429 Apple CEO Tim Cook. Carlos Barria/Reuters Apple CEO Tim Cook signalled on Thursday the iPhone maker was ready to spend more to catch up to rivals in artificial intelligence by building…
Category: Business
PPI increases as anticipated, but still low and won’t affect repo rate decision
415 ‘The price pressure came mainly from food and beverages and tobacco products that increased by 4%.’ The Producer Price Index (PPI) for June rose to 0.6% from 0.1% in May, as…
Repo rate cut not a surprise but very welcome
331 The Monetary Policy Committee decided to cut the repo rate thanks to a stable rand, moderating inflation and better economic growth prospects. The decision of the South African Reserve Bank (Sarb)…
Reserve Bank cuts repo rate despite US Fed decision
316 Reserve Bank Governor Lesetja Kganyago said it wants the inflation rate to settle at 3% The South African Reserve Bank decided to cut the repo rate, as economists expected, although the…
EU kills ‘Fair Share’ plan favoured by South African operators
360 The European Commission does not think that imposing a network fee on big technology companies is a viable solution to the debate over who should fund the roll-out of 5G and…
Household food basket stable, but price of meat eating into consumers’ budgets
306 The battle continues for low-income South Africans to afford nutritious food. The average price of the household food basket was stable in July, decreasing by 41 cents from June, but it…
Court torpedoes R200-billion Karpowership plan for good
355 A Karpowership vessel is seen in this file photo. Image: Supplied A plan to station floating power-generation ships in three South African ports, a project championed by former energy minister Gwede…
Stuck in neutral, Apple misses the AI moment
360 Apple’s earnings report is unlikely to give investors the catalyst they’ve been looking for to revive the iPhone maker’s struggling stock price. The technology behemoth is expected to post profit and…
How Ekurhuleni under-charged Tembisa for electricity
314The council must find a solution to the tariff mess. Ekurhuleni mayor Nkosindiphile Xhakaza is expected to present a report to council on Thursday about the suspension of certain fixed charges for…
MTN launches rent-to-own smartphones for prepaid users
376 MTN’s mobile money business in South Africa, known as MoMo, said on Thursday that it will make 4G and 5G smartphones available on credit to prepaid customers – without the need…