189 The South African rand continued its remarkable ascent against the US dollar on Wednesday, breaching the R15.80/$ level. The local currency is now stronger against the dollar than it was in…
Category: Business
The dtic considers ad valorem tax changes to lower car prices
168 May also explore ways to address the dominance of imported vehicles. The Department of Trade, Industry and Competition (dtic) is planning amendments to the ad valorem tax on new vehicles to…
iCAUR to launch in South Africa with 20-dealer network
174 The iCAUR V23 New energy vehicle brand iCAUR will enter the South African market with an initial network of 20 dealerships, aiming to establish a national footprint from day one as…
Reports of the smartphone’s impending death are greatly exaggerated
182 Will AI devices, like the ones under development by former Apple design chief Jony Ive at OpenAI, displace smartphones in the coming years as the primary way people interact with technology…
Nersa members perplexed by Eskom application for smelter tariffs
263 Members of energy regulator Nersa sounded perplexed about Eskom’s application for an interim electricity tariff applicable to Samancor and Glencore-Merafe’s smelters that is meant as a bridging mechanism to an even…
WeBuyCars expands national footprint with two landmark supermarkets
163 WeBuyCars’ new facility in Lansdowne, Cape Town WeBuyCars has marked a major milestone in its national growth strategy with the opening of two flagship vehicle supermarkets: the newly launched Lansdowne supermarket…
A digital reset for migration in South Africa
177 Home affairs minister Leon Schreiber South Africa has a new draft white paper on immigration, citizenship and refugees. This, the fourth in three decades, represents a step change from the previous…
SpaceX IPO may be largest in history
178 SpaceX’s Starbase facility in Texas. Gabriel V Cardenas/Reuters Elon Musk’s SpaceX is weighing a mid-June initial public offering, aiming to raise as much as US$50-billion at a valuation of roughly $1.5-trillion,…
WeBuyCars already refunded most consumers after settling with Consumer Commission
193 WeBuyCars agreed with the National Consumer Commission to pay a fine of R2.5 million and refund the 31 consumers who complained. Car dealer WeBuyCars already refunded most of the 31 consumers…
Nvidia throws AI at weather forecasting
176 Nvidia has released three open-source AI models aimed at helping create better weather forecasts, faster. The models, which the AI chip firm announced at the American Meteorological Society’s annual meeting in…