56 The appointment of Matshela Seshibe as acting CEO of SAA has been questioned after his controversial tenure at Daybreak Farms The appointment of Air Chefs catering boss Matshela Seshibe as acting…
Category: Business
Are subscription paywalls financial traps? Here’s what you should know
103 The rise of paywalls means you now have to decide whether it’s worth paying a premium for access to information or media. Nothing is for mahala anymore, not even information freely…
Property market shows signs of recovery as deposit requirements ease
97 Lower interest rates have boosted home-buying activity, with the BetterBond Home Loan Index up 21.8% since the low point in the fourth quarter of 2023. South Africa’s residential property market is…
South Africa’s draft AI policy is a bureaucrat’s dream
97 Communications minister Solly Malatsi. Image: DCDT Communications minister Solly Malatsi has gazetted South Africa’s draft national AI policy for public comment, opening a 60-day window for submissions on an 86-page document…
SAA CEO Lamola and directors quit as airline accused of purge
81 South African Airways (SAA) is facing renewed uncertainty after Group CEO Professor John Lamola and three non-executive directors announced their resignations on Friday afternoon. Now, analysts are warning that the airline’s…
Standard Bank experiences data breach that exposes client account details
93 PICTURE: X/ STANDARD BANK Some clients have expressed concern after learning that Standard Bank South Africa has experienced a data breach that exposes clients’ details, making them easy targets of scams….
Anthropic mulls building its own AI chips
86 Anthropic is exploring the possibility of designing its own chips, three sources said, as the company and its rivals respond to a shortage of AI chips needed to power and develop…
Meet Pixie, Checkers Sixty60’s new handy addition to the way you order
96 Pixie’s experimental service started rolling out to the Sixty60 app on 9 April. Shoprite Holdings, the largest retailer in Africa, on Thursday introduced a smart AI shopping assistant for Checkers Sixty60…
South Africa’s biggest banks are lining up behind Optasia
83 Optasia CEO Salvador Anglada Optasia has secured US$330-million (R5.4-billion) in refinanced and upsized debt facilities, with Standard Bank acting as joint mandated lead arranger and underwriter in a deal that deepens…
Big Tech is going nuclear
101 Big Tech is reshaping the funding landscape for new nuclear technologies as it seeks to bolster electricity supply for power-hungry AI data centres, inking deals that offer nuclear companies both funding…