147 Operation Dudula challenges decision by Minister of Home Affairs to extend the ZEP expiry deadline. Anti-immigration group Operation Dudula announced on Friday that it is taking Home Affairs Minister Leon Schreiber…
Category: Business
Open banking is growing in South Africa
231 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…
Perfect storm for South African tech buyers
211 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”
231Three 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
166 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
168AI 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
227 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
235 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
209 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
294Seven 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,…