261 While the Reserve Bank usually follows suit when the US Federal Reserve cuts the repo rate, this time only the Fed did the cutting. As most economists expected, the South African…
Category: Business
Nvidia bets $5-billion on Intel, fuelling turnaround hopes
291 Dado Ruvic/Reuters Nvidia has announced it will invest US$5-billion in Intel, throwing its heft behind the struggling US chip company weeks after the White House engineered a deal for the US…
Krugerrands as a savings and emergency fund
270 It makes sense to lock a few coins away for an emergency, but what about using gold to lock away household money too? The surge in the gold price to above…
Eskom must go back to drawing board on new 3GW power plant
282 One of South Africa’s top courts on Wednesday annulled a government permit allowing Eskom to build a large power plant burning natural gas, saying there had not been proper public consultation….
PayShap success won’t automatically fix SA’s cross-border payments gap
245 Emanuela Saccarola. Image: LinkedIn The successful modernisation of a country’s domestic payments infrastructure onto faster, instant payment rails like South Africa’s PayShap does not always translate into similar success in the…
Mark Zuckerberg bets future of computing on AI-powered Ray-Bans
295 Meta CEO Mark Zuckerberg wears the Meta Ray-Ban Display glasses as he delivers a speech presenting the new line of smart glasses at the Meta Connect event in California. Carlos Barria/Reuters…
Another car recall. What do you drive?
268 Stellantis South Africa is recalling certain models of its cars due to faulty airbags. For the past few months, the National Consumer Commission (NCC) has been issuing car recalls as notified…
South Africa unveils digital visa system to boost tourism
434 Home affairs minister Leon Schreiber South Africa is moving to scrap paper-based visa applications with the launch of a new Electronic Travel Authorisation (ETA) system, revealed on Thursday by home affairs…
Eskom and BYD to work together on South African EV charging network
284 BYD’s new Dolphin Surf Eskom has signed a memorandum of cooperation with BYD Auto South Africa aimed at advancing electric mobility in the country, while supporting the launch of the Chinese…
US introduces bill to reverse sanctions on Zimbabwe
244 While ramping up pressure on SA. A new bill before the US Congress could see 25 years of sanctions against Zimbabwe reversed. This forms part of a US charm offensive in…