103 ‘This proves that township economy is a real thing, and can produce tangible results.’ Township businesses in Gauteng have generated more than R1 billion in revenue since the partnership between Uber Eats and…
Category: Business
Sars now turns to high-wealth individuals who pay almost half of all personal income tax
89 According to Sars, around 2 800 South Africans with assets exceeding R50 million collectively hold an estimated R150 billion offshore. The South African Revenue Service (Sars) is now focusing on the…
OpenAI chip rethink signals turning point in AI hardware market
95 OpenAI CEO Sam Altman. Shelby Tauber/Reuters OpenAI is unsatisfied with some of Nvidia’s latest AI chips, and it has sought alternatives since last year, eight sources familiar with the matter said….
China’s Haier takes aim at Samsung, LG and Hisense in South Africa
95 The entry of China’s Haier into South Africa looks set to sharpen competition in the local home appliance market, raising pressure on established brands such as Samsung, LG and Hisense. The…
Heavyweights backing ZARU, a new rand-based stablecoin in South Africa
146 A partnership between four South African financial institutions has led to the launch of an “institutional-grade” stablecoin pegged to the rand. Dubbed ZAR Universal, or ZARU, the stablecoin will made available…
SA regulators permitting sale of vehicles with lower safety standards
92 The same vehicle sold in all other major markets has higher mandatory safety standards than in SA, according to the Automobile Association. Vehicles with inferior safety protection features compared to those…
South African tech start-ups that sold big on the world stage
107 South African technology entrepreneurs are among the most creative and resilient in the world, with some of the most successful homegrown start-ups having gone on to tackle international markets. Some choose…
Xneelo breaks ground on second Samrand data centre
83 Xneelo has begun construction on a second data centre at Samrand in Gauteng, expanding its infrastructure footprint as it prepares for growing demand for hosting and cloud services in South Africa….
Chaos as CoJ’s billing and payments systems buckle
85 The City of Johannesburg’s two core billing systems are offline, and its customer services centres stopped accepting payments on Monday (2 February). It is understood that all payments made in the…
Standard Bank branches are going cashless
101 Standard Bank’s Kabelo Makeke Standard Bank said on Tuesday that it is accelerating the shift to cashless branches as it adapts its physical network to changing customer behaviour and declining cash…