283 Lower interest rates have boosted home-buying activity, with the BetterBond Home Loan Index up 21.8% since the low point in the fourth quarter of 2023. South Africa’s residential property market is…
Category: Business
South Africa’s draft AI policy is a bureaucrat’s dream
299 Communications minister Solly Malatsi. Image: DCDT Communications minister Solly Malatsi has gazetted South Africa’s draft national AI policy for public comment, opening a 60-day window for submissions on an 86-page document…
SAA CEO Lamola and directors quit as airline accused of purge
361 South African Airways (SAA) is facing renewed uncertainty after Group CEO Professor John Lamola and three non-executive directors announced their resignations on Friday afternoon. Now, analysts are warning that the airline’s…
Standard Bank experiences data breach that exposes client account details
272 PICTURE: X/ STANDARD BANK Some clients have expressed concern after learning that Standard Bank South Africa has experienced a data breach that exposes clients’ details, making them easy targets of scams….
Anthropic mulls building its own AI chips
266 Anthropic is exploring the possibility of designing its own chips, three sources said, as the company and its rivals respond to a shortage of AI chips needed to power and develop…
Meet Pixie, Checkers Sixty60’s new handy addition to the way you order
224 Pixie’s experimental service started rolling out to the Sixty60 app on 9 April. Shoprite Holdings, the largest retailer in Africa, on Thursday introduced a smart AI shopping assistant for Checkers Sixty60…
South Africa’s biggest banks are lining up behind Optasia
257 Optasia CEO Salvador Anglada Optasia has secured US$330-million (R5.4-billion) in refinanced and upsized debt facilities, with Standard Bank acting as joint mandated lead arranger and underwriter in a deal that deepens…
Big Tech is going nuclear
241 Big Tech is reshaping the funding landscape for new nuclear technologies as it seeks to bolster electricity supply for power-hungry AI data centres, inking deals that offer nuclear companies both funding…
Microsoft is sacrificing Edge on the altar of Copilot
249 In the late 1990s, Microsoft learnt a lesson it seems to have spent the last two decades trying to forget: you cannot force a user to love a product through sheer…
Sars obtains court order to freeze millions in former employees’ assets
159 Crackdown on corruption within its ranks continues. Johnstone Makhubu, the incoming (and acting) commissioner of the South African Revenue Service (Sars), has issued a stern warning that corruption within the institution…