounding areas – or in the Eastern Cape and need support in remote locations?
Why have the hassle of a full-time employee with no backup to assist, no-one to check on them?
Full-time employees take leave, are sick, need “you” to check up on them. Let us manage your IT for you – the right way, right advice, saving you down-time, productivity, costs in the process.
~ KONDURA TECHNOLOGIES / Craven Coetzee
Claude Botha established 1998
So much to say. So little time. More to follow. Facebook adverts seem to love spamming the new trends, the latest “get rich quick” ads. Not sure what came before these, but my earliest recollections are Ponzi-type Schemes, Pyramid-type Schemes, then came Multi-Level Marketing , then Forex Trading was all the rage, now… there’s Crypto Currencies. Over 1300 at last count – completely worthless, mostly useless except people are selling their houses, taking loans to buy crypto-currencies. You know what we’ll call these people? (soon) HOMELESS.
NOTE: Lots of videos load on this page the first time you open – please be patient! Your PC is not hanging. Thanks!
This video shows how long it takes to withdraw money from a BITCOIN ATM – this is before it became more popular. That “hour long wait” can be up to 16 hours – as seen in next video.
HOW TO USE A BITCOIN ATM – showing how poor it works as a currency. BITCOIN network now so slow, you can wait up to 16 hours!
Don’t believe the FACEBOOK and GOOGLE ADs – Elon Musk owns no bitcoin (see video lower down). He is not heading a new project. Steve Wozniak bought some to play with (see video lower down). Does not invest in it. Confesses to not being an expert. The mysterious creator of BITCOIN is NOT making a new currency.
Lies, Lies and more damn Lies! When New York Times does checking, it appears the truth comes out. Remember – Crypto Traders will say almost anything to cause hype. Drop names, make claims of huge adoptions. Hype makes people buy. Hype drives their price up.
This is an evolving article. I’ve got a LOT more to add and edit. More to follow on YouTube. I need to get this info out or I’m going to miss my opportunity to tell the cult of crypto guys “I told you so!” when it crashes as MANY things have changed in just the last 4 days.
I want to say that EVENTUALLY we will use a global currency that will be a crypto-digital network, but NONE of the current crypto’s will be those. It will be a joint-effort country based system similar to idea behind the EURO, but world-wide and managed by LIMITED processing power and closed, centralized, secure infrastructure with accountability. Banks and governments are not going lose control of their economy. It will be a unique currency network and be 100% transparent and traceable. It may or may not build on existing technology of the blockchain. I personally think the current blockchain implementation is very, very bad and the bubble for ALL crypto-currencies run by individuals / anarchists will pop and lose value. Soon.
Also, many people will make money. Many more will lose. It’s a bet, however. It’s gambling. It’s not a wealth store. It’s not an investment.
Wall Street Journal: What Can You Buy With Bitcoin? A $10 Pizza for $76
Every time these “schemes” appear, their “investors” are usually “cult like” in their behaviour. A few years ago, I brought to the attention via a blog I did of the danger of a new Network Level Marketing scheme where people in this city were being asked to pay to “invest” in a product that would generate money along the concepts of “Google”.
BITCOIN: Biggest bubble in history: what you need to know
The followers (cultists) of this scheme were so intense, I had to get advice from Robert L. Fitzpatrick on it and he kindly assisted with the whole situation. Perhaps he was even instrumental on making people aware of a new scheme.
Rickards: “BITCOIN is a Ponzi Scheme”
“a Ponzi with no-one in charge”
I was heavily attacked on-line by a horde of “investors” in this MLM (Multi-Level Marketing) scheme and attempted to attack / discredit myself and my company. The only time I have seen such malicious, passionate attempt at attacking someone is watching a documentary on the woes of Scientology. This Multi-Level Marketing scheme obviously faded when the suckers (er, ground-breaking entrepreneurs) who invested in it lost their money.
