The South African Reserve Bank has raised its benchmark repo rate by 25 basis points to 7%, breaking a run of stability as a deepening Middle East crisis drives oil prices higher and reignites inflation. The increase, effective 29 May, was backed by four members of the monetary policy committee, with two favouring no change,…
Eskom’s Lethabo power station in the northern Free State Eskom Green has begun construction on a 75MW solar power plant at its Lethabo power station in the Free State – the first utility-scale renewable plant to be built on the footprint of an existing Eskom coal-fired station, and the start of a much larger pipeline…
London’s firefighting service responded Wednesday to a blaze in the Golders Green neighborhood, home to a large Jewish community that’s been targeted by a number of arson attacks in recent months. Images from the scene showed the flames impacting a Jewish supermarket, Kosher Kingdom, and a column of black smoke rising above the area’s main…
ITWeb contributor Phillip de Wet. Microsoft, AWS and Dell and their peers operate peacefully in South Africa by way of a bit of classic magic: making one concept mean entirely different things depending on where in the world you are based. In South Africa, “Equity Equivalent Investment Programme (EEIP)” is a long way of saying…
IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing Stolz breaks Olympic record and wins second gold medal 01:06 UP NEXT No arrests made after search of location near Guthrie home 00:43 Public vote names National Zoo’s elephant calf ‘Linh Mai’ 00:20 Girl Scout sells record-breaking number…
Lindsey Vonn breaks leg in Olympic crash, Trump calls skier a loser for comments on U.S. politics – CBS News Watch CBS News Lindsey Vonn’s Olympic hopes were dashed Sunday by a devastating crash that forced her to undergo surgery for a broken leg. Seth Doane is in Cortina with the latest on her recovery…
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. The new facility will mirror Xneelo’s existing Samrand data centre, while incorporating efficiency improvements to support next-generation cloud, colocation and self-managed server products. The…
The CAF Africa Cup of Nations (AFCON) Morocco 2025 has broken new ground with a record 6 billion digital views across social media platforms during the Competition. The CAF Africa Cup of Nations (AFCON) Morocco 2025 is now the most viewed football continental competition, generating an extraordinary 5.2 billion video views. These numbers underline the…
The commodity-linked rand strengthened on Monday morning, touching R15.99/US$ thanks to record gold prices, while traders awaited the central bank’s first rate-setting meeting this year. The rand briefly moved stronger than the R16 mark at 10.40am SAST. It then retreated slightly and was last quoted at 11.24am at R16.03/$. These are the currency’s strongest levels…
In a move that signals a significant shift in North American geopolitics, Prime Minister Mark Carney announced on Friday that Canada has reached a landmark agreement to slash its 100% tariff on Chinese electric vehicles (EVs). In exchange, China has agreed to drastically lower tariffs on Canadian agricultural products, specifically canola seeds. This departure from…
