51 Snap cut a thousand employees in mid-April, about 16% of its workforce, after saying AI now writes more than 65% of its new code. It was the latest in a global wave…
Category: Business
SpaceX bets the rocket farm on AI
76 A SpaceX Super Heavy booster carrying the Starship spacecraft lifts off on its 11th test flight at the company’s launch pad in Starbase, Texas, last year. Steve Nesius/Reuters Elon Musk is…
The remarkable turnaround at Intel
83 Demand for Intel’s CPUs from firms offering AI services was so strong in the first quarter that it sold even chips it had originally written off, a remarkable turnaround that sent…
Withdraw AI policy, Malatsi told as fake citations row grows
75 Communications minister Solly Malatsi. Photo: Lerato Sepotokele/DCDT Communications minister Solly Malatsi is facing calls from across the political divide to withdraw South Africa’s draft national artificial intelligence policy after News24 revealed…
Jet fuel crunch may ground regional flights in South Africa
62‘Even when the blockades are lifted, it will take months at the very least for fuel production to return to its previous output.’ A looming jet fuel supply crunch in Southern Africa…
Taxpayer status shift could trigger penalties
98 And filing periods are creeping forward, requiring earlier action. The classification of a taxpayer as ordinary or provisional must be determined each year. A person may be an ordinary taxpayer one…
Businesses adjacent to state dams may become ‘illegal’
129 Widespread concern about proposed new ‘draconian’ regulations. Businesses situated at the water’s edge of South Africa’s more than 320 state dams will be considered “illegal” if recently proposed regulations in terms…
From Polo to Tiguan: How Volkswagen covers every budget in South Africa
114 Volkswagen is one of those brands that just feels familiar in South Africa. You see it everywhere – on school runs, on road trips and in city traffic. This is no…
Icasa caught in the political crossfire over Starlink
123 Communications minister Solly Malatsi’s declaration on Friday that his patience with sector regulator Icasa has run out is a small bureaucratic event that masks a much larger political one. The written…
Capitec plans to enter the international market
110 Capitec is the youngest and the only bank in the country’s Big Five that does not operate retail branches abroad. South Africa’s largest bank by customer base, Capitec, plans to enter…