Obviously Forex, MLM is not related to #BITCOIN directly, but judging by the amount of SPAM mails and ads that pop-up right now, rest assured some scheme will attempt to use some sort of Multi-Level Marketing “get rich” promise to sell a crypto-currency. You can lose money on crypto-currencies all on your own – you don’t need others to help you.
Look at anyone pushing BITCOIN. They’re usually nutjobs. They look, speak, shout over you like cultists. They get upset when you disagree. Bitcoin is a religion they are invested in. They have the passion and irrational arguments and “belief” of a religious fundamentalist zealot.
Then, take a step back, breathe, focus and look at the professors, finance experts pointing out the issues with the technology as well as its non-viable use as a currency and wealth store status.
A full YouTube video discussion of this will be appearing on this author’s Craven Coetzee on YouTube in a week or two. This will also discuss the many, many flaws in the current implementation of this pseudo-currency (fraud and Ponzi scheme – depending who you ask)
BITCOIN was introduced as an experiment for a digital currency that was supposed to:
1. Have cheaper transaction fees as it (supposedly) removed middle-men (banks) – It’s failed on this. Transaction fees are now insane. As the network can only handle about 7 transactions per second (world-wide), miners choose to solve the more profitable transactions first. Anything under a few hundred dollars are especially excessive. Expect to pay 25% to 500% transaction fees on smaller items. A US$10 pizza could easily cost you $65 in transaction fees. BITCOIN ATMS charge an inflated rate of exchange – sometimes as high as 25% to cover their costs.
From BITCOIN Wiki, major myth: “Bitcoin is a decentralized digital currency that enables instant payments to anyone, anywhere in the world.”
– It’s far, far from “instant” anything.
2. Become a popular e-commerce currency. Morgan Stanley actually reported early in 2017 that this has failed. Growth is reversing Crypto currencies are just too volatile and unstable. The list of people supporting the currency has actually gone down. Big names like DELL stopped using it for most payments. Steam – the largest “gaming” and “rebel” site in the world now ditched it. Newegg, one of the worlds largest PC suppliers has stopped using it for most things. Prices are listed in US$ on site as BitCoin is just far too volatile to list in BitCoin. Bitcoin now only dominates about 40% of all crypto-currencies at the moment. Basically, it’s a hornet’s nest of instability and variety.
Miners have now become a very inefficient (and expensive) middle-man.
3. Become a decentralized “democratic” network. The issue is unlike other distributed database systems, BITCOIN gets slower the more servers you add to it. The more servers/nodes/miners you add, the worse the entire system becomes. Also, the database from beginning in 2009 to now is 150 GigaBytes. If this technology were to try to scale to something like “PayPal”, the database would grow SIX (6) TERABYTES (+/- 6000 GIGABYTES) per year (using 6,1 Billion transactions figures from PayPal in 2016). From initiation to end of 2017, BITCOIN’s total network only did about 144 million transactions – worldwide. Larger databases need more bandwidth, better latency, so the number of “key” miners will ultimately fall and everything become more centralized.
Six (6) Terabytes on a non-datacentre class environment is a really big file and susceptible to corruption. It would be hundreds of terabytes per year if it (ever) became as popular as VISA /or mastercard. Paypal is a relatively small player compared to credit card companies.
Screenshot from COINBASE at 2018 / 01 / 06 09h56 GMT+2
4. Was supposed to be more efficient as it removed the middle-man – It has failed. It is not a practical currency. To withdraw money from an ATM or to confirm the purchase of a pizza – from bitcoin to dollars will take anywhere from 30 minutes to 16 hours with a massive transaction fee.
5. Was supposed to be “rare” and a wealth-holder because only 21 million coins could be “mined” – BUT there is a caveat that is not mentioned: “UNLESS the majority of the miners agree to change this.”
Another caveat? Who decides how many bitcoins are rewarded per block solved? The Majority – once again, consensus of the majority. So the miners decide how much they are paid. The miners also decide how many coins can be mined.
