113 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…
Category: Business
Gerrie Fourie’s tearful farewell to Capitec family
78At 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
122 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…
South Africans experiencing less financial stress, but still under pressure — survey
98Overall, 63% of consumers spend more than 30% of after-tax income on debt repayments; the same ratio within the 45-54 age group is 74%. Although South Africans are experiencing notably less financial…
From Stellenbosch to the stars
129 South Africa’s space innovators have been recognised by US space agency Nasa for their cutting-edge developments in satellite technology. According to Nasa’s Small Spacecraft Technology State-of-the-Art Report for 2024, released recently,…
‘Open our eyes and ears’ – Ramaphosa on how to tackle US tariff hike on SA cars
74 In response to the incoming US tariffs, Ramaphosa said South Africa needs to look at other markets. South Africa will feel the wrath of the Trump administration as it stands firm…
Trump’s gift to Silicon Valley
115 The world’s best known artificial intelligence accelerationists have been in Silicon Valley. Now there’s one sitting in the White House. President Donald Trump’s AI Action Plan, launched on Wednesday, represents a…
Tammy Taylor franchisee who lost R5.8 million speaks out about Peet and Melany Viljoen
85 Although her lawyers are investigating, the franchisee says she ‘learnt a lesson’ after the Viljoens allegedly used her R5.8 million to move to Miami. A Tammy Taylor franchisee, who lost the…
Tesla faces ‘rough quarters’ as sales plunge
82 Patrick Pleul/Reuters Tesla CEO Elon Musk said on Wednesday that US government cuts in support for electric vehicle makers could lead to a “few rough quarters” for the company before a…
Aarto implementation date of 1 December ‘still tentative’
51 Road Traffic Infringement Agency (RTIA) spokesperson Monde Mkalipi says the 1 December date for implementing the Administrative Adjudication of Road Traffic Offences (Aarto) Amendment Act in 69 municipalities countrywide, and the names of…