365 Mustek’s head office in Midrand, Johannesburg Printing and packaging firm Novus Holdings’ offer to buy out other shareholders in technology group Mustek has hit another hurdle. The two companies said in…
Category: Business
Bitcoin devours electricity meant for the world’s poor
415 For seven decades, poor countries wanting to get rich have turned again and again to dams. For the post-independence leaders of Egypt and Ghana in the 1950s, hydroelectricity and sovereignty were…
BYD reportedly launching sub-R400 000 electric car in South Africa
435 BYD’s Atto 1 BYD – the Shenzhen-headquartered vehicle manufacturer sometimes referred to as “China’s Tesla” – will launch its lowest-model to date, the Atto 1, in South Africa next month, at…
ArcelorMittal narrows loss, warns of persistent headwinds
472Top priorities for the government are boosting local steel demand and sharply curbing high import levels to support the domestic industry, says company. JSE-listed ArcelorMittal South Africa (Amsa) has reported a narrower…
Trump tariffs to slam South Africa
475 Trade minister Parks Tau South Africa faces a 30% tariff on its exports to the US starting next week, a move expected to cost tens of thousands of jobs after the…
Tim Cook says Apple ready to open its wallet to catch up in AI
503 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…
PPI increases as anticipated, but still low and won’t affect repo rate decision
498 ‘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
413 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
414 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
430 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…