58 South Africa has reportedly reached an agreement with the US about tariffs, but government is keeping it under wraps until it is finalised. The US tariffs that will be implemented on…
Category: Business
Reserve Bank and Ibex reach final settlement of R6.3 billion on Steinhoff fraud
52 Steinhoff imploded in December 2017 when the auditors refused to sign off on the financial statements due to irregularities. The South African Reserve Bank (Sarb) has reached a final settlement with…
South Africa gets R8.4 billion loan to help fix and improve its energy sector
50 The money will be used to support the implementation of the Just Energy Transition (JET). South Africa has secured a $474.6 million (approximately R8.4 billion) loan from the African Development Bank…
Tan’s tough turnaround: Intel cuts deep to regain focus
81 Intel CEO Lip-Bu Tan. Laure Andrillon/Reuters Intel is going to end the year with a workforce that is over a fifth smaller than last year, it said on Thursday, and new…
Jaguar recalls E-Pace models over tearing airbags
57 ‘According to the supplier, the airbag may tear during deployment due to improper folding during the assembly process.’ Jaguar Land Rover has notified the National Consumer Commission (NCC) of an airbag…
Announcing Watts & Wheels – an exciting new motoring show
68 This Monday, TechCentral will launch the first episode of an exciting new motoring show called Watts & Wheels. The show, hosted by motoring journalist and “buzzhead” William Kelly and TechCentral editor…
AI slop goes mainstream as YouTube cashes in
71 There’s a prevailing wisdom that AI-generated content, or “slop” as it’s colloquially known, should make our skin crawl. AI models tend to generate uncanny faces, mangled hands and fantastical scenarios. Take…
The test facing new Capitec CEO Graham Lee
82 Newly appointed Capitec CEO Graham Lee. Image: Capitec The newly appointed CEO of South Africa’s biggest bank by customers has a unique problem on his hands. Since Capitec Bank — South…
Gerrie Fourie’s tearful farewell to Capitec family
64At an emotional AGM, the bank’s long-serving CEO and founding member stepped down after 25 years. On Friday, 18 July, Capitec’s now-retired CEO Gerrie Fourie stepped onto the stage at the bank’s annual…
Starlink suffers rare global outage
72 SpaceX’s Starlink suffered one of its biggest international outages on Thursday when an internal software failure knocked users offline, a rare disruption for Elon Musk’s powerful satellite internet system. Users in…