Chairman of the US Federal Reserve Jerome Powell speaks alongside Michelle Bowman (L), Board Vice Chair for Supervision, Lisa Cook (2nd R), Board Governor, and Adriana Kugler (R), Board Governor, as he chairs a Federal Reserve Board open meeting discussing proposed revisions to the board’s supplementary leverage ratio standards at the Federal Reserve Board building…
One of the most talked-about staff members of the Trump administration’s Department of Government Efficiency has left the federal government, continuing a stream of DOGE-related departures. Edward Coristine, the 19-year-old nicknamed “Big Balls” who joined DOGE as one of its original staffers, has left his job and the administration entirely, a White House spokesperson said…
The World Bank Group is considering financing US$500-million (R9-billion) of South Africa’s participation in a new credit guarantee facility meant to unlock private financing for a massive transmission grid expansion plan, a senior bank official said. South Africa is courting private investment for an ambitious plan to add 14 500km of new lines and enhanced transformer…
Vodacom Group CEO Shameel Joosub Vodacom Group CEO Shameel Joosub received a 15.2% bump to his total remuneration package in the financial year ended 31 March 2025, taking his pre-tax pay to R71.1-million. This marked an increased from the R61.7-million in total pay – including short-term incentives – he received in the 2024 financial year….
Telkom’s Lunga Siyo Telkom on Tuesday reported a nearly two-thirds leap in full-year earnings and resumed dividend payments for the first time in four years. It also declared a special dividend on the back of the sale of its mast and towers business Swiftnet. According to Lunga Siyo, CEO of Telkom’s consumer business, the turnaround…
This new feature will soon be released as a new option to users of Google’s search engine in the United States, with no timeline yet for the rest of the world. The company says it will be akin to having a conversation with an expert well versed on a wide range of topics. This is…
Mark Zuckerberg Mark Zuckerberg, the billionaire CEO of Meta Platforms, is setting up a team of experts to achieve so-called “artificial general intelligence” (AGI), or machines that can match or surpass human capabilities, Bloomberg News reported on Tuesday. Zuckerberg is building the new AI team in tandem with a reported investment of over US$10-billion in…