6. Was supposed to be private. Unfortunately with privacy comes criminal activity. Drug Dealing, fraud, terrorism, cyber-crimes are all almost always using crypto-currencies for ransom payments. Why would you want to be associated with this? Almost ALL exchanges are putting restrictions on account asking for proof of address, proof of identification – same as, a bank!
The 12 BITCOIN mining “reward” every 10 minutes and the 21,000,000 coins are just what are CURRENTLY agreed upon. If the system isn’t making the miners money, they may decide (at any time) to change this. All it takes are the 5 top miners to agree on this.
ICO’s are basically fraud. Creating a currency out of nothing, then using that currency to trade for other money that already has a value. China and South Korea already deemed illegal. SEC blocked some new companies as well.
Ever Heard Of ICO? Start-ups Are Using ICOs To Sell Cryptocurrency For Cash | CNBC
THE BIGGEST SCAM EVER!!! ICO’s
7. A decentralized system. FAILED. 5 mining groups control over 50% of the network and have the power amongst themselves to change anything they want.s
8. A public ledger and secure payment system – FAILED – Hundreds of millions have been lost and stolen. More on decentralization. The ledgers are public and decentralized. The wallets usually not secure and most are kept at exchanges. Hundreds of millions of accounts have been hacked. Entire Exchanges (aka banks) have been shut down and gone bankrupt with users losing everything.
9. Was supposed to be more secure. It’s not. Besides the hacking, tt is Impossible to reverse a mistake made in payment of BITCOIN. This is to prevent “double-spending”.
It means if you lose your money, if it’s stolen. It’s gone. No-one can help you. There is no-one to call.
If something is too good to be true, it probably is.
Just because a stock behaved one way in the past does not mean the trend will continue.
BITCOIN must be the only “experiment” that went from beta to live and still remains a work-in-progress with “Majority Rule” determining the direction. That Majority? China now does over 80% of all mining. 1% of BITCOIN owners own 50% of all BITCOINS.
Basically, BITCOIN is an approaching 300 Billion Dollar Virtual Stock that is run by a bunch of programmers probably with financial, accounting knowledge of School kids. Think I’m being too harsh? See this video and see how Mt.Gox – one of the first cyber-heists was started – after a friggin’ Trading game! Magic the Gathering!
Is BITCOIN secure? finance professor Campbell Harvey
Since the currency has failed, BITCOIN loyalists are desperately trying to sell it as a “store of wealth” and also try and say it’s value is not speculation, but “a service”.
Crypto-Currency is not “digital gold” – no matter what you’ve heard. It’s fraud. It’s a bunch of IT guys who decided to make money out of thin air as an experiment.
Economist Jim Rickards on gold vs Bitcoin
It’s certainly no longer a viable currency and never will be as popular as a dollar, euro nor even be “safe” as it moves around too much.
The ONLY thing that makes bitcoin valuable is that people believe the myth that it is worth something. It’s a speculative bubble. It’s a gamble. It’s not an investment.
If you want to invest in BITCOIN, spend US$2 and buy a small part like a lotto ticket. Of course, that US$ worth will come with US$5 to S$25 bucks in miner’s transaction fees.
What amuses me most about this whole crypto currency mania? These techies are spreading myths in the face of people who actually know how real money works and twisting the words to their own agenda of other technology experts.
They even say there is a huge conspiracy against crypto called FUD – Spreading of Fear, Uncertainty, Doubt by banks, government and wall street.
I’d put my faith in a successful businessman and a banker long before I do in a techie. I don’t go to a techie for financial advice.
This whole “all corporates are evil” and “governments are evil” nonsense that the cult of crypto spread is just asinine and stupid. When you need help, who do you pick up the phone and call? The police. Your bank if money has been stolen. Your insurance if you smash your car. Hardcore Libertarians and anarchists are idiots.
