203 South Africa is rewriting its exchange-control rulebook for the first time in more than 60 years – and the country’s crypto industry fears the new regime will set it back, not…
Category: Business
Minister Malatsi takes the heat after reports of using fake, made-up research for SA’s AI policy
226 Some of the 67 references listed at the bottom of the draft policy either don’t exist or refer to articles that were not published in recognised journals. Minister of Communications and…
Malatsi withdraws AI policy after fictitious sources scandal
241 Solly Malatsi. Image: DCDT Communications minister Solly Malatsi has withdrawn South Africa’s draft National AI Policy following revelations that it contained fictitious academic references, in what appears to be a case…
How AI could quietly hollow out South Africa’s job market
235 Snap cut a thousand employees in mid-April, about 16% of its workforce, after saying AI now writes more than 65% of its new code. It was the latest in a global wave…
SpaceX bets the rocket farm on AI
222 A SpaceX Super Heavy booster carrying the Starship spacecraft lifts off on its 11th test flight at the company’s launch pad in Starbase, Texas, last year. Steve Nesius/Reuters Elon Musk is…
The remarkable turnaround at Intel
272 Demand for Intel’s CPUs from firms offering AI services was so strong in the first quarter that it sold even chips it had originally written off, a remarkable turnaround that sent…
Withdraw AI policy, Malatsi told as fake citations row grows
246 Communications minister Solly Malatsi. Photo: Lerato Sepotokele/DCDT Communications minister Solly Malatsi is facing calls from across the political divide to withdraw South Africa’s draft national artificial intelligence policy after News24 revealed…
Jet fuel crunch may ground regional flights in South Africa
202‘Even when the blockades are lifted, it will take months at the very least for fuel production to return to its previous output.’ A looming jet fuel supply crunch in Southern Africa…
Taxpayer status shift could trigger penalties
274 And filing periods are creeping forward, requiring earlier action. The classification of a taxpayer as ordinary or provisional must be determined each year. A person may be an ordinary taxpayer one…
Businesses adjacent to state dams may become ‘illegal’
258 Widespread concern about proposed new ‘draconian’ regulations. Businesses situated at the water’s edge of South Africa’s more than 320 state dams will be considered “illegal” if recently proposed regulations in terms…