345 A new paper by the Reserve Bank argues that South Africa’s market-driven approach to open banking is limited in its reach. In fact, it risks entrenching the same socioeconomic barriers that…
Category: Business
Perfect storm for South African tech buyers
350 The rand began the week at its lowest level in four months as escalating hostilities in the Middle East kept oil prices high, stoking inflation worries ahead of a much-anticipated interest…
Stellantis South Africa plant on hold but “we have not cancelled”
374Three products are now planned for the plant, but sharing with another manufacture will take place. Stellantis has reportedly halted production of its long-delayed local vehicle assembly plant in the Eastern Cape…
Cape Town BNPL start-up Happy Pay raises R86-million in seed funding
306 The Happy Pay team. Image: Supplied Cape Town-based “buy now, pay later” (BNPL) start-up Happy Pay has raised US$5-million (R86-million) in a seed funding round led by Paris-headquartered venture capital firm…
How AI is transforming the machinery of war
254AI tools are making war faster than ever. The Iran conflict shows why that should alarm us all.
How Elon Musk’s Hyperloop sucked up billions and delivered nothing
333 Hyperloop Transportation Technologies test facility in 2019 in Toulouse, France. Photo: Wikipedia user Ryn88668, 19 June 2019, under CC BY-SA 4.0 International licence In 2013, PayPal mafia don and head of…
SA start-up HyperDev wants to turn your AI-built app into a real company
371 HyperDev’s Anton Moulder Vibe coding tools have made it trivially easy to build an app. But almost nobody is turning those apps into actual businesses — and a South African start-up…
Amazon set to take another shot at the smartphone market
324 Amazon founder Jeff Bezos. Remo Casilli/Reuters In 2014, Amazon introduced its first smartphone, hoping to take on Apple and Samsung. Instead, the Fire Phone, overseen directly by founder Jeff Bezos, was…
R106m pay cheque for one man: Here’s how Standard Bank pays its top employees
489Seven C-suite executives cost Standard Bank nearly half a billion. Nothing says you are a C-suite executive like a remuneration package divided among fixed annual salaries, short-term bonuses, shares or stock options,…
Mantashe wants to ramp up local fuel refining capacity, but has that boat sailed?
355Four refineries are either offline or shut down, leaving SA massively dependent on imports at a time when war is raging in the Middle East. Minister of Mineral and Petroleum Resources Gwede…