Even a guy like John McAfee who I admire, who speaks a LOT of sense on security knows little about currency and financial markets – he’s a security specialist, a mathematician, NOT a financial guy, not a currency expert. If he was, he wouldn’t have lost almost ALL his wealth from the sale of his company. He went for US$100 million to less than US$5 million on bad choices in 2009.
He even recently dropped a hint on how easily it would be to corrupt the ENTIRE #BITCOIN #BLOCKCHAIN network. ie. It’s vulnerable to direct attack to corrupt, erase “investors” wealth. I will chat more about this in my video.
Bitcoin fever to burn out in a “spectacular crash – David Stockman warned
Also, the disinformation regarding “BLOCKCHAIN” and “BITCOIN” is astounding.
They are not the same thing. One uses (I, and others would argue – really poorly) the other. BITCOIN cannot exist without blockchain, but not vice versa. It’s important to note that BITCOIN is NOT an investment in blockchain.
BlockChain is the system / database on which ALL crypto currencies run. Each currency (all 1300+ of them all run on their own separate database, their own BlockChain) Blockchain has a use. Crypto-Currencies in their current form are doomed to fail.
The only “conspiracy” out there is that the people who actually know business use common sense. Also, #NEWSFLASH – Elon Musk owns no BITCOIN. Neither does Steve Wozniak invest in it nor Bill Gates. Wozniak has made some off-the-cuff comments, but he doesn’t endorse one currency. They like the idea of the blockchain database, but do not endorse any currency.
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or alternatively, I’ll take your trinkets (but, quite frankly, I really don’t think many people bother spending them as a currency)
Jason Calacanis: Bitcoin Is A Bubble, Just Not Sure How Close It Is To Popping | CNBC
JP Morgan CEO Jamie Dimon: I could care less about BITCOIN | CNBC
Forbes: The Great Bitcoin Scam
The Bitcoin bubble is going to burst. Let’s promote viable digital currencies instead.
In case you haven’t heard, a security flaw was found in Intel Chips (and others) dating back over a decade. Even the latest chips have it. The hardware can’t be “patched” / fixed with a microcode update with a result that the operating system designer has to modify their O/S or kernel to accommodate / mitigate the hardware error. A side-effect of this may be a knock in performance in some situations.
Regarding the security flaw. Your PC won’t (necessarily) slow down 30%. Performance knock should not that big a deal and it’s not only Intel. It’s pretty much EVERY chip manufacturer. PC’s, phones, tablets, notebooks.
Just as the printed and social media (your friend Bob eager to share the latest gossip – from 1997) has a tendency to often get other things dead wrong #FakeNews and make a huge mountain of hype out of a molehill regarding Internet Related stories (eg. #BITcoin) – it’s not only Trump – it’s a actually a “thing” on the internet – the rush to be the FIRST (click-bait) and not necessarily factually correct. It’s a case of “share first”, “fact check” later. We’re looking at you “Wall Street Journal” #PewDiePie
You would swear it’s Intel PC Armageddon the way the media are carrying on and the youtube video click-bait is forming about a 30% knock in performance.
This patch should be coming out on the next “Patch Tuesday” for Microsoft. Mac O/S has partially implemented a fix. No news on the Apple phones yet, though. Who knows “when” with Linux and how many distributions are actually affected. Google’s official android and Chrome O/S should see a patch on about the 5th January 2018 or so.
“FRANKFURT/SAN FRANCISCO (Reuters) – Security researchers on Wednesday disclosed a set of security flaws that they said could let hackers steal sensitive information from nearly every modern computing device containing chips from Intel Corp, Advanced Micro Devices Inc and ARM Holdings. “
This is the second time a security flaw has been found this year – and it won’t be the last, CPU’s are complex things with billions of transistors. Expect more cross-platform product design “contamination” as there are not a heck of a lot of CPU architecture designers and as they flip-flop between companies, good ideas and bad ones will be shared. It’s only human.
I do, however, find it amusing that Apple may actually have another reason to slow down not only your phone, tablet this time, but also their PC’s. ~CC