214 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…
Category: Business
SA regulators permitting sale of vehicles with lower safety standards
139 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
185 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
162 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
152 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
176 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…
SpaceX acquires xAI in record-breaking deal
174 SpaceX’s Super Heavy booster lands during SpaceX Starship’s fifth flight test, in Boca Chica, Texas. Kaylee Greenlee Bea/Reuters Elon Musk said on Monday that SpaceX has acquired his artificial intelligence start-up…
Household food basket price up again, but slightly less than a year ago
138It is not only research that shows that more people cannot afford to feed their families a nutritious diet. Low-income consumers see food disappear from their plates every day. The monthly household…
Haier plants its flag in South Africa
233 China’s Haier Group, which claims it is the world’s leading appliance and electronics brand by sales volumes, has officially launched in South Africa. Speaking at a launch event in Johannesburg on…
Manufacturing PMI recovery still stalling, letting growth slip through its fingers
166 South Africa’s manufacturing PMI is still struggling, and although it increased somewhat, it is expected to remain sluggish. Despite all the South African economic news that makes economists feel a little…